KENTUCKY AUTOMOBILE INSURANCE PLAN

EIN: 610408077

LOUISVILLE, KY

Total Revenue
$360,194
Total Expenses
$337,011
Total Assets
$1,030,129
Net Assets
$952,596
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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
KY
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

THE PLAN PROVIDES RESIDUAL MARKET MECHANISMS FOR PERSONAL AND COMMERCIAL VEHICLE COVERAGE IN KENTUCKY. THE PLAN ASSISTS HIGH-RISK MOTORISTS IN OBTAINING AUTO INSURANCE AND DISTRIBUTES THE RISK TO INSURERS OPERATING IN KENTUCKY.

Program Service Accomplishments

Program 1

PROVIDE RESIDUAL MARKET MECHANISMS FOR PERSONAL AND COMMERCIAL VEHICLE COVERAGE IN KENTUCKY.

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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 (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

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Governance

Voting Members
7
Independent Members
7
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
3
$402,618
Total Directors
8
$402,618
Key Employees
0
$0
Highest Compensated
0
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
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