ASHLAND ALLIANCE CORPORATION

EIN: 611347516 Community Improvement

ASHLAND, KY

Total Revenue
$489,844
Total Expenses
$502,224
Total Assets
$135,178
Net Assets
$129,457
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
KY
Principal Officer
TIM GIBBS
Phone
6063245111
Tax Period
2023-01-01 to 2023-12-31

ASHLAND ALLIANCE CORPORATION, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $490K in total revenue in fiscal year 2023.

Mission

TO CREATE AN ENVIRONMENT WHICH SUPPORTS EXISTING BUSINESS EXPANSION AND RETENTION AND TO RECRUIT NEW BUSINESSES AND INDUSTRY.

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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 $374,731
Program Service Revenue $14,725
Investment Income $5
Other Revenue $100,383
TOTAL REVENUE $489,844

Expense Breakdown

Grants Paid $0
Salaries & Benefits $316,253
Fundraising Expenses $58,770
Program Expenses $322,914
Other Expenses $185,971
TOTAL EXPENSES $502,224

Year-over-Year Comparison

2023 2022 Change
Revenue $489,844 $464,467 +0.1%
Expenses $502,224 $497,421 +0.0%
Net Income $-12,380 $-32,954 -0.6%
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
37
Independent Members
37
Employees
4
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
3
$0
Total Directors
37
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM GIBBS PRESIDENT 40.00
Highest
$128,210 $0 $128,210
JAMES ADAMS DIRECTOR N/A
Director
$0 $0 $0
LARRY ANDERSON DIRECTOR N/A
Director
$0 $0 $0
BRENT BROWN DIRECTOR N/A
Director
$0 $0 $0
TYLER BURKE DIRECTOR N/A
Director
$0 $0 $0
LISA CALLIHAN DIRECTOR N/A
Director
$0 $0 $0
PAUL CASTLE DIRECTOR N/A
Director
$0 $0 $0
BRANDY CLARK DIRECTOR N/A
Director
$0 $0 $0
DEBBIE COSPER DIRECTOR N/A
Director
$0 $0 $0
JOHN M SPEARS CPA TREASURER N/A
Officer Director
$0 $0 $0
KARI CULLOP DIRECTOR N/A
Director
$0 $0 $0
JUDGE ERIC CHANEY DIRECTOR N/A
Director
$0 $0 $0
LARRY FERGUSON CHAIRPERSON N/A
Director
$0 $0 $0
JUDGE ROBERT HALL DIRECTOR N/A
Director
$0 $0 $0
KEVIN HALTER DIRECTOR N/A
Officer Director
$0 $0 $0
ROD HIENEMAN CHAIRPERSON N/A
Director
$0 $0 $0
MICHAEL W HOBBS DIRECTOR N/A
Director
$0 $0 $0
JOHN L HOLBROOK DIRECTOR N/A
Director
$0 $0 $0
MITCH HALL DIRECTOR N/A
Director
$0 $0 $0
CLAYTON HILL DIRECTOR N/A
Director
$0 $0 $0
EB LOWMAN III DIRECTOR N/A
Director
$0 $0 $0
ANDREW JONES DIRECTOR N/A
Officer Director
$0 $0 $0
STEVEN LYCANS DIRECTOR N/A
Director
$0 $0 $0
TOM LEACH DIRECTOR N/A
Director
$0 $0 $0
SARA MARKS DIRECTOR N/A
Director
$0 $0 $0
MARILYN MASON DIRECTOR N/A
Director
$0 $0 $0
TRAYSEA MORESEA DIRECTOR N/A
Director
$0 $0 $0
TIM MUFFLEY DIRECTOR N/A
Director
$0 $0 $0
RON MCCLOUD DIRECTOR N/A
Director
$0 $0 $0
MAYOR MATT PERKINS DIRECTOR N/A
Director
$0 $0 $0
ERNIE PITT DIRECTOR N/A
Director
$0 $0 $0
APRIL PERRY DIRECTOR N/A
Director
$0 $0 $0
RYAN REAMS DIRECTOR N/A
Director
$0 $0 $0
JAY RICHERT DIRECTOR N/A
Director
$0 $0 $0
SCOTT RIGSBY CHAIRPERSON N/A
Director
$0 $0 $0
AARON SNYDER DIRECTOR N/A
Director
$0 $0 $0
KELLY WARD DIRECTOR N/A
Director
$0 $0 $0
CINDY WISEMAN DIRECTOR N/A
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 No data No data No data No data
2023 $489,844 $502,224 $135,178 $-12,380
2022 $464,467 $497,421 $148,375 $-32,954
2021 $497,388 $404,101 $182,022 $93,287
2020 $332,611 $458,655 $139,551 $-126,044
2019 $604,396 $657,203 $210,475 $-52,807
2018 $677,966 $803,330 $263,258 $-125,364
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