KENTUCKY EDUCATIONAL DEVELOPME CORPORATION (EIN 610659010) - 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

NANCY HUTCHINSON

Tax Period

2023-07-01 to 2024-06-30

KENTUCKY EDUCATIONAL DEVELOPME CORPORATION, founded in 1965, is a mid-sized nonprofit that reported $20.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $19.6M left a modest 5% surplus.

Mission

PROVIDING GRANT AND CONTRACT WRITING, TECHNOLOGY SUPPORT, PAYROLL AND PROFESSIONAL DEVELOPMENT SERVICES FOR MEMBER SCHOOL DISTRICTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,122,111

Program Service Revenue $9,343,630

Investment Income $254,654

Other Revenue $0

TOTAL REVENUE $20,720,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,725,944

Fundraising Expenses $0

Program Expenses $12,862,618

Other Expenses $10,897,320

TOTAL EXPENSES $19,623,264

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,720,395	$18,651,211	+0.1%
Expenses	$19,623,264	$17,579,562	+0.1%
Net Income	$1,097,131	$1,071,649	+0.0%

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

N/A

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

$122,154

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK KOPP	BOARD MEMBER	2	Director	$0	$0	$0
EARL R SHULER	BOARD MEMBER	2	Director	$0	$0	$0
TONY WELLS	BOARD MEMBER	2	Director	$0	$0	$0
MICHAEL ROWE	BOARD MEMBER	2	Director Key Emp	$0	$0	$0
CHAD COLLINS	GEN COUNSEL	40	Key Emp	$122,154	$0	$122,154
DAVID ARVIN	BOARD MEMBER	2	Director	$0	$0	$0
T MORESEA	BOARD MEMBER	2	Director	$0	$0	$0
CHARLES MORTON	BOARD MEMBER	2	Director	$0	$0	$0
HARRY BURCHETT	BOARD MEMBER	2	Director	$0	$0	$0
RENEE SMITH	BOARD MEMBER	2	Director	$0	$0	$0
WAYNE SIZEMORE	BOARD MEMBER	2	Director	$0	$0	$0
DAMIAN JOHNSON	BOARD MEMBER	2	Director	$0	$0	$0
SARA CRUM	BOARD MEMBER	2	Director	$0	$0	$0
THOM COCHRAN	BOARD CHAIR	2	Director	$0	$0	$0
BRENT HOOVER	BOARD MEMBER	2	Director	$0	$0	$0
JEREMY LEDFORD	BOARD MEMBER	2	Director	$0	$0	$0
DENISE GRIEBEL	BOARD MEMBER	2	Director	$0	$0	$0
KATIE WEBB	BOARD MEMBER	2	Director	$0	$0	$0
LISA MCCANE	BOARD MEMBER	2	Director	$0	$0	$0
DR PAUL GREEN	BOARD MEMBER	2	Director	$0	$0	$0
WILLIAM SEXTON	BOARD MEMBER	2	Director	$0	$0	$0
TOM GAMBREL	BOARD MEMBER	2	Director	$0	$0	$0
MICHAEL MELTON	BOARD MEMBER	2	Director	$0	$0	$0
BILL BOBLETT	BOARD MEMBER	2	Director	$0	$0	$0
DENNIS MESSER	BOARD MEMBER	2	Director	$0	$0	$0
STEVEN EVANS	BOARD MEMBER	2	Director	$0	$0	$0
DIANE HATCHETT	BOARD MEMBER	2	Director	$0	$0	$0
DR L BEGLEY	BOARD MEMBER	2	Director	$0	$0	$0
PHILLIP WATTS	BOARD MEMBER	2	Director	$0	$0	$0
KIRBY SMITH	BOARD MEMBER	2	Director	$0	$0	$0
BARRY LEE	BOARD MEMBER	2	Director	$0	$0	$0
DUSTIN HOWARD	BOARD MEMBER	2	Director	$0	$0	$0
DAVID COX	BOARD MEMBER	2	Director	$0	$0	$0
RON BALLARD	BOARD MEMBER	2	Director	$0	$0	$0
VICKI JONES	BOARD MEMBER	2	Director	$0	$0	$0
PAUL MULLINS	BOARD MEMBER	2	Director	$0	$0	$0
DOLLY FANNIN	BOARD MEMBER	2	Director	$0	$0	$0
CHARLES BROCK	BOARD MEMBER	2	Director	$0	$0	$0
JACKIE HAWLEY	BOARD MEMBER	2	Director	$0	$0	$0
D LIGGINS	BOARD MEMBER	2	Director	$0	$0	$0
B CRESSMAN	BOARD MEMBER	2	Director	$0	$0	$0
T WILLIAMS	BOARD MEMBER	2	Director	$0	$0	$0
SHERRI SATTERL	BOARD MEMBER	2	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	No data	No data	No data	No data
2024	$20,720,395	$19,623,264	$11,089,915	$1,097,131
2023	$18,651,211	$17,579,562	$9,392,206	$1,071,649
2022	$13,562,603	$12,613,108	$6,829,456	$949,495
2021	$11,298,796	$10,141,197	$6,070,827	$1,157,599
2020	$10,059,667	$10,246,469	$6,318,045	$-186,802
2019	$14,246,808	$14,377,270	$6,070,830	$-130,462
2018	$12,596,448	$12,409,230	$5,209,141	$187,218

KENTUCKY EDUCATIONAL DEVELOPME CORPORATION