Kentucky Real Estate Education Found Kentucky Realtor Institute (EIN 611185625) - 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

1990

Legal Domicile

Principal Officer

Josh D Summers

Phone

8592637377

Tax Period

2024-01-01 to 2024-12-31

Kentucky Real Estate Education Found Kentucky Realtor Institute, founded in 1990, is a small nonprofit in the Education sector that reported $162K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $259K exceeded revenue, resulting in a 60% operating deficit.

Mission

PROMOTE THE DEVELOPMENT OF REAL ESTATE COURSES AND PRESENT AND SUPPORT THE REAL ESTATE EDUCATIONAL PROGRAMS AND SEMINARS FOR THE REAL ESTATE INDUSTRY AND THE PUBLIC

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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 $0

Program Service Revenue $151,761

Investment Income $9,912

Other Revenue $0

TOTAL REVENUE $161,673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $166,875

Other Expenses $258,885

TOTAL EXPENSES $258,885

Year-over-Year Comparison

	2024	2023	Change
Revenue	$161,673	$258,751	-0.4%
Expenses	$258,885	$223,799	+0.2%
Net Income	$-97,212	$34,952	-3.8%

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

N/A

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

$251,025

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Josh Summers	CEO	1.00	Officer	$0	$0	$251,025
Randy Newsome	Imm Past Pres	0.25	Director	$0	$0	$0
Norman Jones	President	0.25	Director	$0	$0	$0
Barbara Flannery	Pres-Elect	0.25	Director	$0	$0	$0
Janette DeWitt	Treasurer	0.25	Director	$0	$0	$0
Brenda Gooslin	Treas-Elect	0.25	Director	$0	$0	$0
Larry Disney	Trustee	0.25	Director	$0	$0	$0
Marcie Estepp	Trustee	0.25	Director	$0	$0	$0
Pamela Featherstone	Trustee	0.25	Director	$0	$0	$0
Dustin Gilbert	Trustee	0.25	Director	$0	$0	$0
Sara Gipson	Trustee	0.25	Director	$0	$0	$0
Lori Kimble	Trustee	0.25	Director	$0	$0	$0
Kimberly Myers	Trustee	0.25	Director	$0	$0	$0
Sandy Newell	Trustee	0.25	Director	$0	$0	$0
Kimberly Sickles	Trustee	0.25	Director	$0	$0	$0
Jen Sendimen	Trustee	0.25	Director	$0	$0	$0
Robin Roseberry	Trustee	0.25	Director	$0	$0	$0
Barbara Curtis	Trustee	0.25	Director	$0	$0	$0
Al Blevins	Trustee	0.25	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
2024	$161,673	$258,885	$718,256	$-97,212
2022	$263,528	$226,140	$763,202	$37,388
2021	$257,197	$186,253	$753,979	$70,944
2020	$238,335	$190,918	$675,346	$47,417
2019	$239,783	$215,359	$620,867	$24,424
2018	$200,783	$197,394	$575,365	$3,389

Kentucky Real Estate Education Found Kentucky Realtor Institute