KENTUCKY FINANCIAL EMPOWERMENT FOUNDATION (EIN 843265189) - 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

2019

Legal Domicile

Principal Officer

JENNIFER INMAN

Phone

5025648823

Tax Period

2023-01-01 to 2023-12-31

KENTUCKY FINANCIAL EMPOWERMENT FOUNDATION, founded in 2019, is a small nonprofit in the Education sector that reported $199K in total revenue in fiscal year 2023. Expenses of $189K left a modest 5% surplus.

Mission

THE KFEC WAS FORMED TO PROVIDE FINANCIAL LITERACY AND EMPOWERMENT INSTRUCTION AND SERVICES TO A WIDE RANGE OF INDIVIDUALS, INCLUDING K-12 STUDENTS, VETERANS, LOW-INCOME KENTUCKIANS AND AGING KENTUCKIANS.

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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 $198,771

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $198,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,833

Fundraising Expenses $1,678

Program Expenses $161,790

Other Expenses $76,145

TOTAL EXPENSES $188,978

Year-over-Year Comparison

	2023	2022	Change
Revenue	$198,771	$197,726	+0.0%
Expenses	$188,978	$122,664	+0.5%
Net Income	$9,793	$75,062	-0.9%

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

$95,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABDULLAH AL-BAHRANI	BOARD MEMBER	3.00	Director	$0	$0	$0
MARK METCALF	CHAIRPERSON	3.00	Officer Director	$0	$0	$0
JIM KASCH	BOARD MEMBER	3.00	Director	$0	$0	$0
DR BETH HARGIS	BOARD MEMBER	3.00	Director	$0	$0	$0
DR LAUREL MARTIN	BOARD MEMBER	3.00	Director	$0	$0	$0
EDWARD KING	BOARD MEMBER	3.00	Director	$0	$0	$0
DAVID SANDLIN	BOARD MEMBER	3.00	Director	$0	$0	$0
APRIL PERRY	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
MARNI GIBSON	BOARD MEMBER	3.00	Director	$0	$0	$0
CAROLYN WHEELER	BOARD MEMBER	3.00	Director	$0	$0	$0
SEEMA SHETH	BOARD MEMBER	3.00	Director	$0	$0	$0
JENNIFER INMAN	EXECUTIVE DIRECTOR	40.00	Officer	$95,000	$0	$95,000

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	$198,771	$188,978	$451,652	$9,793
2022	$197,726	$122,664	$441,859	$75,062
2021	$262,180	$89,706	$366,797	$172,474
2020	$228,495	$29,172	$199,323	$199,323

KENTUCKY FINANCIAL EMPOWERMENT FOUNDATION