ASSOCIATION OF INDEPENDENT KENTUCKY COLLEGES AND UNIVERSITIES (EIN 610655540) - 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

1965

Principal Officer

MASON DYER

Phone

5026955007

Tax Period

2024-07-01 to 2025-06-30

ASSOCIATION OF INDEPENDENT KENTUCKY COLLEGES AND UNIVERSITIES, founded in 1965, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Net assets of $2.9M represent 29 months of operating reserves.

Mission

A CONSORTIUM OF REGIONALLY ACCREDITED, PRIVATELY FUNDED, ACADEMIC INSTITUTIONS 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $686,742

Program Service Revenue $413,571

Investment Income $112,363

Other Revenue $0

TOTAL REVENUE $1,212,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $688,812

Fundraising Expenses $0

Program Expenses $925,992

Other Expenses $121,206

TOTAL EXPENSES $1,288,282

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,212,676	$1,253,632	0.0%
Expenses	$1,288,282	$1,113,628	+0.2%
Net Income	$-75,606	$140,004	-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

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

$480,537

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MASON DYER	PRESIDENT	40.00	Officer	$205,523	$39,676	$245,199
KRISTA HUDSON	VP OF FINANC	40.00	Officer	$193,728	$41,610	$235,338
TERRY ALLCORN	DIRECTOR	2.00	Director	$0	$0	$0
ROSEMARY ALLEN	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN BROWN	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH L CHILLO	VICE-CHAIR	2.00	Director	$0	$0	$0
LARRY L COCKRUM	DIRECTOR	2.00	Director	$0	$0	$0
JAMES COUSINS	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN M DONOVAN	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH HOPKINS	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM T LUCKEY JR	DIRECTOR	2.00	Director	$0	$0	$0
ANNE KENWORTHY	DIRECTOR	2.00	Director	$0	$0	$0
BRIEN LEWIS	TREASURER	2.00	Director	$0	$0	$0
JOHN P MARSDEN	IMMEDIATE PA	2.00	Director	$0	$0	$0
MILTON C MORELAND	AT-LARGE MEM	2.00	Director	$0	$0	$0
CHERYL L NIXON	AT-LARGE MEM	2.00	Director	$0	$0	$0
MADISON C SILVERT	DIRECTOR	2.00	Director	$0	$0	$0
JAMES O STEPP	DIRECTOR	2.00	Director	$0	$0	$0
DJ WASHINGTON	DIRECTOR	2.00	Director	$0	$0	$0
BURTON J WEBB	CHAIR	2.00	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	$1,212,676	$1,288,282	$2,976,542	$-75,606
2024	$1,253,632	$1,113,628	$2,886,407	$140,004
2023	$1,015,170	$1,396,650	$2,652,368	$-381,480
2022	$1,877,546	$1,103,864	$2,858,741	$773,682
2021	$1,175,464	$1,118,008	$2,396,023	$57,456
2019	$1,174,191	$1,166,211	$2,179,030	$7,980

ASSOCIATION OF INDEPENDENT KENTUCKY COLLEGES AND UNIVERSITIES