Kentucky County Clerks Association

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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

Legal Domicile

Phone

8598246242

Tax Period

2023-01-01 to 2023-12-31

Kentucky County Clerks Association is a small nonprofit in the Public & Societal Benefit sector that reported $365K in total revenue in fiscal year 2023. Revenue surged 83% from the prior year, signaling strong growth momentum. Expenses of $520K exceeded revenue, resulting in a 43% operating deficit.

Mission

Function as an association to work together for the greater operation of all county clerks offices in KY.

Program Service Accomplishments

Program 1

Expenses: $399,968

Work together for better operation of county clerks offices in KY.

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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 $363,737

Program Service Revenue $0

Investment Income $1,081

Other Revenue $0

TOTAL REVENUE $364,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,865

Fundraising Expenses $0

Program Expenses $399,968

Other Expenses $468,092

TOTAL EXPENSES $519,957

Year-over-Year Comparison

	2023	2022	Change
Revenue	$364,818	$199,121	+0.8%
Expenses	$519,957	$295,168	+0.8%
Net Income	$-155,139	$-96,047	+0.6%

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

N/A

Employees

N/A

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

Total Directors

$51,865

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William May	Executive Dir.	10.00	Director	$51,865	$0	$51,865
Jason Denny	Financial Sec	5.00	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
2023	$364,818	$519,957	$474,770	$-155,139
2022	$199,121	$295,168	$629,909	$-96,047
2021	$402,175	$365,621	$664,300	$36,554
2020	$147,513	$161,000	$627,746	$-13,487
2019	$424,105	$309,751	$641,233	$114,354
2018	$344,837	$306,452	$526,879	$38,385