KY ASSOCIATION OF HIGHWAY CONTRACTORS (EIN 610244690) - 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

1928

Legal Domicile

Phone

5022233422

Tax Period

2024-01-01 to 2024-12-31

KY ASSOCIATION OF HIGHWAY CONTRACTORS, founded in 1928, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $519K, a strong 28% operating margin.

Mission

PROVIDES SERVICES TO MEMBERS IN THE HIGHWAY CONSTRUCTION INDUSTRY

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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 $0

Program Service Revenue $1,038,617

Investment Income $344,633

Other Revenue $459,190

TOTAL REVENUE $1,842,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $604,685

Fundraising Expenses $0

Other Expenses $718,434

TOTAL EXPENSES $1,323,119

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,842,440	$1,258,312	+0.5%
Expenses	$1,323,119	$996,942	+0.3%
Net Income	$519,321	$261,370	+1.0%

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

Employees

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
GRANT GABBARD	Director	0.00	Director	$0	$0	$0
CHRIS HIBBERD	Director	0.00	Director	$0	$0	$0
JASON JURGENSEN	Director	0.00	Director	$0	$0	$0
JOE BURCHETT	Director	0.00	Director	$0	$0	$0
KENNY ROLLER	Director	0.00	Director	$0	$0	$0
STANFORD VICE	Director	0.00	Director	$0	$0	$0
DARREN CLEARY	Director	0.00	Director	$0	$0	$0
WILL HINKLE	Director	0.00	Director	$0	$0	$0
TOM MCMAHAN	Director	0.00	Director	$0	$0	$0
DREW BEARD	Director	0.00	Director	$0	$0	$0
STEVEN LEE	Director	0.00	Director	$0	$0	$0
MIKE ROGERS	Director	0.00	Director	$0	$0	$0
JOHN T YAGER	Chairman	0.00	Officer	$0	$0	$0
REX SMITH	Vice Chairman	0.00	Officer	$0	$0	$0
MIKE LAW	Treasurer	0.00	Officer	$0	$0	$0
CHAD LARUE	EXECUTIVE DIRECTOR	40.00		$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	$1,842,440	$1,323,119	$6,659,701	$519,321
2023	$1,258,312	$996,942	$6,633,357	$261,370
2022	$1,763,938	$920,593	$5,890,089	$843,345
2021	$1,402,744	$962,018	$5,728,108	$440,726
2020	$668,934	$774,522	$5,112,556	$-105,588
2019	$1,944,249	$890,998	$5,068,429	$1,053,251
2018	$1,149,383	$902,911	$3,908,953	$246,472

KY ASSOCIATION OF HIGHWAY CONTRACTORS