KENTUCKY MOUNTAIN LAUREL FOUNDATION INC (EIN 611199460) - 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

1991

Legal Domicile

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

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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 $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

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

Total Directors

Key Employees

Highest Compensated

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

KENTUCKY MOUNTAIN LAUREL FOUNDATION INC