Honorable Order of Kentucky Colonels Inc (EIN 610485432) - 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

1944

Legal Domicile

Phone

5022666264

Tax Period

2024-01-01 to 2024-12-31

Honorable Order of Kentucky Colonels Inc, founded in 1944, is a community nonprofit in the Community Improvement sector that reported $5.3M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $6.2M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE HONORABLE ORDER OF KENTUCKY COLONELS, INC. GRANTS MONEY TO 501(C)(3) OR OTHER EXEMPT ENTITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,855,574

Program Service Revenue $124,761

Investment Income $2,112,600

Other Revenue $189,867

TOTAL REVENUE $5,282,802

Expense Breakdown

Grants Paid $4,533,108

Salaries & Benefits $661,232

Fundraising Expenses $1,023,185

Program Expenses $4,683,780

Other Expenses $1,008,845

TOTAL EXPENSES $6,203,185

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,282,802	$4,514,179	+0.2%
Expenses	$6,203,185	$6,777,993	-0.1%
Net Income	$-920,383	$-2,263,814	-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

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

$272,198

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX LYTTLE	TREASURER	0.5	Officer Director	$0	$0	$0
GARY BOSCHERT	COMMANDING GENERAL	0.5	Officer Director	$0	$0	$0
NICK ISING	ADJUTANT GENERAL	0.5	Officer Director	$0	$0	$0
TAD MYRE	SECRETARY	0.5	Officer Director	$0	$0	$0
DEBORAH WILLIAMS	TRUSTEE	0.5	Director	$0	$0	$0
FRED MINNICK	TRUSTEE	0.5	Director	$0	$0	$0
HAL SULLIVAN	TRUSTEE	0.5	Director	$0	$0	$0
JEFF KENNEDY	TRUSTEE	0.5	Director	$0	$0	$0
JEFF PAQUIN	TRUSTEE	0.5	Director	$0	$0	$0
JIM ROGERS	TRUSTEE	0.5	Director	$0	$0	$0
KIM LEANHART	TRUSTEE	0.5	Director	$0	$0	$0
LYNN ASHTON	TRUSTEE	0.5	Director	$0	$0	$0
MARY VITALE	TRUSTEE	0.5	Director	$0	$0	$0
MOLLY SUTHERLAND	TRUSTEE	0.5	Director	$0	$0	$0
RICK HOBGOOD	TRUSTEE	0.5	Director	$0	$0	$0
WADE CONNER	TRUSTEE	0.5	Director	$0	$0	$0
GERARD KAUFFMANN	DIRECTOR OF FINANCE	17.0	Officer	$80,954	$0	$80,954
SHERRY CROSE	EXECUTIVE DIRECTOR	40.0	Officer	$191,244	$0	$191,244

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	$5,282,802	$6,203,185	$23,508,357	$-920,383
2023	$4,514,179	$6,777,993	$22,603,376	$-2,263,814
2022	$5,665,961	$6,261,747	$22,834,295	$-595,786
2021	$7,737,250	$3,629,814	$26,720,048	$4,107,436
2020	$3,774,310	$4,344,005	$20,472,188	$-569,695
2019	$3,329,395	$3,044,509	$20,466,090	$284,886
2018	$2,953,193	$2,992,313	$17,347,184	$-39,120

Honorable Order of Kentucky Colonels Inc