LOUISVILLE, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE ASSOCIATION PROVIDES A MECHANISM FOR PAYMENT OF COVERED CLAIMS UNDER PROPERTY AND CASUALTY INSURANCE POLICIES BECAUSE OF THE INSOLVENCY OF THE INSURER AND ALSO ASSISTS IN DETECTING AND PREVENTING INSURER INSOLVENCIES.
PROVIDE A MECHANISM FOR PAYMENT OF COVERED CLAIMS UNDER PROPERTY AND CASUALTY INSURANCE POLICIES BECAUSE OF THE INSOLVENCY OF THE INSURER AND ALSO ASSISTS IN DETECTING AND PREVENTING INSURER...
PROVIDE A MECHANISM FOR PAYMENT OF COVERED CLAIMS UNDER PROPERTY AND CASUALTY INSURANCE POLICIES BECAUSE OF THE INSOLVENCY OF THE INSURER AND ALSO ASSISTS IN DETECTING AND PREVENTING INSURER INSOLVENCIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare KENTUCKY INSURANCE GUARANTY ASSOCIATION with other nonprofits in Kentucky and across the country.