THE KENTUCKY ALL A CLASSIC INC

EIN: 611160268 501(c)(3)

ALBANY, KY

Total Revenue
$248,648
Total Expenses
$290,367
Total Assets
$199,771
Net Assets
$175,571
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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
1989
Legal Domicile
KY
Principal Officer
MIKE REEVES
Phone
6066880291
Tax Period
2023-07-01 to 2024-06-30

THE KENTUCKY ALL A CLASSIC INC, founded in 1989, is a small nonprofit that reported $249K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $290K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE ORGANIZATION HOSTS AND MANAGES HIGH SCHOOL BASKETBALL, BASEBALL, SOFTBALL, SOCCER, VOLLEYBALL AND GOLF TOURNAMNETS AND CHEERLEADING COMPETITIONS. THE NET PROCEEDS ARE USED TO AWARD COLLEGE SCHOLARSHIPS TO ELIGIBLE STUDENTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $90,200
Program Service Revenue $157,390
Investment Income $1,058
Other Revenue $0
TOTAL REVENUE $248,648

Expense Breakdown

Grants Paid $99,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $269,591
Other Expenses $191,367
TOTAL EXPENSES $290,367

Year-over-Year Comparison

2023 2022 Change
Revenue $248,648 $297,617 -0.2%
Expenses $290,367 $271,096 +0.1%
Net Income $-41,719 $26,521 -2.6%
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

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Governance

Voting Members
19
Independent Members
19
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
3
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY BINGHAM DIRECTOR N/A
Director
$0 $0 $0
RUSS BUCHANAN DIRECTOR N/A
Director
$0 $0 $0
TOM COLLINS DIRECTOR N/A
Director
$0 $0 $0
DAVE COWDEN DIRECTOR N/A
Director
$0 $0 $0
TIM DAVIS DIRECTOR N/A
Director
$0 $0 $0
LINDA EDMONDSON DIRECTOR N/A
Director
$0 $0 $0
LISA FISHER DIRECTOR N/A
Director
$0 $0 $0
JASON HINSON DIRECTOR N/A
Director
$0 $0 $0
TODD MESSER DIRECTOR N/A
Director
$0 $0 $0
CD MORTON DIRECTOR N/A
Director
$0 $0 $0
CHAD RUDD DIRECTOR N/A
Director
$0 $0 $0
RHONDA SIMPSON DIRECTOR N/A
Director
$0 $0 $0
RICKY THACKER DIRECTOR N/A
Director
$0 $0 $0
JODY THORNSBERRY DIRECTOR N/A
Director
$0 $0 $0
CHRIS VAUGHN DIRECTOR N/A
Director
$0 $0 $0
VIKKI WOFFORD DIRECTOR N/A
Director
$0 $0 $0
MIKE DUNCAN EXECUTIVE CO N/A
Officer
$0 $0 $0
GARY MUNSIE CHAIRMAN N/A
Officer
$0 $0 $0
MIKE REEVES SECRETARY/TR N/A
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 $248,648 $290,367 $199,771 $-41,719
2023 $297,617 $271,096 $241,490 $26,521
2022 $310,106 $320,588 $190,769 $-10,482
2021 $175,569 $206,425 $203,252 $-30,856
2020 $304,523 $281,878 $234,106 $22,645
2019 $236,548 $258,399 $205,462 $-21,851
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