KENTUCKY GLOBAL ARTS INITIATIVE

EIN: 811455532 501(c)(3) Education

BENTON, KY

Total Revenue
$208,978
Total Expenses
$223,827
Total Assets
N/A
Net Assets
$-743
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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
2018
Legal Domicile
KY
Principal Officer
WILLIAM MINIHAN
Tax Period
2023-01-01 to 2023-12-31

KENTUCKY GLOBAL ARTS INITIATIVE, founded in 2018, is a small nonprofit in the Education sector that reported $209K in total revenue in fiscal year 2023.

Mission

THE GOAL OF THIS NEW VISION IS TO REFLECT THE INCREASED SCOPE OF THE ORGANIZATION INCLUDING WORKING WITH NONPROFITS IN THE COMMUNITY AS WELL AS SCHOOL DISTRICTS IN WESTERN KENTUCKY.

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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 $208,978
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $208,978

Expense Breakdown

Grants Paid $186,776
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $223,827
Other Expenses $37,051
TOTAL EXPENSES $223,827

Year-over-Year Comparison

2023 2022 Change
Revenue $208,978 $200,739 +0.0%
Expenses $223,827 $186,633 +0.2%
Net Income $-14,849 $14,106 -2.1%
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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARA MINIHAN TREASURER 0.00
Officer
$0 $0 $0
DENISE JOHNSON SECRETARY 0.00
Officer
$0 $0 $0
WILLIAM MINIHAN PRESIDENT 0.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $208,978 $223,827 No data $-14,849
2022 $200,739 $186,633 $14,106 $14,106
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