Kentucky Chamber of Commerce Inc (EIN 610405718) - Form 990 Financial Analysis & Trantor Score

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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

1942

Legal Domicile

Phone

5026954700

Tax Period

2023-10-01 to 2024-09-30

Kentucky Chamber of Commerce Inc, founded in 1942, is a mid-sized nonprofit that reported $12.4M in total revenue in fiscal year 2023. Expenses of $11.0M left a modest 11% surplus.

Mission

CREATE AND SUPPORT A COMPETITVE BUSINESS CLIMATE IN KENTUCKY THROUGH ADVOCACY, EDUCATION, INFORMATION, AND SERVICES IN ORDER TO PROMOTE BUSINESS RETENTION AND RECRUITMENT.

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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 $1,293,630

Program Service Revenue $9,116,824

Investment Income $93,186

Other Revenue $1,907,873

TOTAL REVENUE $12,411,513

Expense Breakdown

Grants Paid $472,414

Salaries & Benefits $6,145,004

Fundraising Expenses $0

Program Expenses $0

Other Expenses $4,432,089

TOTAL EXPENSES $11,049,507

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,411,513	$11,900,673	+0.0%
Expenses	$11,049,507	$10,920,509	+0.0%
Net Income	$1,362,006	$980,164	+0.4%

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

$793,152

Total Directors

$551,085

Key Employees

$602,732

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY LUTTRELL	VICE CHAIR, ADMINISTRATION	1.0	Officer Director	$0	$0	$0
ASHLI WATTS	PRESIDENT/CEO	38.0	Officer Director	$523,058	$28,027	$551,085
CANDACE MCGRAW	CHAIR	1.0	Officer Director	$0	$0	$0
JOHN CROCKETT III	VICE CHAIR, MEMBERSHIP & BUSINESS SERVICES	1.0	Officer Director	$0	$0	$0
KELLEY WORKMAN	TREASURER	1.0	Officer Director	$0	$0	$0
KEVIN SMITH	IMMEDIATE PAST CHAIR	1.0	Officer Director	$0	$0	$0
LAJUANA WILCHER	VICE CHAIR, PUBLIC AFFAIRS	1.0	Officer Director	$0	$0	$0
SCOTT DAVIS	CHAIR-ELECT	1.0	Officer Director	$0	$0	$0
STEPHEN BRANSCUM	VICE CHAIR, COMMUNICATIONS & MARKETING	1.0	Officer Director	$0	$0	$0
ADAM HANCOCK	DIRECTOR	1.0	Director	$0	$0	$0
ADAM HINTON	DIRECTOR	1.0	Director	$0	$0	$0
AMY SPILLER	DIRECTOR	1.0	Director	$0	$0	$0
ANTHONY HOUSTON	DIRECTOR	1.0	Director	$0	$0	$0
ARTHUR WALKER III	DIRECTOR	1.0	Director	$0	$0	$0
BILL MUDD	DIRECTOR	1.0	Director	$0	$0	$0
BILLY SPEARS	DIRECTOR	1.0	Director	$0	$0	$0
BRAD SMITH	DIRECTOR	1.0	Director	$0	$0	$0
BRIAN CROMER	DIRECTOR	1.0	Director	$0	$0	$0
CALVIN BARKER	DIRECTOR	1.0	Director	$0	$0	$0
CARLOS SANCHEZ	DIRECTOR	1.0	Director	$0	$0	$0
CATHY WADDELL	DIRECTOR	1.0	Director	$0	$0	$0
CHAD HARPOLE	DIRECTOR	1.0	Director	$0	$0	$0
CINDY WISEMAN	DIRECTOR	1.0	Director	$0	$0	$0
CONDRAD DANIELS	DIRECTOR	1.0	Director	$0	$0	$0
DONOVAN BLACKBURN	DIRECTOR	1.0	Director	$0	$0	$0
DOUGLAS BARR	DIRECTOR	1.0	Director	$0	$0	$0
