SPINDLETOP HALL INC (EIN 610669699) - 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

1962

Legal Domicile

Principal Officer

MATT POST

Phone

8592552777

Tax Period

2023-01-01 to 2023-12-31

SPINDLETOP HALL INC, founded in 1962, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

TO FOSTER A CLOSER RELATIONSHIP AMOUNG THE FACULTY, STAFF AND ALUMNI OF THE UNIVERSITY OF KENTUCKY THROUGH AN ORGANIZED PROGRAM OF EDUCATION, SOCIAL AND RECREATIONAL ACTIVITIES.

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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 $0

Program Service Revenue $2,186,072

Investment Income $0

Other Revenue $628,916

TOTAL REVENUE $2,814,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,832,700

Fundraising Expenses $0

Program Expenses $1,603,580

Other Expenses $1,107,425

TOTAL EXPENSES $2,940,125

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,814,988	$3,261,056	-0.1%
Expenses	$2,940,125	$2,658,316	+0.1%
Net Income	$-125,137	$602,740	-1.2%

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

160

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

$87,827

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT POST	GENERAL MANA	50.00	Officer	$87,827	$0	$87,827
RUSS THOMASON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JUDGE JOHN ADAMS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
COLIN LYNCH	TREASURER	1.00	Officer Director	$0	$0	$0
JONATHAN ALLISON	SECRETARY	1.00	Officer Director	$0	$0	$0
JASON BAIRD	DIRECTOR	1.00	Director	$0	$0	$0
ERRITT GRIGGS	DIRECTOR	1.00	Director	$0	$0	$0
KATHY HAMPERIAN	DIRECTOR	1.00	Director	$0	$0	$0
DR ARDIS HOVEN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD INGRAM	DIRECTOR	1.00	Director	$0	$0	$0
TOM KENNELLY	DIRECTOR	1.00	Director	$0	$0	$0
BEN KIDDER	DIRECTOR	1.00	Director	$0	$0	$0
JANIE MCKENZIE-WELLS	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP PIETROWSKI	DIRECTOR	1.00	Director	$0	$0	$0
MARY S VOSEVICH	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$2,814,988	$2,940,125	$1,973,270	$-125,137
2022	$3,261,056	$2,658,316	$2,095,939	$602,740
2021	$2,853,925	$2,253,627	$1,404,514	$600,298
2020	$1,497,307	$1,645,750	$978,341	$-148,443
2019	$2,670,446	$2,499,735	$1,038,270	$170,711
2018	$2,451,622	$2,421,978	$1,032,834	$29,644

SPINDLETOP HALL INC