KENTUCKY ASSOCIATION FOR CAREER & TECHNICAL EDUCATION (EIN 616033696) - 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

2002

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

KENTUCKY ASSOCIATION FOR CAREER & TECHNICAL EDUCATION, founded in 2002, is a small nonprofit that reported $844K in total revenue in fiscal year 2023. Expenses of $731K left a modest 13% surplus.

Mission

PROVIDE OPPORTUNITIES FOR VOCATIONAL EDUCATORS TO INTERACT, SHARE AND DEVELOP THEIR ABILITIES AS PROFESSIONALS.

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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 $0

Program Service Revenue $824,385

Investment Income $15,549

Other Revenue $3,977

TOTAL REVENUE $843,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $730,665

Other Expenses $730,665

TOTAL EXPENSES $730,665

Year-over-Year Comparison

	2023	2022	Change
Revenue	$843,911	$852,031	0.0%
Expenses	$730,665	$665,791	+0.1%
Net Income	$113,246	$186,240	-0.4%

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

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	Role	Reportable Comp	Other Comp	Total
CHRISA HACK	President	Officer	$0	$0	$0
JOSH MITCHAM	PAST-PRESIDENT	Officer	$0	$0	$0
ANGELA GOTT	PRESIDENT-ELECT	Officer	$0	$0	$0
SHARON COLLINS	Secretary	Officer	$0	$0	$0
DEXTER KNIGHT	Treasurer	Officer	$0	$0	$0
KELLIE NORMAN	BOARD MEMBER	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
2025	No data	No data	No data	No data
2024	$843,911	$730,665	$698,928	$113,246
2023	$852,031	$665,791	$680,752	$186,240
2022	$184,167	$198,858	$600,250	$-14,691
2021	$351,953	$211,644	$558,306	$140,309
2020	$153,480	$397,911	$215,749	$-244,431
2019	$232,493	$157,699	$460,180	$74,794

KENTUCKY ASSOCIATION FOR CAREER & TECHNICAL EDUCATION