Kentuckiana Real Estate Investors Association Inc (EIN 611228368) - 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

1995

Legal Domicile

Principal Officer

John E Mays

Phone

5026576333

Tax Period

2024-09-01 to 2025-08-31

Kentuckiana Real Estate Investors Association Inc, founded in 1995, is a small nonprofit that reported $220K in total revenue in fiscal year 2024.

Mission

To promote the common business interest of real estate investing and improving the overall business environment and professionalism of the real estate industry.

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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 $210,581

Investment Income $9,017

Other Revenue $0

TOTAL REVENUE $219,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $217,364

Other Expenses $217,364

TOTAL EXPENSES $217,364

Year-over-Year Comparison

	2024	2023	Change
Revenue	$219,598	$228,881	0.0%
Expenses	$217,364	$253,518	-0.1%
Net Income	$2,234	$-24,637	-1.1%

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

N/A

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

$65,268

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Angie Chambers	Director	0.00	Director	$0	$0	$0
Phillip Frazier	Director	0.00	Director	$0	$0	$0
David Espinosa	Vice President	0.00	Director	$0	$0	$0
Wally Kalbreier	Treasurer Elect	0.00	Director	$0	$0	$0
Rue McFarland	Director	0.00	Director	$0	$0	$0
Mike Grinnan	Treasurer / Accountant	1.00	Director	$5,268	$0	$5,268
Michelle Rawn	Parliamentarian	0.00	Director	$0	$0	$0
Lauren Willoughby	Media Manager	1.00	Director	$60,000	$0	$60,000
Karen McKnight	Director	0.00	Director	$0	$0	$0
Mike Kroupa	Director	0.00	Director	$0	$0	$0
John Mays	President	0.00	Director	$0	$0	$0
Jonathan Hayes	Director	0.00	Director	$0	$0	$0
Jay Bownman	Director	0.00	Director	$0	$0	$0
George Foree	Director	0.00	Director	$0	$0	$0
Frank Miller	Director	0.00	Director	$0	$0	$0
Dennis Erhard	Director	0.00	Director	$0	$0	$0
Chris Jaquith	Past President	0.00	Director	$0	$0	$0
Benjamin Bass	Secretary	0.00	Director	$0	$0	$0
Joe Burnett Sr	Director	0.00	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	$219,598	$217,364	$302,218	$2,234
2024	$228,881	$253,518	$299,052	$-24,637
2023	$226,953	$254,883	$322,404	$-27,930
2022	$228,013	$192,744	$353,797	$35,269

Kentuckiana Real Estate Investors Association Inc