KENTUCKY FARM BUREAU EDUCATION FOUNDATION INC (EIN 616035765) - 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

1965

Legal Domicile

Principal Officer

DREW GRAHAM

Phone

5024955000

Tax Period

2023-01-01 to 2023-12-31

KENTUCKY FARM BUREAU EDUCATION FOUNDATION INC, founded in 1965, is a small nonprofit that reported $203K in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE FINANCIAL GRANTS FOR HIGHER EDUCATION AND PROMOTE AGRICULTURAL EDUCATION IN KY ELEMENTARY AND SECONDARY SCHOOLS.

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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 $148,050

Program Service Revenue $0

Investment Income $3,590

Other Revenue $51,391

TOTAL REVENUE $203,031

Expense Breakdown

Grants Paid $191,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $192,745

Other Expenses $7,465

TOTAL EXPENSES $198,965

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,031	$1,205,520	-0.8%
Expenses	$198,965	$1,961,466	-0.9%
Net Income	$4,066	$-755,946	-1.0%

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

$934,540

Total Directors

$900,840

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX BARNETT	DIRECTOR	0.50	Director	$0	$5,852	$12,402
CLOYCE WARREN HINKLE	DIRECTOR	0.50	Director	$0	$6,926	$11,976
DAVID MCGLONE	DIRECTOR	0.50	Director	$0	$0	$7,750
EDDIE MELTON	FIRST VICE PRESIDENT	1.00	Officer Director	$0	$30,439	$155,419
GLENN HOWELL	DIRECTOR	0.50	Director	$0	$0	$11,750
J SCOTT DAVIS	DIRECTOR	0.50	Director	$0	$26,520	$26,520
JOE PAUL MATTINGLY	DIRECTOR	0.50	Director	$0	$28,016	$28,016
LARRY CLARK	DIRECTOR	0.50	Director	$0	$0	$16,850
LARRY THOMAS	DIRECTOR	0.50	Director	$0	$29,325	$29,325
MARK HANEY	PRESIDENT	1.00	Officer Director	$0	$21,552	$165,067
MARK KINSEY	DIRECTOR	0.50	Director	$0	$0	$8,550
MARSHALL COYLE	PAST PRESIDENT UNTIL 12/2	0.50	Director	$0	$8,414	$13,564
MARY KATE KORDES	DIRECTOR	0.50	Director	$0	$0	$21,247
MITCHEL LOGSDON	DIRECTOR	0.50	Director	$0	$0	$28,447
PJ MILBURN	DIRECTOR	0.50	Director	$0	$0	$18,447
RAY ALLAN MACKEY	DIRECTOR	0.50	Director	$0	$0	$21,447
SCOTT BARNES	DIRECTOR	0.50	Director	$0	$0	$18,447
SHANE WISEMAN	DIRECTOR	1.00	Director	$0	$15,147	$41,272
SHARON FURCHES	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$0	$100,015
STEWART HUGHES	DIRECTOR	0.50	Director	$0	$0	$21,447
TAMMY WHITE	DIRECTOR	0.50	Director	$0	$0	$16,547
TERRY LAWSON	DIRECTOR	0.50	Director	$0	$0	$8,950
TIM GOODLETT	DIRECTOR	0.50	Director	$0	$0	$26,847
TODD BROCK	DIRECTOR	0.50	Director	$0	$0	$22,247
TYLER FERGUSON	DIRECTOR	0.50	Director	$0	$0	$22,597
VICTOR REXROAT	DIRECTOR	0.50	Director	$0	$0	$24,647
ZACH ISON	DIRECTOR	0.50	Director	$0	$0	$20,447
DAVID TAYLOR	DIRECTOR BEGINNING 12/2	0.50	Director	$0	$0	$600
DREW GRAHAM	EXECUTIVE OFFICER	1.00	Officer	$0	$42,384	$514,039

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	$203,031	$198,965	$458,837	$4,066
2022	$1,205,520	$1,961,466	$422,797	$-755,946
2021	$980,619	$223,449	$1,199,277	$757,170
2020	$158,078	$186,760	$463,550	$-28,682
2019	$163,950	$148,570	$403,498	$15,380
2018	$149,465	$160,897	$387,830	$-11,432

KENTUCKY FARM BUREAU EDUCATION FOUNDATION INC