FUNERAL DIRECTORS' ASSOCIATION OF KENTUCKY

EIN: 610394187

FRANKFORT, KY

Total Revenue
$340,759
Total Expenses
$331,952
Total Assets
$1,413,427
Net Assets
$1,337,017
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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
KY
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.

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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 $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

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
30

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
8
$194,001
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
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
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
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