KENTUCKY RETIRED TEACHERS ASSOCIAT… - Form 990 Financial Data

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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

DONALD T ABRAMS

Phone

5022315802

Tax Period

2023-07-01 to 2024-06-30

KENTUCKY RETIRED TEACHERS ASSOCIATION INC, founded in 1980, is a small nonprofit that reported $772K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $704K left a modest 9% surplus.

Mission

TO PROMOTE THE ECONOMIC, SOCIAL AND PROFESSIONAL INTERESTS OF RETIRED TEACHERS. TO ACT ON BEHALF OF RETIRED TEACHERS IN MATTERS INVOLVING THEIR NEEDS SUCH AS LEGISLATION AND COMMUNITY EFFORTS. TO AFFORD OPPORTUNITY FOR THE EXPRESSION AND INTERCHANGE OF OPINIONS ON MATTERS OF SPECIAL INTEREST TO ALL RETIRED TEACHERS.

Program Service Accomplishments

Program 1

Expenses: $20,004

THE ASSOCIATION PROVIDES A TELEPHONE HOTLINE TO ANSWER LEGAL QUESTIONS (LEGALINE).

Program 2

Expenses: $107,422

THE ASSOCIATION PROVIDES A NEWSLETTER, KRTA NEWS, TO ALL MEMBERS

Program 3

Expenses: $201,785

THE ASSOCIATION PROVIDES MEETINGS AND WORKSHOPS FOR RETIRED TEACHERS. THE ASSOCIATION COVERS ALL COSTS FOR THESE FUNCTIONS FOR THEIR MEMBERS. DURING CURRENT FISCAL YEAR, MONIES WERE RECEIVED AS...

THE ASSOCIATION PROVIDES MEETINGS AND WORKSHOPS FOR RETIRED TEACHERS. THE ASSOCIATION COVERS ALL COSTS FOR THESE FUNCTIONS FOR THEIR MEMBERS. DURING CURRENT FISCAL YEAR, MONIES WERE RECEIVED AS SPONSORSHIPS TO HELP DEFRAY A PORTION OF THE COSTS.

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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 $616,364

Program Service Revenue $15,639

Investment Income $130,784

Other Revenue $9,133

TOTAL REVENUE $771,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $231,941

Fundraising Expenses $0

Program Expenses $329,211

Other Expenses $471,920

TOTAL EXPENSES $703,861

Year-over-Year Comparison

	2023	2022	Change
Revenue	$771,920	$703,480	+0.1%
Expenses	$703,861	$699,595	+0.0%
Net Income	$68,059	$3,885	+16.5%

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

$136,783

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE GILLESPIE	PRESIDENT	5.00	Officer Director	$0	$0	$0
RICK TATUM	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ANN PORTER	PRESIDENT - ELECT	5.00	Officer Director	$0	$0	$0
GOLDEN HALE	EXEC COUNCIL	5.00	Officer Director	$0	$0	$0
TARA PARKER	EXEC COUNCIL	5.00	Director	$0	$0	$0
JOANN MCCAUGHAN	EXEC COUNCIL	5.00	Director	$0	$0	$0
ROBERT ADAMS	EXEC COUNCIL	5.00	Director	$0	$0	$0
BEVERLY MARTIN	EXEC COUNCIL	5.00	Director	$0	$0	$0
HENRIETTA SHEFFEL	EXEC COUNCIL	5.00	Director	$0	$0	$0
MEG JUDD	EXEC COUNCIL	5.00	Director	$0	$0	$0
TISHANA CUNDIFF	EXEC COUNCIL	5.00	Director	$0	$0	$0
FRED TILSLEY	EXEC COUNCIL	5.00	Director	$0	$0	$0
ELLIE THOMPSON	EXEC COUNCIL	5.00	Director	$0	$0	$0
SANDY ANDERSON	EXEC COUNCIL	5.00	Director	$0	$0	$0
REBECCA HUDSON BROWN	EXEC COUNCIL	5.00	Director	$0	$0	$0
ARTHUR GREEN	EXEC COUNCIL	5.00	Director	$0	$0	$0
MARTHA STEPP	EXEC COUNCIL	5.00	Director	$0	$0	$0
SUE ELLEN CALDWELL	EXEC COUNCIL	5.00	Director	$0	$0	$0
DONALD T ABRAMS	EXECUTIVE DIRECTOR	35.00	Officer	$62,100	$0	$62,100
GREGORY ROUSH	DEPUTY EXECUTIVE DIRECTOR	30.00	Officer	$55,508	$0	$55,508
BRENDA MEREDITH	COMMUNICATIONS/EDITOR	30.00	Officer	$19,175	$0	$19,175

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	$771,920	$703,861	$2,277,998	$68,059
2023	$703,480	$699,595	$2,048,004	$3,885
2022	$830,813	$700,060	$1,809,664	$130,753
2021	$957,355	$562,469	$2,244,860	$394,886
2020	$730,486	$609,890	$1,661,483	$120,596
2019	$763,918	$708,440	$1,517,490	$55,478

KENTUCKY RETIRED TEACHERS ASSOCIATION INC