KENTUCKY LIBRARY ASSOCIATION (EIN 616042682) - 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

1967

Legal Domicile

Principal Officer

DEBBIE COSPER

Phone

5025741793

Tax Period

2024-01-01 to 2024-12-31

KENTUCKY LIBRARY ASSOCIATION, founded in 1967, is a small nonprofit in the Education sector that reported $259K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $413K exceeded revenue, resulting in a 59% operating deficit.

Mission

THE KENTUCKY LIBRARY ASSOCIATION SUPPORTS LIBRARY & INFORMATION SERVICES AND THE PROFESSION OF LIBRARIANSHIP TO ACCESS INFORMATION FOR ALL.

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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 $34,074

Program Service Revenue $221,972

Investment Income $2,318

Other Revenue $767

TOTAL REVENUE $259,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $382,162

Other Expenses $413,116

TOTAL EXPENSES $413,116

Year-over-Year Comparison

	2024	2023	Change
Revenue	$259,131	$213,718	+0.2%
Expenses	$413,116	$230,664	+0.8%
Net Income	$-153,985	$-16,946	+8.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES ALLEN	KY DEPT OF E	N/A	Director	$0	$0	$0
ILONA BURDETTE	KYVL REPRESE	N/A	Director	$0	$0	$0
JAMIE COLLINS	SECRETARY	N/A	Officer Director	$0	$0	$0
DEBBIE COSPER	TREASURER	N/A	Officer Director	$0	$0	$0
MELISSA ENGLAND	PRESIDENT	N/A	Officer Director	$0	$0	$0
ROBERT GIESZL	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
DENISE LYONS	KDLA REPRESE	N/A	Director	$0	$0	$0
EMILY NORTHCUTT	ALA COUNCILO	N/A	Director	$0	$0	$0
COURTNEY SHAREEF	CONF PLANNIN	N/A	Director	$0	$0	$0
ERIN WEAVER	MEMBERSHIP C	N/A	Director	$0	$0	$0
AMBER WILLENBORG	PRESIDENT EL	N/A	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
2024	$259,131	$413,116	$239,372	$-153,985
2023	$213,718	$230,664	$393,933	$-16,946
2022	$178,528	$226,825	$454,005	$-48,297
2021	$185,648	$170,046	$502,302	$15,602
2020	$201,185	$220,073	$486,700	$-18,888

KENTUCKY LIBRARY ASSOCIATION