KENTUCKY FARM BUREAU INSURANCE FOUNDATION (EIN 843660741) - 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

JOHN SPARROW

Phone

5024955000

Tax Period

2023-01-01 to 2023-12-31

KENTUCKY FARM BUREAU INSURANCE FOUNDATION, founded in 2019, is a small nonprofit in the Education sector that reported $308K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $292K left a modest 5% surplus.

Mission

TO SUPPORT THOSE IN NEED AND IMPROVE THE QUALITY OF LIFE THROUGHOUT THE COMMONWEALTH OF 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $447,369

Program Service Revenue $0

Investment Income $0

Other Revenue $-139,725

TOTAL REVENUE $307,644

Expense Breakdown

Grants Paid $262,825

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $270,834

Other Expenses $29,576

TOTAL EXPENSES $292,401

Year-over-Year Comparison

	2023	2022	Change
Revenue	$307,644	$244,515	+0.3%
Expenses	$292,401	$244,816	+0.2%
Net Income	$15,243	$-301	-51.6%

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

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN SPARROW	DIRECTOR	0.50	Officer Director	$0	$0	$0
JENA STONE	DIRECTOR	0.50	Officer Director	$0	$0	$0
NICKI WHITMIRE	DIRECTOR	0.50	Officer Director	$0	$0	$0
MARCUS BICKWERMERT	DIRECTOR	0.50	Officer Director	$0	$0	$0
HOWARD RICE	DIRECTOR	0.50	Officer 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	No data	No data	No data	No data
2023	$307,644	$292,401	$66,380	$15,243
2022	$244,515	$244,816	$37,037	$-301
2021	$325,387	$353,673	$29,838	$-28,286
2020	$212,102	$153,978	$67,624	$58,124

KENTUCKY FARM BUREAU INSURANCE FOUNDATION