KENTUCKY HIGHLANDS INVESTMENT CORP (EIN 610673339) - 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

1968

Legal Domicile

Principal Officer

JERRY RICKETT

Phone

6068645175

Tax Period

2024-04-01 to 2025-03-31

KENTUCKY HIGHLANDS INVESTMENT CORP, founded in 1968, is a community nonprofit that reported $8.2M in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.4M, a strong 17% operating margin.

Mission

TO PROVIDE AND RETAIN EMPLOYMENT OPPORTUNITIES IN SOUTHEASTERN KENTUCKY THROUGH SOUND INVESTMENTS AND MANAGEMENT ASSISTANCE.

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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 $2,685,169

Program Service Revenue $4,942,318

Investment Income $331,332

Other Revenue $227,326

TOTAL REVENUE $8,186,145

Expense Breakdown

Grants Paid $88,679

Salaries & Benefits $4,013,987

Fundraising Expenses $0

Program Expenses $5,623,070

Other Expenses $2,662,852

TOTAL EXPENSES $6,765,518

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,186,145	$20,341,978	-0.6%
Expenses	$6,765,518	$6,595,495	+0.0%
Net Income	$1,420,627	$13,746,483	-0.9%

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

$1,594,668

Total Directors

$70,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL BERTRAM	DIRECTOR	1.00	Director	$4,950	$0	$4,950
SAMUEL BROWN	DIRECTOR	1.00	Director	$4,500	$0	$4,500
JANE CARTER	DIRECTOR	1.00	Director	$4,500	$0	$4,500
RICHARD FOLEY	DIRECTOR	1.00	Director	$4,500	$0	$4,500
CLARENCE BO GREEN	DIRECTOR	1.00	Director	$4,050	$0	$4,050
GAYLE HOUSE	DIRECTOR	1.00	Director	$4,500	$0	$4,500
JENNIFER JONES	DIRECTOR	10.00	Director	$2,250	$0	$2,250
GREENE KEITH	DIRECTOR	1.00	Director	$4,950	$0	$4,950
LONNIE RILEY	DIRECTOR	1.00	Director	$3,600	$0	$3,600
WILLIAM SINGLETON	DIRECTOR	1.00	Director	$13,200	$0	$13,200
WILLIAM SMITH	DIRECTOR	1.00	Director	$4,050	$0	$4,050
SERENA STRATTON	DIRECTOR	1.00	Director	$3,600	$0	$3,600
PAULA LITTLE	DIRECTOR	1.00	Director	$4,950	$0	$4,950
AMY ELLIS	DIRECTOR	1.00	Director	$4,050	$0	$4,050
SHANE GABBARD	DIRECTOR	1.00	Director	$3,150	$0	$3,150
JERRY RICKETT	PRESIDENT/CEO	40.00	Officer	$504,125	$78,903	$583,028
BRENDA MCDANIEL	EXEC. VICE PRESIDENT/CFO	40.00	Officer	$475,965	$79,899	$555,864
MARK BOLINGER	VICE PRESIDENT OF BUSINESS	40.00	Officer	$283,920	$69,735	$353,655
RUBY ADAMS	SECRETARY	40.00	Officer	$66,348	$35,773	$102,121
EDGAR DAVIS	BUSINESS DEVELOPMENT SPECI	40.00		$176,699	$53,092	$229,791
RAY MONCRIEF	FORMER OFFICER	40.00		$0	$0	$90,000

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	$8,186,145	$6,765,518	$136,639,479	$1,420,627
2024	$20,341,978	$6,595,495	$136,294,056	$13,746,483
2023	$8,002,017	$6,425,860	$134,631,395	$1,576,157
2022	$9,285,837	$6,369,098	$130,461,604	$2,916,739
2021	$7,224,218	$6,011,598	$130,606,277	$1,212,620
2020	$6,725,781	$5,178,714	$98,197,417	$1,547,067
2019	$7,385,417	$5,658,702	$95,275,266	$1,726,715
2018	$7,533,558	$5,708,946	$96,891,765	$1,824,612

KENTUCKY HIGHLANDS INVESTMENT CORP