Kentucky Chamber Foundation Inc

EIN: 611284992 501(c)(3) Community Improvement

Frankfort, KY

Total Revenue
$2,586,553
Total Expenses
$2,785,598
Total Assets
$1,333,239
Net Assets
$1,021,223
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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
KY
Phone
5026954700
Tax Period
2023-10-01 to 2024-09-30

Kentucky Chamber Foundation Inc, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $2.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

The Kentucky Chamber Foundation's purpose is to unlock the power of business, accelerate solutions, and build opportunity in 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,940,339
Program Service Revenue $629,456
Investment Income $16,758
Other Revenue $0
TOTAL REVENUE $2,586,553

Expense Breakdown

Grants Paid $2,150
Salaries & Benefits $1,663,490
Fundraising Expenses $0
Program Expenses $2,609,291
Other Expenses $1,119,958
TOTAL EXPENSES $2,785,598

Year-over-Year Comparison

2023 2022 Change
Revenue $2,586,553 $2,364,449 +0.1%
Expenses $2,785,598 $2,519,130 +0.1%
Net Income $-199,045 $-154,681 +0.3%
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
17
Independent Members
16
Employees
N/A
Volunteers
48

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
4
$551,085
Total Directors
17
$551,085
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASHLI WATTS PRESIDENT/CEO & SECRETARY 1.0
Officer Director
$0 $28,027 $551,085
CANDACE MCGRAW PAST CHAIR 1.0
Officer Director
$0 $0 $0
CONDRAD DANIELS CHAIR 1.0
Officer Director
$0 $0 $0
KIMBERLY HALBAUER TREASURER 1.0
Officer Director
$0 $0 $0
AMANDA HUDDLESTON DIRECTOR 1.0
Director
$0 $0 $0
ANNE-TYLER MORGAN DIRECTOR 1.0
Director
$0 $0 $0
CHARLES MADDUX DIRECTOR 1.0
Director
$0 $0 $0
HOLLIE SPADE DIRECTOR 1.0
Director
$0 $0 $0
JONATHAN COPLEY DIRECTOR 1.0
Director
$0 $0 $0
KEVIN SMITH DIRECTOR 1.0
Director
$0 $0 $0
KEVIN SUTPHIN DIRECTOR 1.0
Director
$0 $0 $0
LES FUGATE DIRECTOR 1.0
Director
$0 $0 $0
PAIGE FRANKLIN DIRECTOR 1.0
Director
$0 $0 $0
RAY DANIELS DIRECTOR 1.0
Director
$0 $0 $0
SHARNIKA GLENN DIRECTOR 1.0
Director
$0 $0 $0
WILLIAM SUMMERS V DIRECTOR 1.0
Director
$0 $0 $0
YAJAIRA AICH WEST DIRECTOR 1.0
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 $2,586,553 $2,785,598 $1,333,239 $-199,045
2023 $2,364,449 $2,519,130 $1,373,660 $-154,681
2022 $4,479,219 $3,792,460 $1,547,412 $686,759
2021 $2,041,927 $1,865,136 $829,490 $176,791
2020 $1,773,184 $1,520,297 $573,581 $252,887
2019 $1,579,839 $1,583,082 $349,287 $-3,243
2018 $822,318 $738,024 $431,803 $84,294
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