KENTUCKY WATERWAYS ALLIANCE INC (EIN 611239766) - 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

1993

Legal Domicile

Principal Officer

MICHAEL WASHBURN

Phone

5025898008

Tax Period

2024-01-01 to 2024-12-31

KENTUCKY WATERWAYS ALLIANCE INC, founded in 1993, is a community nonprofit in the Environment sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $5.7M exceeded revenue, resulting in a 235% operating deficit.

Mission

TO PROTECT, RESTORE AND CELEBRATE THE WATERWAYS OF KENTUCKY.

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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 $1,295,488

Program Service Revenue $9,700

Investment Income $396,345

Other Revenue $1,844

TOTAL REVENUE $1,703,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $387,546

Fundraising Expenses $28,817

Program Expenses $5,472,154

Other Expenses $5,313,694

TOTAL EXPENSES $5,701,240

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,703,377	$988,240	+0.7%
Expenses	$5,701,240	$2,238,028	+1.5%
Net Income	$-3,997,863	$-1,249,788	+2.2%

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

Volunteers

215

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

$97,886

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL WASHBURN	EXECUTIVE DI	36.00	Officer	$90,815	$7,071	$97,886
MARTIN HJALM	PRESIDENT	4.00	Officer Director	$0	$0	$0
CAITLIN JOHNSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
PAMLA WOOD	TREASURER	1.00	Officer Director	$0	$0	$0
ALISHA DEATRICK	BOARD MEMBER	1.00	Director	$0	$0	$0
GORDON GARNER	BOARD MEMBER	1.00	Director	$0	$0	$0
KAY HARKER	BOARD MEMBER	1.00	Director	$0	$0	$0
ELISABETH WALTON	BOARD MEMBER	1.00	Director	$0	$0	$0
TRAVIS MURPHY	BOARD MEMBER	1.00	Director	$0	$0	$0
KUNTESH NAIK	BOARD MEMBER	1.00	Director	$0	$0	$0
ALI SWANN	BOARD MEMBER	1.00	Director	$0	$0	$0
LAYNE TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM WISSING	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMIE YOUNG	BOARD MEMBER	1.00	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
2024	$1,703,377	$5,701,240	$8,049,789	$-3,997,863
2023	$988,240	$2,238,028	$11,543,056	$-1,249,788
2022	$5,337,538	$10,832,257	$12,687,102	$-5,494,719
2022	$5,370,457	$10,848,791	$12,687,102	$-5,478,334
2021	$2,310,795	$2,176,015	$18,040,069	$134,780
2020	$3,943,874	$3,662,930	$10,302,132	$280,944
2019	$5,178,765	$5,204,071	$7,149,130	$-25,306
2018	$3,681,556	$3,678,822	$11,847,942	$2,734

KENTUCKY WATERWAYS ALLIANCE INC