COMMONWEALTH FUND FOR KET INC (EIN 611285473) - 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

1994

Legal Domicile

Principal Officer

MICHELE RIPLEY

Phone

8592587000

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

THE FUND IS TO RECEIVE, HOLD, AND ADMINISTER FUNDS PROVIDED BY ITS FUNDRAISING ACTIVITIES FOR THE BENEFIT OF THE KENTUCKY AUTHORITY FOR EDUCATIONAL TELEVISION.

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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 $7,948,008

Program Service Revenue $0

Investment Income $3,002,903

Other Revenue $72,780

TOTAL REVENUE $11,023,691

Expense Breakdown

Grants Paid $5,410,600

Salaries & Benefits $0

Fundraising Expenses $884,402

Program Expenses $5,410,600

Other Expenses $2,789,031

TOTAL EXPENSES $8,199,631

Year-over-Year Comparison

	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%

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

403

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

$181,828

Total Directors

$472,736

Key Employees

Highest Compensated

reported

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

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	$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

COMMONWEALTH FUND FOR KET INC