KENTUCKY OIL & GAS 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

1931

Legal Domicile

Principal Officer

RYAN WATTS

Phone

5022261955

Tax Period

2024-01-01 to 2024-12-31

KENTUCKY OIL & GAS ASSOCIATION, founded in 1931, is a small nonprofit that reported $260K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $241K left a modest 7% surplus.

Mission

TO PROTECT THE INTERESTS OF KENTUCKY'S AND UNITED STATES' OIL AND GAS INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $98,319 Revenue: $64,034

REPRESENTING THE INTERESTS OF THE KENTUCKY OIL AND GAS INDUSTRY BEFORE THE STATE AND NATIONAL ORGANIZATIONS AND PUBLIC ENTITIES.

Program 2

Expenses: $98,319 Revenue: $64,033

COORDINATION OF EFFORTS FOR VARIOUS INTERESTED PARTIES IN THE KENTUCKY OIL AND GAS 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 $100,025

Program Service Revenue $128,067

Investment Income $15,609

Other Revenue $16,569

TOTAL REVENUE $260,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,778

Fundraising Expenses $0

Program Expenses $196,638

Other Expenses $142,175

TOTAL EXPENSES $240,953

Year-over-Year Comparison

	2024	2023	Change
Revenue	$260,270	$281,512	-0.1%
Expenses	$240,953	$269,938	-0.1%
Net Income	$19,317	$11,574	+0.7%

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

$83,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAWN BAILEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN HENDERSON	PRESIDENT-EL	1.00	Officer Director	$0	$0	$0
STACEE DOVER	TREASURER	1.00	Officer Director	$0	$0	$0
WESLEY CATE	PAST-PRESIDE	1.00	Officer Director	$0	$0	$0
BILL BARR	DIRECTOR	1.00	Director	$0	$0	$0
JASON BENTLEY	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG BLACKBURN	DIRECTOR	1.00	Director	$0	$0	$0
REECE BROWN	DIRECTOR	1.00	Director	$0	$0	$0
HARRY CALLICOTTE	DIRECTOR	1.00	Director	$0	$0	$0
BERT FERRARA	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT FRANCIS	DIRECTOR	1.00	Director	$0	$0	$0
DEREK HINA	DIRECTOR	1.00	Director	$0	$0	$0
MARK HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
BRYON LEFORT	DIRECTOR	1.00	Director	$0	$0	$0
DUANE LESTER	DIRECTOR	1.00	Director	$0	$0	$0
LINDA RUMPKE	DIRECTOR	1.00	Director	$0	$0	$0
ALEX SHAIN	DIRECTOR	1.00	Director	$0	$0	$0
CANDACE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ASH TITZER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS TOMLINSON	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK VENDITTI	DIRECTOR	1.00	Director	$0	$0	$0
RUDY VOGT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WEBB	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN WELLS	DIRECTOR	1.00	Director	$0	$0	$0
LOGAN WHEAT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WILSON	DIRECTOR	1.00	Director	$0	$0	$0
EVAN ZELLER	DIRECTOR	1.00	Director	$0	$0	$0
BEN NEISES	EX-OFFICIO	1.00	Director	$0	$0	$0
PAUL ROWE	EX-OFFICIO	1.00	Director	$0	$0	$0
DOUG HYDEN	PAST PRE COU	1.00	Director	$0	$0	$0
RYAN WATTS	EXEC DIRECTO	40.00	Officer	$83,250	$0	$83,250

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	$260,270	$240,953	$346,659	$19,317
2023	$281,512	$269,938	$336,402	$11,574
2022	$243,957	$206,172	$316,433	$37,785
2021	$222,880	$197,091	$279,145	$25,789
2020	$172,378	$205,388	$248,085	$-33,010
2019	$312,561	$267,111	$281,544	$45,450
2018	$279,621	$293,816	$235,908	$-14,195