KENTUCKY FARMHOUSE ASSOCIATION INC (EIN 616027803) - 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

1951

Legal Domicile

Principal Officer

NICK CARTER

Phone

8593338477

Tax Period

2024-01-01 to 2024-12-31

KENTUCKY FARMHOUSE ASSOCIATION INC, founded in 1951, is a small nonprofit in the Education sector that reported $360K in total revenue in fiscal year 2024. The organization ran a surplus of $81K, a strong 22% operating margin.

Mission

HOUSING AND GUIDANCE TO KENTUCKY CHAPTER OF FARMHOUSE

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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 $0

Program Service Revenue $360,000

Investment Income $94

Other Revenue $0

TOTAL REVENUE $360,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $178,981

Other Expenses $279,427

TOTAL EXPENSES $279,427

Year-over-Year Comparison

	2024	2023	Change
Revenue	$360,094	$360,000	+0.0%
Expenses	$279,427	$189,323	+0.5%
Net Income	$80,667	$170,677	-0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK CARTER	PRESIDENT	3.00	Officer	$0	$0	$0
JEREMY HINTON	VICE-PRESIDE	3.00	Officer	$0	$0	$0
DENNIS LIPTRAP	TREASURER	5.00	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	$360,094	$279,427	$3,232,251	$80,667
2023	$360,000	$189,323	$3,249,271	$170,677
2022	$200,170	$269,127	$3,201,735	$-68,957
2021	$349,170	$312,747	$3,285,542	$36,423
2020	$263,799	$283,857	$3,382,092	$-20,058
2019	$220,305	$267,001	$3,447,399	$-46,696
2018	$326,954	$338,554	$3,582,731	$-11,600

KENTUCKY FARMHOUSE ASSOCIATION INC