KENTUCKY INSURANCE GUARANTY ASSOCIATION (EIN 610849486) - 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

1980

Legal Domicile

Principal Officer

KIM WEST

Phone

5023278909

Tax Period

2025-01-01 to 2025-12-31

KENTUCKY INSURANCE GUARANTY ASSOCIATION, founded in 1980, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2025. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $5.2M exceeded revenue, resulting in a 40% operating deficit.

Mission

PROVIDE PAYMENT OF INSURANCE CLAIMS DUE TO THE INSOLVENCY OF THE INSURER.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,952,083

Investment Income $781,208

Other Revenue $0

TOTAL REVENUE $3,733,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $555,738

Fundraising Expenses $0

Other Expenses $4,671,617

TOTAL EXPENSES $5,227,355

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,733,291	$12,142,002	-0.7%
Expenses	$5,227,355	$10,674,413	-0.5%
Net Income	$-1,494,064	$1,467,589	-2.0%

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

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

$206,425

Total Directors

$206,425

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BART ROWLAND	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MARC EVANS	TREASURER	1.00	Officer Director	$0	$0	$0
JANE BROADWATER LONG	DIRECTOR	1.00	Director	$0	$0	$0
JENA STONE	VICE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
STEPHEN KINKADE	DIRECTOR	1.00	Director	$0	$0	$0
KIM WEST	SECRETARY/EXECUTIVE DIRECTOR	40.00	Officer Director	$183,612	$22,813	$206,425
ABBY GRAVES	DIRECTOR	1.00	Director	$0	$0	$0
JIM NESTHEIDE	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
2025	$3,733,291	$5,227,355	$54,635,266	$-1,494,064
2024	$12,142,002	$10,674,413	$56,129,330	$1,467,589
2023	$4,610,383	$5,692,009	$54,661,741	$-1,081,626
2022	$1,377,031	$5,038,332	$55,743,367	$-3,661,301
2021	$3,964,156	$4,538,847	$59,404,668	$-574,691
2020	$6,928,406	$4,375,974	$59,994,893	$2,552,432
2019	$14,013,841	$5,376,798	$57,426,927	$8,637,043
2018	$14,249,762	$6,397,145	$48,789,884	$7,852,617

KENTUCKY INSURANCE GUARANTY ASSOCIATION