MUNICIPAL ELECTRIC POWER ASSOCIATION OF KENTUCKY INC (EIN 610889780) - 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

1975

Legal Domicile

Principal Officer

Annette Dupont-Ewing

Phone

5022232063

Tax Period

2023-07-01 to 2024-06-30

MUNICIPAL ELECTRIC POWER ASSOCIATION OF KENTUCKY INC, founded in 1975, is a micro nonprofit that reported $11K in total revenue in fiscal year 2023. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $140K exceeded revenue, resulting in a 1165% operating deficit.

Mission

To share knowledge of municipal electric power, water, wastewater, storm water and telecommunication utility industries with their members and citizens, to support progress for such municipal utilities in Kentucky cities and to influence governmental affairs at the state, local and federal levels.

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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 $11,050

Investment Income $18

Other Revenue $0

TOTAL REVENUE $11,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,231

Fundraising Expenses $0

Program Expenses $0

Other Expenses $20,750

TOTAL EXPENSES $139,981

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,068	$339,546	-1.0%
Expenses	$139,981	$443,809	-0.7%
Net Income	$-128,913	$-104,263	+0.2%

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

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

$112,812

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Annette DuPont-Ewing	Executive Director	40	Officer Highest	$68,551	$44,261	$112,812
Jeff Hurd	Director	1	Director	$0	$0	$0
Danny Quillen	Director	1	Director	$0	$0	$0
Mark Iverson	Director	1	Director	$0	$0	$0
Ronald W Herd	Director	1	Director	$0	$0	$0
Bill Borders	Director	1	Director	$0	$0	$0
Luke Craddock	Director	1	Director	$0	$0	$0
Chase Azevedo	Director	1	Director	$0	$0	$0
David Puskala	Director	1	Director	$0	$0	$0
Derrick Watson	Director	1	Director	$0	$0	$0
Chris Melton	Director	1	Director	$0	$0	$0
Marty Ivy	Director	1	Director	$0	$0	$0
Tony Thompson	Director	1	Director	$0	$0	$0
Bob Amato	Director	1	Director	$0	$0	$0
Tim Lyons	Director	1	Director	$0	$0	$0
Kevin Kizzee	Director	1	Director	$0	$0	$0
Thomas Doyle	Director	1	Director	$0	$0	$0
Bill Tom Stone	Director	1	Director	$0	$0	$0
Brad Bickett	Director	1	Director	$0	$0	$0
Zach Creech	Director	1	Director	$0	$0	$0
Brad Reed	Director	1	Director	$0	$0	$0
Mark Fisk	Director	1	Director	$0	$0	$0
Mike Withrow	Directror	1	Director	$0	$0	$0
Doug Handley	Director	1	Director	$0	$0	$0
Mark Christopher	Director	1	Director	$0	$0	$0
Roy Osborne	Director	1	Director	$0	$0	$0
Dave Carroll	President	1	Officer Director	$0	$0	$0
Dale Vowell	Treasurer and Secretary	1	Officer Director	$0	$0	$0
Kevin Howard	Vice President	1	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
2024	$11,068	$139,981	No data	$-128,913
2023	$339,546	$443,809	$140,176	$-104,263
2022	$342,436	$400,373	$238,899	$-57,937
2021	$415,986	$328,602	$303,209	$87,384

MUNICIPAL ELECTRIC POWER ASSOCIATION OF KENTUCKY INC