KENTUCKY MOUNTAIN LAUREL FOUNDATION INC

EIN: 611199460 501(c)(3) Arts, Culture & Humanities

MIDDLESBORO, KY

Total Revenue
$51,662
Total Expenses
$23,746
Total Assets
$784,744
Net Assets
$784,744
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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
1991
Legal Domicile
KY
Principal Officer
BUDDY BISHOP
Phone
6062691165
Tax Period
2024-01-01 to 2024-12-31

KENTUCKY MOUNTAIN LAUREL FOUNDATION INC, founded in 1991, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $52K in total revenue in fiscal year 2024. Revenue surged 538% from the prior year, signaling strong growth momentum. The organization ran a surplus of $28K, a strong 54% operating margin.

Mission

PER THE ARTICLES OF INCORPORATION: THE GENERAL PUPOSES OF THE CORPORATION INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING:1. TO PROMOTE HIGHER EDUCATION; AND2. TO PRESERVE AND MAINTAIN THE HERITAGE OF THE KENTUCKY MOUNTAIN LAUREL FESTIVAL

Program Service Accomplishments

Program 1
Expenses: $17,250

TO PROVIDE FINANCIAL SUPPORT FOR THE KENTUCKY MOUNTAIN LAUREL FESTIVAL PROGRAM, AWARDS FOR THE WINNING QUEEN AND PRINCESS CANDIDATES, AND INDIVIDUAL AWARDS FOR EACH PARTICIPATING QUEEN AND PRINCESS...

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TO PROVIDE FINANCIAL SUPPORT FOR THE KENTUCKY MOUNTAIN LAUREL FESTIVAL PROGRAM, AWARDS FOR THE WINNING QUEEN AND PRINCESS CANDIDATES, AND INDIVIDUAL AWARDS FOR EACH PARTICIPATING QUEEN AND PRINCESS CANDIDATE AND ESCORTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $15,850
Program Service Revenue $0
Investment Income $35,812
Other Revenue $0
TOTAL REVENUE $51,662

Expense Breakdown

Grants Paid $17,250
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $17,250
Other Expenses $6,496
TOTAL EXPENSES $23,746

Year-over-Year Comparison

2024 2023 Change
Revenue $51,662 $8,098 +5.4%
Expenses $23,746 $45,393 -0.5%
Net Income $27,916 $-37,295 -1.7%
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
12
Independent Members
12
Employees
N/A
Volunteers
13

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
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAMDEN SKIDMORE DIRECTOR 0.50
Director
$0 $0 $0
COLBY SLUSHER DIRECTOR 0.50
Director
$0 $0 $0
KATHERINE REESE SECRETARY 0.50
Officer Director
$0 $0 $0
W NEALE BENNETT IV PRESIDENT 0.50
Officer Director
$0 $0 $0
CHARLES BUDDY BISHOP TREASURER 0.50
Officer Director
$0 $0 $0
TERRY LACER DIRECTOR 0.50
Director
$0 $0 $0
CALVIN BUTCH BAIRD JR DIRECTOR 0.50
Director
$0 $0 $0
KIMBERLY CHANDLER DIRECTOR 0.50
Director
$0 $0 $0
BILLIE JO SETZER DIRECTOR 0.50
Director
$0 $0 $0
JONNA KNOX DIRECTOR 0.50
Director
$0 $0 $0
JOE SMITH DIRECTOR 0.50
Director
$0 $0 $0
MADISON BOWLING DIRECTOR 0.50
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 $51,662 $23,746 $784,744 $27,916
2023 $15,989 $52,804 $716,287 $-36,815
2023 $8,098 $45,393 $716,289 $-37,295
2022 $-11,787 $27,276 $676,302 $-39,063
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