EKY HERITAGE FOUNDATION INC

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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

2019

Legal Domicile

Principal Officer

DONNA J CHILDERS

Phone

8778295500

Tax Period

2023-01-01 to 2023-12-31

EKY HERITAGE FOUNDATION INC, founded in 2019, is a micro nonprofit in the Community Improvement sector that reported $87K in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $398K exceeded revenue, resulting in a 358% operating deficit.

Mission

TO RAISE CAPITAL AND ALLOCATE FUNDS TO BE INVESTED IN THE LOCAL ECONOMY OF EASTERN KENTUCKY TO PROMOTE TOURISM AND ECONOMIC DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $252,272

COMMUNITY ENGAGEMENT SESSIONS INVOLVING THE "IMAGINE LETCHER ECONOMIC DEVELOPMENT ACTION PLAN" TO GET COMMUNITY INVOLVEMENT AROUND THE TRANSITION FROM A COAL ECONOMY TO A TOURISM ECONOMY.

Program 2

Expenses: $96,903

ASSISTED IN LETCHER COUNTY, KY FLOOD RECOVERY EFFORTS.

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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 $86,871

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $86,871

Expense Breakdown

Grants Paid $234,567

Salaries & Benefits $122,243

Fundraising Expenses $0

Program Expenses $349,175

Other Expenses $41,479

TOTAL EXPENSES $398,289

Year-over-Year Comparison

	2023	2022	Change
Revenue	$86,871	$321,093	-0.7%
Expenses	$398,289	$75,441	+4.3%
Net Income	$-311,418	$245,652	-2.3%

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

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

$66,154

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES W MATTHEWS JR	DIRECTOR	1.00	Director	$0	$0	$0
ELI MATTHEWS	DIRECTOR	0.20	Director	$0	$0	$0
ISAAC MATTHEWS	DIRECTOR	0.20	Director	$0	$0	$0
JEFFERY JUSTICE	EXECUTIVE DIRECTOR	40.00	Director	$66,154	$0	$66,154
INA M MATTHEWS	PRESIDENT	1.00	Officer	$0	$0	$0
DONNA J CHILDERS	SECRETARY & TRASURER	1.00	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
2024	No data	No data	No data	No data
2023	$86,871	$398,289	$424,747	$-311,418
2022	$321,093	$75,441	$665,882	$245,652
2021	$402,000	$117,491	$300,244	$284,509