ARTS OF SOUTHERN KENTUCKY INC (EIN 853668279) - 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

2020

Legal Domicile

Phone

2709045025

Tax Period

2024-07-01 to 2025-06-30

ARTS OF SOUTHERN KENTUCKY INC, founded in 2020, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $15.7M in total revenue in fiscal year 2024. Revenue surged 184% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.6M, a strong 55% operating margin.

Mission

THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROMOTE, SPONSOR, CULTIVATE, AND DEVELOP AN APPRECIATION AND UNDERSTANDING OF THE PERFORMING AND VISUAL ARTS IN THE SOUTH CENTRAL KENTUCKY REGION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,464,323

Program Service Revenue $4,398,483

Investment Income $865,062

Other Revenue $-7,033

TOTAL REVENUE $15,720,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,363,664

Fundraising Expenses $419,263

Program Expenses $4,451,695

Other Expenses $4,777,316

TOTAL EXPENSES $7,140,980

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,720,835	$5,540,658	+1.8%
Expenses	$7,140,980	$4,369,756	+0.6%
Net Income	$8,579,855	$1,170,902	+6.3%

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

157

Volunteers

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

$182,962

Total Directors

$182,962

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT &	40.00	Officer Director	$182,962	$0	$182,962
ELIZABETH SIGLER	DIRECTOR	1.00	Director	$0	$0	$0
JOE L DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
RITA SCOTT	SECRETARY	1.00	Officer Director	$0	$0	$0
JESSICA CARVER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CIOCHETTY	DIRECTOR	1.00	Director	$0	$0	$0
D C CLEMENT	DIRECTOR	1.00	Director	$0	$0	$0
DR SHARON MUTTER	DIRECTOR	1.00	Director	$0	$0	$0
GAINES PENN	DIRECTOR	1.00	Director	$0	$0	$0
DR GARY RANSDELL	PAST CHAIR	1.00	Officer Director	$0	$0	$0
MIKE BUCHANON	CHAIR	1.00	Officer Director	$0	$0	$0
DEBORAH RENSHAW PARKER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT RAMSEY	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY SOMERVILLE	DIRECTOR	1.00	Director	$0	$0	$0
AMY HALE CHANDLER	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
ALEX DOWNING	TREASURER	1.00	Officer Director	$0	$0	$0
CRAIG BROWNING	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL E D'ERAMO	DIRECTOR	1.00	Director	$0	$0	$0
BART FLENER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GREER	DIRECTOR	1.00	Director	$0	$0	$0
DANA HENSON	DIRECTOR	1.00	Director	$0	$0	$0
AMBER MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
HON JODY RICHARDS	DIRECTOR	1.00	Director	$0	$0	$0
GAYLA WARNER	DIRECTOR	1.00	Director	$0	$0	$0
SEN MIKE WILSON	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEE QUINN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT HANKINS	DEVELOPMENT	40.00	Highest	$104,981	$0	$104,981
DENISE LUBEY	DEVELOPMENT	40.00	Highest	$108,027	$0	$108,027

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	$15,720,835	$7,140,980	$18,760,271	$8,579,855
2024	$5,540,658	$4,369,756	$10,030,591	$1,170,902
2023	$4,740,455	$3,488,257	$8,853,794	$1,252,198
2022	$5,434,508	$2,868,786	$7,056,878	$2,565,722
2021	$2,377,873	$521,194	$3,683,322	$1,856,679

ARTS OF SOUTHERN KENTUCKY INC