COMMUNITY FOUNDATION OF WEST KY INC

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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

CHRISTINA DOCKINS

Phone

2704428622

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY FOUNDATION OF WEST KY INC, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $9.5M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Net assets of $41.5M represent 52 months of operating reserves.

Mission

TO PROMOTE PHILANTHROPY AND PROVIDE GRANTS TO CHARITABLE, RELIGIOUS, EDUCATIONAL AND COMMUNITY PROGRAMS AND ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $207,752

THE ORGANIZATION PROMOTES THE ARTS IN ITS REGION THROUGH GRANTS TO PROGRAMS AND ORGANIZATIONS RELATED TO ARTS AND ENTERTAINMENT. OTHER AREAS SUPPORTED BY THE ORGANIZATION ARE MUSEUMS AND RELATED...

THE ORGANIZATION PROMOTES THE ARTS IN ITS REGION THROUGH GRANTS TO PROGRAMS AND ORGANIZATIONS RELATED TO ARTS AND ENTERTAINMENT. OTHER AREAS SUPPORTED BY THE ORGANIZATION ARE MUSEUMS AND RELATED ORGANIZATIONS WHICH PROMOTE THE CIVIC WELFARE OF THE COMMUNITIES IN THE REGION SERVICED BY THE ORGANIZATION.

Program 2

Expenses: $1,883,375

SOCIAL SERVICES, HOUSING AND EDUCATION HAVE BEEN THE FOCUS OF MUCH OF THE PROGRAM GRANTS FROM THE ORGANIZATION. BENEFITS SUPPORTED BY THE ORGANIZATION INCLUDING PROVIDING SHELTER, FOOD, PREGNANCY...

SOCIAL SERVICES, HOUSING AND EDUCATION HAVE BEEN THE FOCUS OF MUCH OF THE PROGRAM GRANTS FROM THE ORGANIZATION. BENEFITS SUPPORTED BY THE ORGANIZATION INCLUDING PROVIDING SHELTER, FOOD, PREGNANCY COUNSELING AND TRAINING FOR THE HANDICAPPED. OTHER GRANTS WERE PROVIDED TO INSTITUTIONS ENGAGED IN THE EDUCATION OF THE COMMUNITY.

Program 3

Expenses: $298,092

THR ORGANIZATION SUPPORTS VARIOUS RELIGIOUS ACTIVITIES IN THE REGION BY PROVIDING FUNDING TO ASSIST IN THE PROMOTION OF RELIGIOUS PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,876,570

Program Service Revenue $0

Investment Income $1,627,858

Other Revenue $1,792

TOTAL REVENUE $9,506,220

Expense Breakdown

Grants Paid $8,469,136

Salaries & Benefits $405,573

Fundraising Expenses $86,178

Program Expenses $9,078,487

Other Expenses $696,932

TOTAL EXPENSES $9,571,641

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,506,220	$14,048,552	-0.3%
Expenses	$9,571,641	$6,819,529	+0.4%
Net Income	$-65,421	$7,229,023	-1.0%

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

N/A

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

$122,275

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINA DOCKINS	INTERIM CEO	40.00	Officer	$122,275	$0	$122,275
TERRY BUNNELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE FRAMPTON	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN GUESS	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY HOUSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
HAROLD HURT	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGIE JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
J RONALD JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK LEEPER	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON SIENER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK WEAVER	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN WHEELER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK WHITLOW	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK HEQUEMBOURG	TREASURER	1.00	Officer	$0	$0	$0
ANGIE JACKSON	PRESIDENT	1.00	Officer	$0	$0	$0
SCOTT POWELL	VICE PRESIDE	1.00	Officer	$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	No data	No data	No data	No data
2023	$9,506,220	$9,571,641	$47,682,390	$-65,421
2022	$14,048,552	$6,819,529	$44,437,156	$7,229,023
2021	$11,381,597	$3,796,612	$44,374,671	$7,584,985
2020	$6,890,139	$3,373,653	$35,976,347	$3,516,486
2019	$4,082,144	$2,103,196	$30,872,907	$1,978,948
2018	$3,866,270	$1,764,475	$25,774,203	$2,101,795