KENTUCKY GAS ASSOCIATION INC (EIN 610666358) - 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

1967

Legal Domicile

Phone

2702931101

Tax Period

2024-07-01 to 2025-06-30

KENTUCKY GAS ASSOCIATION INC, founded in 1967, is a small nonprofit that reported $381K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $60K, a strong 16% operating margin.

Mission

ADVANCEMENT AND GROWTH OF THE GAS INDUSTRY 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 $109,524

Program Service Revenue $243,236

Investment Income $27,786

Other Revenue $0

TOTAL REVENUE $380,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,652

Fundraising Expenses $0

Program Expenses $314,510

Other Expenses $194,531

TOTAL EXPENSES $320,183

Year-over-Year Comparison

	2024	2023	Change
Revenue	$380,546	$408,398	-0.1%
Expenses	$320,183	$293,592	+0.1%
Net Income	$60,363	$114,806	-0.5%

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

N/A

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

$66,988

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY MORTON	Executive Dir.	40.00	Officer	$66,988	$0	$66,988
JONATHAN MORPHEW	Director	1.00	Director	$0	$0	$0
SEAN JONES	Director	1.00	Director	$0	$0	$0
KIM AUSTIN	Director	2.00	Officer Director	$0	$0	$0
KLAY KUHNS	Director	1.00	Director	$0	$0	$0
TIM CLAYTON	Director	2.00	Officer Director	$0	$0	$0
JEFF DYER	Director	1.00	Director	$0	$0	$0
GABRIEL WOOD	Director	1.00	Director	$0	$0	$0
MATTHEW HOBBS	Director	1.00	Director	$0	$0	$0
MIKE COLEMAN	Director	1.00	Director	$0	$0	$0
JOE HUNLEY SR	Director	1.00	Director	$0	$0	$0
SCOTT SMITH	Director	1.00	Director	$0	$0	$0
BRUCE NEELY	President	1.00	Director	$0	$0	$0
CHRIS YOUNG	Director	1.00	Director	$0	$0	$0
TOM REITH	Director	2.00	Officer Director	$0	$0	$0
PATRICK KEAL	Director	1.00	Director	$0	$0	$0
TERRY ROACH	Treasurer	2.00	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	$380,546	$320,183	$942,429	$60,363
2024	$408,398	$293,592	$873,195	$114,806
2023	$383,694	$303,146	$758,371	$80,548
2022	$337,309	$321,299	$677,772	$16,010
2021	$220,441	$177,544	$661,739	$42,897
2020	$331,392	$200,492	$616,588	$130,900
2019	$365,075	$265,166	$485,994	$99,909
2018	$379,553	$274,474	$385,474	$105,079

KENTUCKY GAS ASSOCIATION INC