Kentucky Steam Heritage Corporation (EIN 474825639) - 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

Legal Domicile

Phone

8595767962

Tax Period

2023-01-01 to 2023-12-31

Kentucky Steam Heritage Corporation is a micro nonprofit in the Arts, Culture & Humanities sector that reported $69K in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $209K exceeded revenue, resulting in a 203% operating deficit.

Mission

The Kentucky Steam Heritage Corporation (KSHC) is a Kentucky based 501(c)(3) non-profit orgainization operating with the intent to educate, entertain and inspire past, current and future generations by operating historic rail equipment. The hallmark of our efforts is the restoration of Chesapeake & Ohio Railway Steam Locomotive 2716 to operation. The restoration and operation of 2716 and other historic pieces will prove to be living history and will serve as an educational tool, enhancing heritage tourism and stimulating economic growth.

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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 $0

Program Service Revenue $68,847

Investment Income $0

Other Revenue $0

TOTAL REVENUE $68,847

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $208,697

Other Expenses $208,697

TOTAL EXPENSES $208,697

Year-over-Year Comparison

	2023	2022	Change
Revenue	$68,847	$243,231	-0.7%
Expenses	$208,697	$172,797	+0.2%
Net Income	$-139,850	$70,434	-3.0%

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

N/A

Employees

N/A

Volunteers

N/A

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
JOE NUGENT	DIR & TREASURER	0.00	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
2023	$68,847	$208,697	$526,589	$-139,850
2022	$243,231	$172,797	$664,393	$70,434
2021	$288,426	$94,743	$601,646	$193,683
2020	$244,958	$250,040	$404,252	$-5,082
2019	$221,470	$166,578	$419,554	$54,892

Kentucky Steam Heritage Corporation