KENTUCKY SCHOOL BOARDS ASSOCIATION EDUCATIONAL FOUNDATION INC (EIN 611219695) - 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

1992

Legal Domicile

Principal Officer

KIRK HAYNES

Tax Period

2024-07-01 to 2025-06-30

KENTUCKY SCHOOL BOARDS ASSOCIATION EDUCATIONAL FOUNDATION INC, founded in 1992, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 178% from the prior year, signaling strong growth momentum.

Mission

FURTHERMENT OF LOCAL GOVERNANCE OF PUBLIC EDUCATION THROUGH SPONSORSHIP OF RESEARCH, EDUCATIONAL PROGRAMS AND SCHOLARSHIPS RELATING TO LOCAL PUBLIC SCHOOL DISTRICT GOVERNANCE AND LEADERSHIP.

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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 $1,769,408

Program Service Revenue $0

Investment Income $6,276

Other Revenue $0

TOTAL REVENUE $1,775,684

Expense Breakdown

Grants Paid $0

Salaries & Benefits $889,438

Fundraising Expenses $0

Program Expenses $843,752

Other Expenses $866,377

TOTAL EXPENSES $1,755,815

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,775,684	$637,870	+1.8%
Expenses	$1,755,815	$636,870	+1.8%
Net Income	$19,869	$1,000	+18.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN WOOSLEY	Chairman	1.00	Officer Director	$0	$0	$0
KIRK HAYNES	Treasurer	1.00	Officer Director	$0	$0	$0
HEATHER STEWART	Director	1.00	Director	$0	$0	$0
BRAD BEATTY	Director	1.00	Director	$0	$0	$0
MARGIE CLEVELAND	Director	1.00	Director	$0	$0	$0
BONITA WILLIAMS	Director	1.00	Director	$0	$0	$0
PAMELA MOREHEAD	Director	1.00	Director	$0	$0	$0
JEREMY LUCKETT	Director	1.00	Director	$0	$0	$0
KIM FENDR	Director	1.00	Director	$0	$0	$0
KERRI SCHELLING	EX-OFFICIO	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
2025	$1,775,684	$1,755,815	$380,124	$19,869
2024	$637,870	$636,870	$291,283	$1,000
2023	$717,707	$692,939	$316,937	$24,768
2022	$507,563	$498,006	$179,866	$9,557
2021	$266,032	$236,206	$169,972	$29,826
2020	$555,125	$540,011	$212,789	$15,114
2019	$469,205	$451,997	$79,677	$17,208
2018	$406,756	$395,121	$264,923	$11,635

KENTUCKY SCHOOL BOARDS ASSOCIATION EDUCATIONAL FOUNDATION INC