THE EDUCATIONAL FOUNDATION OF THE KENTUCKY SOCIETY OF CPAS INC

EIN: 616037533 501(c)(3) Education

LOUISVILLE, KY

Total Revenue
$264,194
Total Expenses
$84,861
Total Assets
$2,195,808
Net Assets
$2,195,808
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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
1961
Legal Domicile
KY
Principal Officer
DARLENE ZIBART
Phone
5022665272
Tax Period
2023-07-01 to 2024-06-30

THE EDUCATIONAL FOUNDATION OF THE KENTUCKY SOCIETY OF CPAS INC, founded in 1961, is a small nonprofit in the Education sector that reported $264K in total revenue in fiscal year 2023. Revenue surged 120% from the prior year, signaling strong growth momentum. The organization ran a surplus of $179K, a strong 68% operating margin.

Mission

TO INTRODUCE STUDENTS THROUGHOUT ALL LEVELS OF THEIR EDUCATION TO THE ACCOUNTING PROFESSION AND TO PROVIDE SCHOLARSHIPS TO COLLEGE STUDENTS PURSUING A CAREER IN ACCOUNTING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $159,835
Program Service Revenue $0
Investment Income $107,612
Other Revenue $-3,253
TOTAL REVENUE $264,194

Expense Breakdown

Grants Paid $59,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $84,861
Other Expenses $25,861
TOTAL EXPENSES $84,861

Year-over-Year Comparison

2023 2022 Change
Revenue $264,194 $119,856 +1.2%
Expenses $84,861 $88,493 0.0%
Net Income $179,333 $31,363 +4.7%
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
9
Independent Members
9
Employees
N/A
Volunteers
15

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
2
$235,408
Total Directors
10
$235,408
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBIN G TEETERS CHAIR 1.00
Officer Director
$0 $0 $0
LORI F DEARFIELD TRUSTEE 1.00
Director
$0 $0 $0
J ADAM HANCOCK TRUSTEE 1.00
Director
$0 $0 $0
DARLENE ZIBART CEO 2.00
Officer Director
$0 $18,726 $235,408
LORI L ELAM TRUSTEE 1.00
Director
$0 $0 $0
SHELBY N LEE TRUSTEE 1.00
Director
$0 $0 $0
MELISSA C MATTOX TRUSTEE 1.00
Director
$0 $0 $0
JAMES B STEVISON TRUSTEE 1.00
Director
$0 $0 $0
KEVIN J JOYNT TRUSTEE 1.00
Director
$0 $0 $0
ELIZABETH Z WOODWARD TRUSTEE 1.00
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 $264,194 $84,861 $2,195,808 $179,333
2023 $119,856 $88,493 $1,906,157 $31,363
2022 $140,131 $80,754 $1,717,286 $59,377
2021 $201,784 $88,798 $1,989,263 $112,986
2020 $114,140 $107,537 $1,583,855 $6,603
2019 $111,585 $99,610 $1,569,477 $11,975
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