KENTUCKY SEED IMPROVEMENT ASSOCIATION INC (EIN 610544959) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1944

Legal Domicile

Principal Officer

WILLIAM COX

Phone

8592180995

Tax Period

2023-01-01 to 2023-12-31

KENTUCKY SEED IMPROVEMENT ASSOCIATION INC, founded in 1944, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $155K in total revenue in fiscal year 2023. Expenses of $200K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO FOSTER THE PRODUCTION OF CERTIFIED SEED IN ALL FIELDS OF CROPS APPROVED FOR CERTIFICATION SEED AS PROVIDED IN IRC 250.170-250.230

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $155,468

Investment Income $11

Other Revenue $0

TOTAL REVENUE $155,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,568

Fundraising Expenses $0

Program Expenses $196,779

Other Expenses $97,398

TOTAL EXPENSES $199,966

Year-over-Year Comparison

	2023	2022	Change
Revenue	$155,479	$152,364	+0.0%
Expenses	$199,966	$189,574	+0.1%
Net Income	$-44,487	$-37,210	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
CLYDE JACKSON	DIRECTOR	Director	$0	$0	$0
ADAM ANDREWS	DIRECTOR	Director	$0	$0	$0
JIM LONG	DIRECTOR	Director	$0	$0	$0
BILL TALLEY	DIRECTOR	Director	$0	$0	$0
PAT CLEMENTS	PRESIDENT	Officer	$0	$0	$0
CHARLES PETTY	VICE PRESIDENT	Officer	$0	$0	$0
BEN EGGETT	SECRETARY	Officer	$0	$0	$0
TERRY WORKMAN	TREASURER	Officer	$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	$155,479	$199,966	$5,799	$-44,487
2022	$152,364	$189,574	$51,386	$-37,210
2021	$168,137	$198,147	$88,673	$-30,010
2020	$162,130	$198,578	$118,688	$-36,448
2019	$219,058	$232,624	$154,872	$-13,566
2018	$252,710	$264,950	$168,429	$-12,240

KENTUCKY SEED IMPROVEMENT ASSOCIATION INC