COMMONWEALTH OF KENTUCKY CHILDREN'S HOME CORPORATION

EIN: 616025336 501(c)(3) Youth Development

LOUISVILLE, KY

Total Revenue
$185,318
Total Expenses
$80,257
Total Assets
$1,896,479
Net Assets
$1,896,479
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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
1939
Legal Domicile
KY
Principal Officer
MICHAEL J O'CONNELL
Phone
5025745772
Tax Period
2024-01-01 to 2024-12-31

COMMONWEALTH OF KENTUCKY CHILDREN'S HOME CORPORATION, founded in 1939, is a small nonprofit in the Youth Development sector that reported $185K in total revenue in fiscal year 2024. Revenue surged 151% from the prior year, signaling strong growth momentum. The organization ran a surplus of $105K, a strong 57% operating margin.

Mission

ACTIVITIES AND SUPPORT FOR UNDERPRIVILEGED CHILDREN

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $172,079
Other Revenue $13,239
TOTAL REVENUE $185,318

Expense Breakdown

Grants Paid $52,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $52,000
Other Expenses $28,257
TOTAL EXPENSES $80,257

Year-over-Year Comparison

2024 2023 Change
Revenue $185,318 $73,940 +1.5%
Expenses $80,257 $69,673 +0.2%
Net Income $105,061 $4,267 +23.6%
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
3
Independent Members
3
Employees
N/A
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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HONORABLE MICHAEL J O'CONNELL PRESIDENT 2.00
Officer Director
$0 $0 $0
DRINA CHAMPA DIRECTOR 2.00
Director
$0 $0 $0
RAYMOND JOHNSON DIRECTOR 2.00
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 No data No data No data No data
2024 $185,318 $80,257 $1,896,479 $105,061
2023 $73,940 $69,673 $1,791,418 $4,267
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