PROFESSIONAL INSURANCE AGENTS OF KENTUCKY INC (EIN 610605692) - 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

Principal Officer

MATT NIEHAUS

Phone

5028753888

Tax Period

2024-07-01 to 2025-06-30

PROFESSIONAL INSURANCE AGENTS OF KENTUCKY INC, founded in 1944, is a small nonprofit that reported $287K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $467K exceeded revenue, resulting in a 63% operating deficit.

Mission

PROFESSIONAL INSURANCE AGENTS OF KENTUCKY, INC. ACCOMPLISHES ITS MISSION AND PURPOSE BY PROVIDING CONTINUING EDUCATION AND TRAINING FOR ITS MEMBERS AND THEIR EMPLOYEES OF TEH MEMBER FIRMS IN ORDER TO MAINTAIN HIGH QUALITY INSURANCE MARKETING AND SUPPORT STANDARDS IN THE STATE OF 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $111,632

Program Service Revenue $162,571

Investment Income $12,452

Other Revenue $0

TOTAL REVENUE $286,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $184,417

Fundraising Expenses $0

Program Expenses $467,427

Other Expenses $283,010

TOTAL EXPENSES $467,427

Year-over-Year Comparison

	2024	2023	Change
Revenue	$286,655	$383,977	-0.3%
Expenses	$467,427	$427,515	+0.1%
Net Income	$-180,772	$-43,538	+3.2%

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

Total Directors

$118,847

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT NIEHAUS	EXECUTIVE DI	40.00	Director	$118,847	$0	$118,847
TYLER AUSTIN	DIRECTOR	0.25	Director	$0	$0	$0
DAN BENNETT	DIRECTOR	0.25	Director	$0	$0	$0
CHAD BILZ	PAST PRESIDE	0.25	Director	$0	$0	$0
WEN GARTMAN	DIRECTOR	0.25	Director	$0	$0	$0
VAN HELTON	PRE-ELECT, S	2.00	Officer Director	$0	$0	$0
JAY KING	PRESIDENT	3.00	Officer Director	$0	$0	$0
ALLISON LUCKETT	DIRECTOR	0.25	Director	$0	$0	$0
JARED MORGAN	DIRECTOR	0.25	Director	$0	$0	$0
DAVID THORNTON	DIRECTOR	0.25	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	$286,655	$467,427	$244,509	$-180,772
2024	$383,977	$427,515	$425,281	$-43,538
2023	$403,571	$384,162	$469,437	$19,409
2022	$369,333	$326,922	$456,569	$42,411
2021	$367,859	$292,875	$415,498	$74,984
2020	$351,740	$322,939	$351,611	$28,801
2019	$363,202	$418,798	$349,557	$-55,596
2018	$431,146	$431,611	$408,939	$-465

PROFESSIONAL INSURANCE AGENTS OF KENTUCKY INC