ARTS OF SOUTHERN KENTUCKY FOUNDATION INC (EIN 462490092) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

TOM BOUSSARD

Phone

2709045025

Tax Period

2024-07-01 to 2025-06-30

ARTS OF SOUTHERN KENTUCKY FOUNDATION INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $365K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $302K, a strong 83% operating margin.

Mission

THE FOUNDATION IS A SUPPORTING CORPORATION OF ARTS OF SOUTHERN KENTUCKY, INC.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $80,500

Program Service Revenue $0

Investment Income $284,430

Other Revenue $0

TOTAL REVENUE $364,930

Expense Breakdown

Grants Paid $48,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $62,780

Other Expenses $14,780

TOTAL EXPENSES $62,780

Year-over-Year Comparison

	2024	2023	Change
Revenue	$364,930	$246,540	+0.5%
Expenses	$62,780	$60,019	+0.0%
Net Income	$302,150	$186,521	+0.6%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM BOUSSARD	PRESIDENT	1.00	Officer Director	$0	$0	$0
BARBIE TATMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
GARY BROADY	DIRECTOR	1.00	Director	$0	$0	$0
LORA PATTON	DIRECTOR	1.00	Director	$0	$0	$0
RICK WILSON	DIRECTOR	1.00	Director	$0	$0	$0
HAROLD LITTLE	DIRECTOR	1.00	Director	$0	$0	$0
BETH MCKINNEY	DIRECTOR	1.00	Director	$0	$0	$0
BRAD WHEELER	TREASURER	1.00	Officer Director	$0	$0	$0
LIBBY WILKINS	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$364,930	$62,780	$5,227,322	$302,150
2024	$246,540	$60,019	$1,624,142	$186,521
2023	$626,074	$54,863	$4,068,346	$571,211
2022	$506,896	$2,445	$866,410	$504,451

ARTS OF SOUTHERN KENTUCKY FOUNDATION INC