KENTUCKY CLASSIC ARTS AT CENTRE SQUARE INC (EIN 474252207) - 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

2015

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

KENTUCKY CLASSIC ARTS AT CENTRE SQUARE INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $389K in total revenue in fiscal year 2023. The organization ran a surplus of $64K, a strong 16% operating margin.

Mission

PROVIDE CULTURAL EVENTS FOR THE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $92,623

Program Service Revenue $143,095

Investment Income $3

Other Revenue $153,039

TOTAL REVENUE $388,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,258

Fundraising Expenses $0

Program Expenses $199,341

Other Expenses $130,813

TOTAL EXPENSES $325,071

Year-over-Year Comparison

	2023	2022	Change
Revenue	$388,760	$385,032	+0.0%
Expenses	$325,071	$306,454	+0.1%
Net Income	$63,689	$78,578	-0.2%

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

Volunteers

100

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

$52,676

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBIN HUMPHRESS	EXECUTIVE DIRECTOR	25.00	Officer	$45,056	$0	$45,056
KATE PALAGI	TREASURER	12.00	Officer	$7,620	$0	$7,620
LYNN D FARRIS	DIRECTOR	0.00	Director	$0	$0	$0
PATI MCCANN	DIRECTOR	0.00	Director	$0	$0	$0
CYNDI MATTINGLY	SECRETARY	1.00	Officer	$0	$0	$0
JOSEPH STEWART	PRESIDENT	2.00	Officer	$0	$0	$0
ROGER COBB	VICE PRESIDENT	0.00	Officer	$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
2024	No data	No data	No data	No data
2023	$388,760	$325,071	$353,460	$63,689
2022	$385,032	$306,454	$287,488	$78,578
2021	$319,704	$202,110	$206,883	$117,594
2019	$209,854	$196,516	$99,942	$13,338

KENTUCKY CLASSIC ARTS AT CENTRE SQUARE INC