ELLEN CALL	DIRECTOR	1.0	Director	$0	$0	$0
ELMER WHITAKER	DIRECTOR	1.0	Director	$0	$0	$0
GERARD COLMAN	DIRECTOR	1.0	Director	$0	$0	$0
HOLLIE HARRIS	DIRECTOR	1.0	Director	$0	$0	$0
JAMES RICKARD	DIRECTOR	1.0	Director	$0	$0	$0
JAY RICHERT	DIRECTOR	1.0	Director	$0	$0	$0
JEB DUKE	DIRECTOR	1.0	Director	$0	$0	$0
JEFF BORKOWSKI	DIRECTOR	1.0	Director	$0	$0	$0
JOHN ESTUS	DIRECTOR	1.0	Director	$0	$0	$0
JOHN PHILLIPS	DIRECTOR	1.0	Director	$0	$0	$0
KENNAN WETHINGTON	DIRECTOR	1.0	Director	$0	$0	$0
KEVIN SHURN	DIRECTOR	1.0	Director	$0	$0	$0
KIMBERLY HALBAUER	DIRECTOR	1.0	Director	$0	$0	$0
KIMRA COLE	DIRECTOR	1.0	Director	$0	$0	$0
KRISTEN BYRD	DIRECTOR	1.0	Director	$0	$0	$0
LES FUGATE	DIRECTOR	1.0	Director	$0	$0	$0
MARK GUILFOYLE	DIRECTOR	1.0	Director	$0	$0	$0
MARK SOMMER	DIRECTOR	1.0	Director	$0	$0	$0
MELISSA NORMAN-BORK	DIRECTOR	1.0	Director	$0	$0	$0
MIKE BUCKENTIN	DIRECTOR	1.0	Director	$0	$0	$0
NICK DREA	DIRECTOR	1.0	Director	$0	$0	$0
PAIGE MANKOVICH	DIRECTOR	1.0	Director	$0	$0	$0
PATRICK COLEMAN	DIRECTOR	1.0	Director	$0	$0	$0
PAUL COSTEL	DIRECTOR	1.0	Director	$0	$0	$0
PURNA VEER	DIRECTOR	1.0	Director	$0	$0	$0
RAY DANIELS	DIRECTOR	1.0	Director	$0	$0	$0
SARAH WHITAKER	DIRECTOR	1.0	Director	$0	$0	$0
SHANNON ARVIN	DIRECTOR	1.0	Director	$0	$0	$0
STEPHANIE BELL	DIRECTOR	1.0	Director	$0	$0	$0
STEPHEN BEHNKE	DIRECTOR	1.0	Director	$0	$0	$0
STEVE MERRICK	DIRECTOR	1.0	Director	$0	$0	$0
STEVEN LEE	DIRECTOR	1.0	Director	$0	$0	$0
TIM ROBINSON	DIRECTOR	1.0	Director	$0	$0	$0
TONY REINHART	DIRECTOR	1.0	Director	$0	$0	$0
JOSEPH HSU	CHIEF FINANCIAL OFFICER	38.0	Officer	$12,420	$0	$12,420
PATRICK MERCHAK	CHIEF FINANCIAL OFFICER - TERM ENDED	38.0	Officer	$213,756	$15,891	$229,647
JIM FORD	CHIEF RESOURCE OFFICER	38.0	Key Emp	$316,067	$30,021	$346,088
KATHERINE SHANKS	SR VICE PRESIDENT, PUBLIC AFFAIRS	38.0	Key Emp	$234,489	$22,155	$256,644
EIZABETH DAVISSON	SR VICE PRESIDENT, FOUNDATION	38.0	Highest	$187,417	$22,487	$209,904
JACQUELINE PITTS	SR VICE PRESIDENT, COMMUNICATIONS AND MARKETING	38.0	Highest	$160,266	$17,564	$177,830
LAKISHA MILLER	EXECUTIVE DIRECTOR, WORKFORCE CENTER	38.0	Highest	$112,678	$9,540	$122,218
SARAH CATHEY	SR DIRECTOR, OPERATIONS	38.0	Highest	$131,319	$8,825	$140,144
SHAWNA BURTON	DIRECTOR OF MEMBER BENEFITS AND PARTNERSHIPS	38.0	Highest	$142,152	$18,366	$160,518

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	$12,411,513	$11,049,507	$13,351,712	$1,362,006
2023	$11,900,673	$10,920,509	$11,772,305	$980,164
2022	$10,821,811	$8,760,841	$10,894,851	$2,060,970
2021	$9,027,627	$7,376,894	$9,516,426	$1,650,733
2020	$8,441,954	$7,298,543	$7,330,458	$1,143,411
2019	$7,521,133	$7,455,092	$5,851,467	$66,041
2018	$6,716,585	$6,548,581	$5,741,995	$168,004

Kentucky Chamber of Commerce Inc