HEART OF KENTUCKY ASSOCIATION OF REALTORS INC (EIN 610931657) - 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

1974

Legal Domicile

Principal Officer

CORI ZARING

Phone

2707654846

Tax Period

2023-01-01 to 2023-12-31

HEART OF KENTUCKY ASSOCIATION OF REALTORS INC, founded in 1974, is a small nonprofit that reported $718K in total revenue in fiscal year 2023. The organization ran a surplus of $130K, a strong 18% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROMOTE AND PROTECT REAL PROPERTY OWNERSHIP, PROVIDE ASSISTANCE, RESOURCES AND SHARED EXPENSES FOR LOCAL REALTORS AND AFFILIATES WHILE STRENGTHENING THE REALTOR IMAGE AND IMPROVING THE QUALITY OF LIFE IN OUR COMMUNITY.

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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 $527,144

Program Service Revenue $93,591

Investment Income $1,738

Other Revenue $95,473

TOTAL REVENUE $717,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,145

Fundraising Expenses $0

Other Expenses $475,579

TOTAL EXPENSES $587,724

Year-over-Year Comparison

	2023	2022	Change
Revenue	$717,946	$686,376	+0.0%
Expenses	$587,724	$610,472	0.0%
Net Income	$130,222	$75,904	+0.7%

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

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

$50,961

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY DUVALL	EXECUTIVE DI	40.00	Officer	$50,961	$0	$50,961
GREG BROWNFIELD	DIRECTOR	1.00	Director	$0	$0	$0
PAM FEATHERSTONE	DIRECTOR	1.00	Director	$0	$0	$0
CODY HELLARD	DIRECTOR	1.00	Director	$0	$0	$0
BRITTANY JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
AARON PENNINGTON	DIRECTOR	1.00	Director	$0	$0	$0
JESSIE SPEAKS	DIRECTOR	1.00	Director	$0	$0	$0
TARA WILSON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN CLARK	PAST PRESIDE	1.00	Officer	$0	$0	$0
ROBIN COLE	SECRETARY	1.00	Officer	$0	$0	$0
REGINA PARKER	TREASURER	1.00	Officer	$0	$0	$0
MIKE THOMAS	PRESIDENT EL	1.00	Officer	$0	$0	$0
ELLEN THOMPSON	TREASURER EL	1.00	Officer	$0	$0	$0
CORI ZARING	PRESIDENT	1.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$717,946	$587,724	$1,246,081	$130,222
2022	$686,376	$610,472	$1,130,741	$75,904
2021	$531,698	$507,795	$1,052,859	$23,903
2020	$439,479	$469,182	$1,034,288	$-29,703
2019	$434,763	$422,159	$1,056,392	$12,604
2018	$420,435	$421,727	$1,045,713	$-1,292

HEART OF KENTUCKY ASSOCIATION OF REALTORS INC