KENTUCKY FUTURE FARMERS OF AMERICA FOUNDATION INC (EIN 611126081) - 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

1930

Legal Domicile

Principal Officer

SHELDON MCKINNEY

Phone

6067824620

Tax Period

2024-01-01 to 2024-12-31

KENTUCKY FUTURE FARMERS OF AMERICA FOUNDATION INC, founded in 1930, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $360K, a strong 22% operating margin.

Mission

TO MAKE A POSITIVE DIFFERENCE IN THE LIVES OF STUDENTS BY DEVELOPING THIER POTENTIAL FOR PREMIER LEADERSHIP, PERSONAL GROWTH, AND CAREER SUCCESS THROUGH AGRICULTURAL EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $787,301

Program Service Revenue $310,401

Investment Income $343,929

Other Revenue $218,816

TOTAL REVENUE $1,660,447

Expense Breakdown

Grants Paid $327,258

Salaries & Benefits $280,848

Fundraising Expenses $0

Program Expenses $1,133,741

Other Expenses $691,978

TOTAL EXPENSES $1,300,084

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,660,447	$1,904,274	-0.1%
Expenses	$1,300,084	$1,212,255	+0.1%
Net Income	$360,363	$692,019	-0.5%

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

$88,953

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE KELLY	TRUSTEE	0.50	Director	$0	$0	$0
JAMES BALLINGER	ALUMNI REPRESENTATIVE	0.50	Director	$0	$0	$0
DANIEL BUSTLE	TRUSTEE	0.50	Director	$0	$0	$0
MATT CHATLIFF	SECRETARY	0.50	Officer Director	$0	$0	$0
TERRY ASHBY	TRUSTEE	0.50	Officer Director	$0	$0	$0
DR MIKE MCDERMOTT	TRUSTEE	0.50	Director	$0	$0	$0
SHARON FURCHES	TRUSTEE	0.50	Director	$0	$0	$0
KIRBY GREEN	TRUSTEE	0.50	Director	$0	$0	$0
NICK CARTER	TRUSTEE	0.50	Director	$0	$0	$0
LUANN COFFEY	TRUSTEE	0.50	Director	$0	$0	$0
DWIGHT SEARS	TRUSTEE	0.50	Director	$0	$0	$0
KRISTAN WRIGHT	TRUSTEE	0.50	Director	$0	$0	$0
ANTHONY KOCH	TRUSTEE	0.50	Director	$0	$0	$0
BILLY RAY SMITH	TRUSTEE	0.50	Director	$0	$0	$0
MARY BETH SHACKELFORD	TRUSTEE	0.50	Director	$0	$0	$0
JOHNNY MARTIN	TRUSTEE	0.50	Director	$0	$0	$0
PETERSON CAROLINE MEEHAN	TRUSTEE	0.50	Director	$0	$0	$0
JONATHAN SHELL	TRUSTEE	0.50	Director	$0	$0	$0
JONATHAN WEST	TRUSTEE	0.50	Director	$0	$0	$0
SHELDON MCKINNEY	EXECUTIVE DIRECTOR	40.00	Officer	$88,953	$0	$88,953

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	$1,660,447	$1,300,084	$7,744,977	$360,363
2023	$1,904,274	$1,212,255	$7,044,242	$692,019
2022	$1,581,838	$1,091,612	$6,579,949	$490,226
2021	$2,807,813	$898,843	$6,654,704	$1,908,970
2020	$1,040,923	$841,049	$5,445,851	$199,874
2019	$959,443	$976,379	$4,650,170	$-16,936
2018	$1,021,557	$782,970	$4,032,912	$238,587

KENTUCKY FUTURE FARMERS OF AMERICA FOUNDATION INC