RURAL EDUCATIONAL ASSOCIATION OF KY DBA TREAK (EIN 610447252) - 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

1931

Legal Domicile

Phone

5028300030

Tax Period

2022-10-01 to 2023-09-30

RURAL EDUCATIONAL ASSOCIATION OF KY DBA TREAK, founded in 1931, is a small nonprofit in the Health Care sector that reported $260K in total revenue in fiscal year 2022. The organization ran a surplus of $143K, a strong 55% operating margin.

Mission

THE ASSOCIATION IS PLANNING TO SUPPORT THE DEVELOPMENT AND OPERATION OF A LIFE PLAN COMMUNITY TO INCLUDE INDEPENDENT LIVING, PERSONAL CARE, AND RELATED PROGRAMS TO SERVE SENIOR CITIZENS. THE ASSOCIATION ALSO PROVIDES SCHOLARSHIP FUNDS TO WORTHY STUDENTS AT VARIOUS NON-PROFIT EDUCATIONAL ACADEMIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $260,251

Other Revenue $0

TOTAL REVENUE $260,251

Expense Breakdown

Grants Paid $36,300

Salaries & Benefits $4,437

Fundraising Expenses $0

Program Expenses $65,894

Other Expenses $76,130

TOTAL EXPENSES $116,867

Year-over-Year Comparison

	2022	2021	Change
Revenue	$260,251	$245,993	+0.1%
Expenses	$116,867	$118,699	0.0%
Net Income	$143,384	$127,294	+0.1%

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

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

$82,441

Total Directors

$82,441

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL RABUKA	President	1.00	Officer Director	$82,441	$0	$82,441
TOM CLARK	Vice President	1.00	Officer Director	$0	$0	$0
DANNY DUBOSQUE	Secretary	1.00	Officer Director	$0	$0	$0
PAUL ADEOGUN	Director	1.00	Director	$0	$0	$0
LEE HALL	Director	1.00	Director	$0	$0	$0
LIZ B MUHLENBECK	Director	1.00	Director	$0	$0	$0
RICHARD WILSON	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
2023	$260,251	$116,867	$6,418,327	$143,384
2022	$245,993	$118,699	$6,215,146	$127,294
2021	$-755,859	$377,004	$6,997,501	$-1,132,863
2020	$1,073,816	$586,590	$8,030,027	$487,226

RURAL EDUCATIONAL ASSOCIATION OF KY DBA TREAK