KENTUCKY FOREST INDUSTRIES ASSOCIATION INC (EIN 610658804) - 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

Legal Domicile

Principal Officer

JAMES WRIGHT

Phone

5026953979

Tax Period

2024-06-01 to 2025-05-31

KENTUCKY FOREST INDUSTRIES ASSOCIATION INC, founded in 1965, is a small nonprofit that reported $341K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Net assets of $718K represent 25 months of operating reserves.

Mission

THE PURPOSE OF KFIA IS TO PROMOTE THE ECONOMIC WELFARE AND INTERESTS OF KENTUCKY'S WOOD INDUSTRY. THE ASSOCIATION HAS A WIDE RANGE OF MEMBERSHIP AND IS DESIGNED TO ASSIST PRIMARY AND SECONDARY LANDOWNERS, LOGGERS, AND SERVICE INDUSTRY MEMBERS. CONSERVATION, SUSTAINING QUALITY FOREST RESOURCES FOR THE FUTURE AND WORKING WITH AGENCIES AND PROGRAMS TO PROMOTE THE FUTURE OF THE INDUSTRY WHILE PROTECTING ALL FOREST USERS ARE THE MAJOR GOALS OF KFIA.

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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 $122,748

Program Service Revenue $189,010

Investment Income $6,538

Other Revenue $23,200

TOTAL REVENUE $341,496

Expense Breakdown

Grants Paid $0

Salaries & Benefits $166,052

Fundraising Expenses $0

Other Expenses $206,752

TOTAL EXPENSES $372,804

Year-over-Year Comparison

	2024	2023	Change
Revenue	$341,496	$406,382	-0.2%
Expenses	$372,804	$395,506	-0.1%
Net Income	$-31,308	$10,876	-3.9%

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

$100,095

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT J BAUER	RETIRED EXEC	40.00	Officer	$90,869	$2,726	$93,595
JAMES WRIGHT	EXECUTIVE DI	40.00	Officer	$6,500	$0	$6,500
BOBBY ATKINSON	DIRECTOR	N/A	Director	$0	$0	$0
BEN BEVINS	DIRECTOR	N/A	Director	$0	$0	$0
JOE BROWN	DIRECTOR	N/A	Director	$0	$0	$0
PAUL BYLER	DIRECTOR	N/A	Director	$0	$0	$0
TOM DEFILIPPO	PRESIDENT	N/A	Officer Director	$0	$0	$0
RYAN DRAKE	DIRECTOR	N/A	Director	$0	$0	$0
DERON HARRIS	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES COURTNEY II	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
WILLIAM LARKEY	DIRECTOR	N/A	Director	$0	$0	$0
PAUL MAXWELL	DIRECTOR	N/A	Director	$0	$0	$0
JOHN REINSTETLE	DIRECTOR	N/A	Director	$0	$0	$0
KENNY SMITH	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN TUDOR	DIRECTOR	N/A	Director	$0	$0	$0
CANON VICE	DIRECTOR	N/A	Director	$0	$0	$0
ERIKA YORK	SECRETARY/TR	N/A	Officer 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	$341,496	$372,804	$722,007	$-31,308
2024	$406,382	$395,506	$754,998	$10,876
2023	$341,900	$340,231	$744,149	$1,669
2022	$413,507	$391,019	$742,006	$22,488
2021	$296,284	$316,853	$719,557	$-20,569

KENTUCKY FOREST INDUSTRIES ASSOCIATION INC