KENTUCKY AUTOMOBILE INSURANCE PLAN (EIN 610408077) - 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

1980

Legal Domicile

Principal Officer

STEPHEN HILLIS

Phone

5023278909

Tax Period

2025-01-01 to 2025-12-31

KENTUCKY AUTOMOBILE INSURANCE PLAN, founded in 1980, is a small nonprofit that reported $360K in total revenue in fiscal year 2025. Expenses of $337K left a modest 6% surplus.

Mission

TO ASSIST HIGH-RISK MOTORISTS IN OBTAINING AUTO INSURANCE AND DISTRIBUTE THE RISK TO KY INSURERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $330,874

Investment Income $26,370

Other Revenue $2,950

TOTAL REVENUE $360,194

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $337,011

TOTAL EXPENSES $337,011

Year-over-Year Comparison

	2025	2024	Change
Revenue	$360,194	$362,216	0.0%
Expenses	$337,011	$412,352	-0.2%
Net Income	$23,183	$-50,136	-1.5%

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

N/A

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

$402,618

Total Directors

$402,618

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER MIGLIOZZI	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE MOORE	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KRISTEN MELLINGER	DIRECTOR	1.00	Director	$0	$0	$0
RAQUEL VEGA-GASKINS	DIRECTOR	1.00	Director	$0	$0	$0
BRAD ERDMAN	VICE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
STEPHEN HILLIS	SECRETARY-TREASURER/PLAN MANAGER	3.00	Officer Director	$0	$91,452	$402,618
RUDY SCHLICH	DIRECTOR	1.00	Director	$0	$0	$0
BERT HACKENBERG	DIRECTOR	1.00	Director	$0	$0	$0

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	$360,194	$337,011	$1,030,129	$23,183
2024	$362,216	$412,352	$1,057,123	$-50,136
2023	$347,004	$277,147	$1,190,068	$69,857
2022	$247,624	$585,418	$1,272,983	$-337,794
2021	$232,115	$92,824	$1,414,935	$139,291
2020	$416,393	$689,376	$1,460,458	$-272,983
2019	$361,764	$346,967	$1,507,111	$14,797
2018	$113,102	$222,966	$418,826	$-109,864

KENTUCKY AUTOMOBILE INSURANCE PLAN