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)

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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 PRINCIPLES OF THE KENTUCKY AUTOMOBILE DEALERS ASSOCIATION, INC. ARE TO PROMOTE AND MAINTAIN HONESTY AND DEPENDABILITY IN OUR BUSINESSS OPERATIONS. TO EMPLOY TRUTH AND ACCURACY IN OUR ADVERTISING AND SELLING OF AUTOMOTIVE PRODUCTS. TO STRIVE CONSTANTLY TO IMROVE OUR INDUSTRY.

Program Service Accomplishments

Program 1

THE KADA CONVENTION IS OUR ANNUAL MEETING FOR MEMBERS AND THEIR KEY EMPLOYEES. THE MEETING INCLUDES WORKSHOPS, BOARD MEETING AND EVENTS. WORKSHOPS ADDRESS A RANGE OF ISSUES FROM WORK PLACE SAFETY...

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THE KADA CONVENTION IS OUR ANNUAL MEETING FOR MEMBERS AND THEIR KEY EMPLOYEES. THE MEETING INCLUDES WORKSHOPS, BOARD MEETING AND EVENTS. WORKSHOPS ADDRESS A RANGE OF ISSUES FROM WORK PLACE SAFETY, CURRENT ECONOMIC ISSUES, REGULARTORY CONCERNS, ETC.

Program 2

KADA HELD 5 DISTRICT MEETINGS IN 2023 THAT HAD ABOUT 225 ATTENDEES. MEETINGS ARE HELD TO DISCUSS CURRENT INDUSTRY ISSUES.

Program 3

THE NADA CONVENTION IS AN ANNUAL MEETING FOR THE NATIONAL AUTOMOBILE DEALERS ASSOCIATION. THIS CONVENTION INCLUDES MANY WORKSHOPS, TRADESHOWS AND OTHER EVENTS. THE CONVENTION WAS HELD IN JANUARY OF...

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THE NADA CONVENTION IS AN ANNUAL MEETING FOR THE NATIONAL AUTOMOBILE DEALERS ASSOCIATION. THIS CONVENTION INCLUDES MANY WORKSHOPS, TRADESHOWS AND OTHER EVENTS. THE CONVENTION WAS HELD IN JANUARY OF 2023 IN DALLAS, TEXAS. THE WASHINGTON CONFERENCE IS SPONSORED BY NADA EVERY YEAR. IT IS A TIME WHERE ALL STATE ASSOCIATIONS SEND KEY PEOPLE TO GO TO WASHINGTON D.C. AND VISIT WITH THEIR CONGRESSMEN TO RELAY ANY IMPORTANT ISSUES PERTAINING TO THE AUTOMOTOVE INDUSTRY. IN 2023 KADA SENT FOUR AUTO DEALER MEMBERS WHO SERVE ON THE BOARD.

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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

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Liquidity & Cash Position

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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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