KENTUCKY GLOBAL ARTS INITIATIVE

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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

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.

Program Service Accomplishments

Program 1

Expenses: $223,827

FUNDRAISING ASSISTANCE TO OTHER NON-PROFITS AND SCHOOLS BY DOING SPECIAL SHOWS.INTERACTIVE LANGUAGE CLASSES IN WESTERN KENTUCKY SCHOOLS INCLUDING ONLINE LESSONS WITHSTUDENTS AND TEACHERS IN...

FUNDRAISING ASSISTANCE TO OTHER NON-PROFITS AND SCHOOLS BY DOING SPECIAL SHOWS.INTERACTIVE LANGUAGE CLASSES IN WESTERN KENTUCKY SCHOOLS INCLUDING ONLINE LESSONS WITHSTUDENTS AND TEACHERS IN GUATEMALA.NEW SHOWS DESIGNED FOR KIDS AS WELL AS SPECIAL SUMMER CAMPS.SPONSORED SHOWS THAT WILL ALLOW SCHOOL FIELDTRIPS TO COME TO THE THEATER SO THAT STUDENTSCAN EXPERIENCE PROFESSIONAL THEATER FIRST-HAND.LANGUAGE CAMPS FOR ALL AGES IN THE SUMMER MONTHS THAT WILL CREATE A UNIQUEIMMERSION EXPERIENCE WITH NATIVE SPEAKERS.

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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 $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

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
SARA MINIHAN	TREASURER	Officer	$0	$0	$0
DENISE JOHNSON	SECRETARY	Officer	$0	$0	$0
WILLIAM MINIHAN	PRESIDENT	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