KENTUCKY COMMUNITY AND TECHNICAL C… - Form 990 Financial Data

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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

1999

Legal Domicile

Phone

8592563100

Tax Period

2024-07-01 to 2025-06-30

KENTUCKY COMMUNITY AND TECHNICAL COLLEGE SYSTEM FOUNDATION INC, founded in 1999, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 28% operating deficit.

Mission

THE FOUNDATION SERVES AS THE NON-PROFIT FUNDRAISING ARM OF KCTCS; IS A CATALYST AND LEADER OF RESOURCE DEVELOPMENT INITIATIVES THAT SUPPORT THE STRATEGIC PLAN OF KCTCS TO MEET THE NEEDS OF ITS STAKEHOLDERS.

Program Service Accomplishments

Program 1

Expenses: $2,436,996 Revenue: $0

THE ORGANIZATION PROVIDES FUNDRAISING AND SUPPORT FOR THE KENTUCKY COMMUNITY & TECHNICAL COLLEGE SYSTEM. THE SYSTEM OPERATES 16 COLLEGES AND MORE THAN 70 CAMPUSES.

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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 $1,921,493

Program Service Revenue $0

Investment Income $14,033

Other Revenue $0

TOTAL REVENUE $1,935,526

Expense Breakdown

Grants Paid $2,432,480

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,436,996

Other Expenses $47,744

TOTAL EXPENSES $2,480,224

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,935,526	$6,750,000	-0.7%
Expenses	$2,480,224	$1,143,961	+1.2%
Net Income	$-544,698	$5,606,039	-1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Megan Stith	EXECUTIVE DIRECTOR	0.4	Officer Director	$0	$0	$0
Linda Rumpke	TREASURER	0.3	Officer Director	$0	$0	$0
Nick Phelps	SECRETARY	0.3	Officer Director	$0	$0	$0
STEPHANIE BELL	CHAIR	0.3	Officer Director	$0	$0	$0
Adam Marley	Trustee	0.1	Director	$0	$0	$0
Anne-Tyler Morgan	TRUSTEE	0.1	Director	$0	$0	$0
BARRY MARTIN	TRUSTEE - KCTCS BOARD CHAIR	0.1	Director	$0	$0	$0
BRANDON FOGLE	TRUSTEE	0.1	Director	$0	$0	$0
Chadwick Harpole	TRUSTEE	0.1	Director	$0	$0	$0
CHRIS PERRY	TRUSTEE	0.1	Director	$0	$0	$0
David Kloiber	TRUSTEE	0.1	Director	$0	$0	$0
Dr Laura McCullough	TRUSTEE	0.1	Director	$0	$0	$0
Dr Ryan Quarles	TRUSTEE - KCTCS PRESIDENT	0.1	Director	$0	$0	$0
FRANK JEMLEY III	TRUSTEE	0.1	Director	$0	$0	$0
JOHN GOHMANN	TRUSTEE	0.1	Director	$0	$0	$0
Lourdes Baez	TRUSTEE	0.1	Director	$0	$0	$0
William Keith	TRUSTEE	0.1	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
2025	$1,935,526	$2,480,224	$23,404,429	$-544,698
2024	$6,750,000	$1,143,961	$21,975,662	$5,606,039
2023	$4,088,452	$1,862,334	$13,812,592	$2,226,118
2022	$5,950,340	$1,950,798	$10,345,360	$3,999,542
2021	$2,642,430	$743,991	$7,742,364	$1,898,439
2020	$1,149,310	$641,685	$3,703,098	$507,625
2019	$234,278	$168,607	$3,150,674	$65,671

KENTUCKY COMMUNITY AND TECHNICAL COLLEGE SYSTEM FOUNDATION INC