Mental Health Association of Kentucky Inc (EIN 610662261) - 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

1951

Legal Domicile

Principal Officer

Marcie Timmerman

Phone

8596847778

Tax Period

2023-01-01 to 2023-12-31

Mental Health Association of Kentucky Inc, founded in 1951, is a small nonprofit that reported $321K in total revenue in fiscal year 2023. Revenue surged 116% from the prior year, signaling strong growth momentum. Expenses of $312K left a modest 3% surplus.

Mission

To improve the accessibility and quality of mental health and substance use services through advocacy with local, state and federal policy-makers, education of the public and promotion of research-based practices among providers

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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 $280,916

Program Service Revenue $9,585

Investment Income $27,486

Other Revenue $3,457

TOTAL REVENUE $321,444

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,090

Fundraising Expenses $11,059

Program Expenses $248,869

Other Expenses $190,452

TOTAL EXPENSES $311,542

Year-over-Year Comparison

	2023	2022	Change
Revenue	$321,444	$148,941	+1.2%
Expenses	$311,542	$178,891	+0.7%
Net Income	$9,902	$-29,950	-1.3%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Malone RN	President	2.00	Officer Director	$0	$0	$0
Sheila Schuster PhD	Vice President	2.00	Officer Director	$0	$0	$0
Andrea Jones	Treasurer	2.00	Officer Director	$0	$0	$0
William McCann	Secretary	2.00	Officer Director	$0	$0	$0
Rachelle Seger	Board Member	2.00	Director	$0	$0	$0
Angela Judd	Board Member	2.00	Director	$0	$0	$0
Marcie Timmerman	Executive Director	40.00	Key Emp	$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
2024	No data	No data	No data	No data
2023	$321,444	$311,542	$1,028,740	$9,902
2022	$148,941	$178,891	$902,836	$-29,950
2021	$64,252	$85,394	$1,136,433	$-21,142
2020	$37,734	$58,902	$1,063,230	$-21,168
2019	$203,012	$81,677	$979,271	$121,335
2018	$59,396	$76,320	$894,642	$-16,924

Mental Health Association of Kentucky Inc