KENTUCKY AUTOMOBILE DEALERS ASSOCIATION INC

EIN: 610244725

FRANKFORT, KY

Total Revenue
$1,169,221
Total Expenses
$968,991
Total Assets
$2,206,420
Net Assets
$1,966,232
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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
1938
Legal Domicile
KY
Principal Officer
JOE CUMMINS
Phone
5026953333
Tax Period
2023-01-01 to 2023-12-31

KENTUCKY AUTOMOBILE DEALERS ASSOCIATION INC, founded in 1938, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $200K, a strong 17% operating margin.

Mission

THE PURPOSE OF THE ASSOCIATION AND THE OBJECTIVES TO BE PROMOTED AND CARRIED OUT, IN ACCORDANCE WITH THE BY-LAWS, ARE AS FOLLOWS: TO FACILITATE THE EXCHANGE OF IDEAS AND INFORMATION AMONG ITS MEMBERS. TO ENCOURAGE SOUND BUSINESS PRACTICES AND POLICES. TO ENHANCE CONFIDENCE, RESPECT AND GOOD FELLOWSHIP AMONG ALL WHO ARE ENGAGED DIRECTLY OR INDIRECTLY IN THE MOTOR VEHICLE INDUSTRY AND TO PROTECT TRADE & COMMERCE AMONG DEALERS AND THEIR ALLIED PARTNERS IN THE COMMONWEALTH OF KENTUCKY

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $366,875
Program Service Revenue $393,349
Investment Income $30,935
Other Revenue $378,062
TOTAL REVENUE $1,169,221

Expense Breakdown

Grants Paid $0
Salaries & Benefits $517,701
Fundraising Expenses $0
Other Expenses $451,290
TOTAL EXPENSES $968,991

Year-over-Year Comparison

2023 2022 Change
Revenue $1,169,221 $935,046 +0.3%
Expenses $968,991 $823,484 +0.2%
Net Income $200,230 $111,562 +0.8%
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

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Governance

Voting Members
33
Independent Members
33
Employees
4
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
6
$0
Total Directors
0
$0
Key Employees
1
$285,215
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON WILSON PRESIDENT N/A
Key Emp
$254,657 $30,558 $285,215
SEE ATTACHED BOARD MEMBER N/A
Officer
$0 $0 $0
JOE CUMMINS CHAIR N/A
Officer
$0 $0 $0
RAY COTTRELL JR TREASURER N/A
Officer
$0 $0 $0
ROB MARSHALL VICE CHAIR N/A
Officer
$0 $0 $0
DAVID MOORE CHAIR-ELECT N/A
Officer
$0 $0 $0
NANCY SPARKS PAST CHAIR N/A
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 $1,169,221 $968,991 $2,206,420 $200,230
2022 $935,046 $823,484 $2,006,612 $111,562
2021 $933,523 $727,023 $1,837,076 $206,500
2020 $577,393 $509,540 $1,563,705 $67,853
2019 $762,757 $625,857 $1,494,789 $136,900
2018 $787,061 $647,319 $1,291,028 $139,742
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