KENTUCKY BANKERS ASSOCIATION

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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

1891

Legal Domicile

Principal Officer

BALLARD W CASSADY JR

Phone

5025822453

Tax Period

2023-07-01 to 2024-06-30

KENTUCKY BANKERS ASSOCIATION, founded in 1891, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $5.2M left a modest 5% surplus.

Mission

TO PROVIDE EFFECTIVE ADVOCACY FOR THE FINANCIAL SERVICES INDUSTRY BOTH IN KENTUCKY AND ON A NATIONAL LEVEL; TO SERVE AS A RELIABLE AND RESPONSIVE SOURCE OF INFORMATION AND EDUCATION ABOUT AREAS OF INTEREST TO THE INDUSTRY; AND TO PROVIDE A CATALYST AND FORUM FOR COLLECTIVE INDUSTRY ACTION.

Program Service Accomplishments

Program 1

THE ASSOCIATION MARKETS AND FACILITATES EDUCATIONAL PRODUCTS AND SERVICES TO ITS MEMBERSHIP. DURING THE PAST YEAR THE ASSOCIATON PROVIDED EDUCATIONAL SERVICES TO OVER 3,000 INDIVIDUALS FROM MORE THAN 150 CORPORATE MEMBERS THROUGH LIVE AND DISTANCE-LEARNING SEMINARS.THE ASSOCIATION ENGAGES IN LOBBYING ACTIVITIES ON BEHALF OF THE KENTUCKY BANKING INDUSTRY AT BOTH THE STATE AND FEDERAL LEVEL. THE ASSOCIATION'S CURRENT MEMBERSHIP CONSISTS OF 150 FINANCIAL INSTITUTIONS, 135 ASSOCIATE MEMBERS AND 105 BANK COUNSEL MEMBERS.

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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 $2,781,202

Investment Income $256,967

Other Revenue $2,476,250

TOTAL REVENUE $5,514,419

Expense Breakdown

Grants Paid $19,200

Salaries & Benefits $3,461,925

Fundraising Expenses $0

Other Expenses $1,763,327

TOTAL EXPENSES $5,244,452

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,514,419	$5,103,304	+0.1%
Expenses	$5,244,452	$5,053,888	+0.0%
Net Income	$269,967	$49,416	+4.5%

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

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

$2,620,633

Total Directors

$1,860,508

Key Employees

$252,451

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BALLARD W CASSADY JR	PRESIDENT & CEO	40.00	Officer Director	$828,076	$1,032,432	$1,860,508
MARK STROTHER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RUTH O'BRYAN BALE	PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
APRIL PERRY	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
W LEE SCHEBEN	TREASURER	1.00	Officer Director	$0	$0	$0
FRED BRASHEAR	DIRECTOR	1.00	Director	$0	$0	$0
LANIE GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HUNT	DIRECTOR	1.00	Director	$0	$0	$0
GREG PAULEY	DIRECTOR	1.00	Director	$0	$0	$0
ALEX DOWNING	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MCDANIELS	DIRECTOR	1.00	Director	$0	$0	$0
JASON JONES	DIRECTOR	1.00	Director	$0	$0	$0
DON JENNINGS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES AYERS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BECKWITH	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MILES	DIRECTOR	1.00	Director	$0	$0	$0
LUCAS SHEPHERD	DIRECTOR	1.00	Director	$0	$0	$0
LONNIE FOLEY	DIRECTOR	1.00	Director	$0	$0	$0
GLENN MEYERS	DIRECTOR	1.00	Director	$0	$0	$0
ALEX COOK	FORMER DIRECTOR	1.00	Director	$0	$0	$0
CHARLES BEACH III	FORMER DIRECTOR	1.00	Director	$0	$0	$0
JAIME COFFEY	FORMER DIRECTOR	1.00	Director	$0	$0	$0
JAMES HILLEBRAND	FORMER DIRECTOR	1.00	Director	$0	$0	$0
TONY KINDER	FORMER DIRECTOR	1.00	Director	$0	$0	$0
MATT VANCE	CHIEF FINANCIAL OFFICER	40.00	Officer	$339,099	$79,769	$418,868
DEBRA STAMPER	FORMER EXEC VICE PRESIDENT	40.00	Officer	$293,884	$47,373	$341,257
TIM SCHENK	GENERAL COUNSEL	40.00	Key Emp	$202,438	$50,013	$252,451
JOHN COOPER	GOVERNMENT AFFAIRS	40.00	Highest	$152,530	$32,944	$185,474
SELINA PARRISH	DIRECTOR OF MEMBERSHIP	40.00	Highest	$129,239	$31,182	$160,421
NINA GOTTES	SPONSORSHIP SOLUTIONS	40.00	Highest	$110,821	$16,512	$127,333
KATIE RAJCHEL	ACCOUNTING MANAGER	40.00	Highest	$101,542	$45,467	$147,009

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
2025	No data	No data	No data	No data
2024	$5,514,419	$5,244,452	$7,857,399	$269,967
2023	$5,103,304	$5,053,888	$7,368,761	$49,416
2022	$4,534,508	$4,710,410	$6,828,754	$-175,902
2021	$4,825,835	$4,385,837	$7,352,905	$439,998
2020	$3,892,769	$4,125,100	$7,975,910	$-232,331
2019	$4,551,862	$4,130,540	$8,048,140	$421,322
2018	$4,519,193	$3,980,635	$7,536,043	$538,558