LEXINGTON, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COMMONWEALTH FUND FOR KET INC, founded in 1994, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $11.0M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.8M, a strong 26% operating margin.
THE ORGANIZATION'S MISSION IS TO SUPPORT AND FURTHER THE EDUCATIONAL, CHARITABLE AND PUBLIC PURPOSES AND ACTIVITIES OF THE KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION (AUTHORITY) AND THE RELATED KENTUCKY EDUCATIONAL TELEVISION FOUNDATION, INC. (FOUNDATION). THE FUND'S PRIMARY PURPOSE IS TO RECEIVE, HOLD AND ADMINISTER FUNDS PROVIDED BY ITS FUNDRAISING ACTIVITIES, WHICH ARE CONCENTRATED PRIMARILY IN THE STATE OF KENTUCKY, FOR THE BENEFIT OF THE AUTHORITY AND THE FOUNDATION.
THE ORGANIZATION'S PURPOSE IS TO SUPPORT THE MISSION OF THE AUTHORITY FOR KENTUCKY EDUCATIONAL TELEVISION, THE GOVERNING BODY OF KENTUCKY EDUCATIONAL TELEVISION (KET). AS ONE OF THE NATION'S LARGEST...
THE ORGANIZATION'S PURPOSE IS TO SUPPORT THE MISSION OF THE AUTHORITY FOR KENTUCKY EDUCATIONAL TELEVISION, THE GOVERNING BODY OF KENTUCKY EDUCATIONAL TELEVISION (KET). AS ONE OF THE NATION'S LARGEST PUBLIC TELEVISION NETWORKS, KET IS USED BY MORE THAN 2 MILLION PEOPLE EACH WEEK AND ITS EDUCATIONAL RESOURCES ARE UTILIZED IN EVERY KENTUCKY SCHOOL DISTRICT AS WELL AS CLASSROOMS ACROSS THE NATION. ACCESSIBLE THROUGH BROADCAST, MOBILE AND CONNECTED DEVICES, KET'S CONTENT INCLUDES ORIGINALLY PRODUCED KENTUCKY HISTORY, CULTURE AND PUBLIC AFFAIRS PROGRAMS IN ADDITION TO THE NATIONAL PBS LINEUP. SERVING THE EDUCATIONAL NEEDS OF THE STATE, KET DELIVERS THE MOST-TRUSTED CHILDREN'S EDUCATIONAL PROGRAMMING PLUS CRADLE-TO-CAREER INSTRUCTIONAL SERVICES INCLUDING EARLY CHILDHOOD TEACHING TOOLS AND CERTIFICATION, K-12 DIGITAL LEARNING RESOURCES AND PROFESSIONAL TRAINING FOR EDUCATORS, AND GED AND WORKFORCE DEVELOPMENT PREP. THE WEBSITE WWW.KET.ORG/MAKING-A-DIFFERENCE-ARCHIVES TELLS THE STORY OF THE TEACHERS, STUDENTS, FAMILIES AND COMMUNITIES IMPACTED BY KET'S PROGRAMS AND SERVICES.THE PRIOR-YEAR SPIKE IN REVENUE WAS DUE TO TWO EXTRAORDINARY BEQUESTS AND A ONE-TIME FUNDRAISING CAMPAIGN TO CONSTRUCT AND EQUIP A NEW LOUISVILLE PRODUCTION CENTER, WHICH OPENED IN JANUARY 2025. UNRESTRICTED ANNUAL GIVING CONTINUED TO INCREASE YEAR-OVER-YEAR. QUARTER 4 SAW SIGNIFICANT GROWTH IN FUNDRAISING AS MANY DONORS RESPONDED TO THE THREAT OF FEDERAL FUNDING CUTS. AN ADDITIONAL $1.349 MILLION IN FEDERAL FUNDING THAT MATCHED PRIVATE FUNDS WAS RAISED.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $11,023,691 | $15,032,998 | -0.3% |
| Expenses | $8,199,631 | $12,827,170 | -0.4% |
| Net Income | $2,824,060 | $2,205,828 | +0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SHAE HOPKINS | EXEC DIRECTOR/CEO | 1.00 |
Director
|
$0 | $133,577 | $472,086 |
| NICK NICHOLSON | BOARD CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN S DOMASCHKO | VICE CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| BILL JONES | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| KIMBERLY D PATTON | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| DAN GRIFFITH | DIRECTOR (AUTHORITY) | 1.00 |
Director
|
$0 | $0 | $650 |
| ALICE K HOUSTON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| D R BALL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HILMA PRATHER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MELANIE SIMPSON-CONLEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL A OWSLEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MIRA S BALL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT M BECK JR | DIRECTOR (AUTHORITY) | 1.00 |
Director
|
$0 | $0 | $0 |
| VICKIE YATES BROWN GLISSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM T YOUNG JR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DONOVAN BLACKBURN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SEAN MASTAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHELE RIPLEY | PRESIDENT | 37.50 |
Officer
|
$0 | $35,331 | $181,828 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $11,023,691 | $8,199,631 | $50,211,658 | $2,824,060 |
| 2024 | $15,032,998 | $12,827,170 | $45,150,622 | $2,205,828 |
| 2023 | $7,109,511 | $7,426,175 | $38,561,241 | $-316,664 |
| 2022 | $8,912,254 | $6,420,846 | $35,205,433 | $2,491,408 |
| 2022 | $8,912,254 | $6,420,846 | $35,205,433 | $2,491,408 |
| 2021 | $10,256,192 | $6,026,064 | $38,373,162 | $4,230,128 |
| 2021 | $10,256,192 | $6,026,064 | $38,373,162 | $4,230,128 |
| 2020 | $7,194,360 | $5,996,665 | $28,465,627 | $1,197,695 |
| 2020 | $7,194,360 | $5,996,665 | $28,465,627 | $1,197,695 |
| 2019 | $7,498,925 | $5,790,366 | $29,535,742 | $1,708,559 |
| 2019 | $7,498,925 | $5,790,366 | $29,535,742 | $1,708,559 |
Compare COMMONWEALTH FUND FOR KET INC with other nonprofits in Kentucky and across the country.