KENTUCKY NONPROFIT NETWORK INC GROUP INSURANCE TRUST

EIN: 873580782 Mutual Benefit

LEXINGTON, KY

Total Revenue
$10,362,070
Total Expenses
$10,324,480
Total Assets
$54,631
Net Assets
$54,631
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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
2021
Legal Domicile
KY
Principal Officer
DANIELLE CLORE
Phone
8599633203
Tax Period
2024-01-01 to 2024-12-31

KENTUCKY NONPROFIT NETWORK INC GROUP INSURANCE TRUST, founded in 2021, is a mid-sized nonprofit in the Mutual Benefit sector that reported $10.4M in total revenue in fiscal year 2024. Revenue surged 111% from the prior year, signaling strong growth momentum.

Mission

HEALTH AND WELFARE BENEFITS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $10,341,381
Investment Income $20,689
Other Revenue $0
TOTAL REVENUE $10,362,070

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $127,738
TOTAL EXPENSES $10,324,480

Year-over-Year Comparison

2024 2023 Change
Revenue $10,362,070 $4,917,065 +1.1%
Expenses $10,324,480 $4,915,783 +1.1%
Net Income $37,590 $1,282 +28.3%
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

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Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
10

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
1
$211,881
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH JEFFERSON MEDICAL BENEFITS COMMITTEE MEMBER 1.00
Director
$0 $0 $0
FLORENCE TANDY MEDICAL BENEFITS COMMITTEE MEMBER 1.00
Director
$0 $0 $0
JEFF ASHLEY MEDICAL BENEFITS COMMITTEE MEMBER 1.00
Director
$0 $0 $0
JUDY SIMPSON MEDICAL BENEFITS COMMITTEE MEMBER 1.00
Director
$0 $0 $0
EILEEN O'BRIEN MEDICAL BENEFITS COMMITTEE MEMBER 1.00
Director
$0 $0 $0
MARIAN GUINN MEDICAL BENEFITS COMMITTEE MEMBER 1.00
Director
$0 $0 $0
RUSSELL HARPER MEDICAL BENEFITS COMMITTEE MEMBER 1.00
Director
$0 $0 $0
MASON DYER MEDICAL BENEFITS COMMITTEE MEMBER 1.00
Director
$0 $0 $0
BETSY JOHNSON MEDICAL BENEFITS COMMITTEE MEMBER 1.00
Director
$0 $0 $0
TAWANDA OWSLEY MEDICAL BENEFITS COMMITTEE MEMBER 1.00
Director
$0 $0 $0
N/A MEDICAL BENEFITS COMMITTEE MEMBER 1.00
$0 $2,171 $2,171
DANIELLE CLORE MEDICAL BENEFITS COMMITTEE MEMBER 1.00
Officer
$0 $28,450 $211,881
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 $10,362,070 $10,324,480 $54,631 $37,590
2023 $4,190,954 $4,176,816 $45,428 $14,138
2023 $4,190,954 $4,176,816 $45,428 $14,138
2023 $4,917,065 $4,915,783 $21,337 $1,282
2023 $4,917,065 $4,915,783 $21,337 $1,282
2022 $361,424 $359,802 $361,424 $1,622
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