FUNERAL DIRECTORS' ASSOCIATION OF … - Form 990 Financial Data

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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

1917

Legal Domicile

Principal Officer

BILL MULLINS

Phone

5022230622

Tax Period

2023-01-01 to 2023-12-31

FUNERAL DIRECTORS' ASSOCIATION OF KENTUCKY, founded in 1917, is a small nonprofit that reported $341K in total revenue in fiscal year 2023. Net assets of $1.3M represent 47 months of operating reserves.

Mission

TO PROVIDE MEMBER SERVICES, RESOURCES, PROFESSIONAL DEVELOPMENT, AND LEADERSHIP FOR THE BENEFIT OF KENTUCKY FUNERAL DIRECTORS.

Program Service Accomplishments

Program 1

THE ASSOCATION CONDUCTS CONVENTIONS AND CONFERENCES TO EDUCATE ITS MEMBERS ON CURRENT TOPICS AND PRACTICES WHICH AFFECT THE FUNERAL INDUSTRY. APPROXIMATELY 825 AND 275 INDIVIDUALS PARTICIPATED IN THE...

Program 2

CONTINUING EDUCATION MEETINGS TO EDUCATE ITS MEMBERS ON CURRENT TOPICS AND PRACTICES WHICH AFFECT THE FUNERAL INDUSTRY. APPROXIMATELY 350 AND 150 INDIVIDUALS ATTENDED THE VIRTUAL AND IN PERSON...

CONTINUING EDUCATION MEETINGS TO EDUCATE ITS MEMBERS ON CURRENT TOPICS AND PRACTICES WHICH AFFECT THE FUNERAL INDUSTRY. APPROXIMATELY 350 AND 150 INDIVIDUALS ATTENDED THE VIRTUAL AND IN PERSON CLASSES, RESPECTIVELY.

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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 $106,227

Program Service Revenue $203,347

Investment Income $31,160

Other Revenue $25

TOTAL REVENUE $340,759

Expense Breakdown

Grants Paid $900

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $331,052

TOTAL EXPENSES $331,952

Year-over-Year Comparison

	2023	2022	Change
Revenue	$340,759	$334,136	+0.0%
Expenses	$331,952	$310,252	+0.1%
Net Income	$8,807	$23,884	-0.6%

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

N/A

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

$194,001

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE WOLFE	SERGEANT-AT-ARMS	1.50	Officer Director	$0	$0	$0
DOHERTY REYNOLDS	DIRECTOR	1.50	Director	$0	$0	$0
LEE MUSTER	DIRECTOR	1.50	Director	$0	$0	$0
JOHN HILL	SECRETARY/TREASURER	1.50	Officer Director	$0	$0	$0
GRANT BOLT	CHAIRMAN OF THE BOARD	1.50	Officer Director	$0	$0	$0
LOUIS LINNEMANN	DIRECTOR	1.50	Director	$0	$0	$0
BILL MULLINS	IMMEDIATE PAST PRESIDENT	1.50	Officer Director	$0	$0	$0
WESLEY ROMINGER	PRESIDENT	1.50	Officer Director	$0	$0	$0
CHAD TOWNSEND	VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
BRANDY HARWOOD	PRESIDENT-ELECT	1.50	Officer Director	$0	$0	$0
TONY FLORO	DIRECTOR	1.50	Director	$0	$0	$0
FRANK GILES	DIRECTOR	1.50	Director	$0	$0	$0
LAURA NEAL	DIRECTOR	1.50	Director	$0	$0	$0
JASON STEELE	DIRECTOR	1.50	Director	$0	$0	$0
W SIDNEY FOGLE	EXECUTIVE DIRECTOR	17.50	Officer	$0	$30,988	$194,001

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	No data	No data	No data	No data
2023	$340,759	$331,952	$1,413,427	$8,807
2022	$334,136	$310,252	$1,398,790	$23,884
2021	$278,320	$270,083	$1,341,283	$8,237
2020	$211,611	$179,848	$1,338,086	$31,763
2019	$340,755	$349,876	$1,324,240	$-9,121
2018	$367,310	$335,070	$1,315,525	$32,240

FUNERAL DIRECTORS' ASSOCIATION OF KENTUCKY