FRANKFORT, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)KENTUCKY ASSOCIATION OF MANUFACTURERS GROUP INSURANCE TRUST, founded in 2021, is a community nonprofit in the Mutual Benefit sector that reported $9.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.
TO PROVIDE GROUP HEALTH INSURANCE AND OTHER WELFARE BENEFITS TO THE MEMBERS AND EMPLOYEES OF THE KENTUCKY ASSOCIATION OF MANUFACTURERS (KAM), AS WELL AS QUALIFYING DEPENDENTS OF KAM, BY ISSUANCE OF ONE OR MORE FULLY INSURED INSURANCE POLICIES.
BEGINNING SEPTEMBER 1, 2021, KAM BEGAN PROVIDING GROUP HEALTH INSURANCE AND OTHER WELFARE BENEFITS TO THE MEMBERS AND EMPLOYEES OF KAM, AS WELL AS QUALIFYING DEPENDENTS OF KAM, BY ISSUANCE OF ONE OR...
BEGINNING SEPTEMBER 1, 2021, KAM BEGAN PROVIDING GROUP HEALTH INSURANCE AND OTHER WELFARE BENEFITS TO THE MEMBERS AND EMPLOYEES OF KAM, AS WELL AS QUALIFYING DEPENDENTS OF KAM, BY ISSUANCE OF ONE OR MORE FULLY INSURED INSURANCE POLICIES. THE TRUST PROGRAM IS OVERSEEN BY AN ELECTED BOARD OF TRUSTEES (TRUSTEES). THE TRUSTEES TOGETHER WITH THE KAM PERFORM ALL OF THE ACTIVITIES REQUIRED TO ADMINISTER THE TRUST AND MAKE DECISIONS ON THE ON-GOING OPERATIONS OF THE TRUST IN THE BEST INTEREST OF THE PARTICIPANTS.THE PROGRAM ACTIVITIES INCLUDE THE FOLLOWING:-- THE SELECTION OF INSURANCE CARRIERS, BENEFIT PLANS AND BENEFIT LEVELS IN SOME SITUATIONS;-- THE SELECTION AND APPOINTMENT OF VENDORS INCLUDING BANKING SERVICES, CONTRACT ADMINISTRATOR, INVESTMENT MANAGER IF NEEDED, AUDITOR, AND ATTORNEY;-- THE SALES, AND MARKETING OF THE PROGRAM INCLUDING THE DEVELOPMENT OF COMMUNICATION MATERIALS, AND THE USE OF OUTSIDE SALES AGENTS IF NEEDED; AND-- THE GENERAL MANAGEMENT OF TRUST FUNDS AND ASSETS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $9,885,909 | $8,835,073 | +0.1% |
| Expenses | $9,873,866 | $8,837,905 | +0.1% |
| Net Income | $12,043 | $-2,832 | -5.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| FRANK JEMLEY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SHELLEY GOODWIN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CARYN DICKINSON | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| MICK HENDERSON | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $9,885,909 | $9,873,866 | $1,496,632 | $12,043 |
| 2024 | No data | No data | No data | No data |
| 2023 | $9,690,106 | $9,664,428 | $757,342 | $25,678 |
| 2022 | $10,369,212 | $10,298,012 | $849,241 | $71,200 |
Compare KENTUCKY ASSOCIATION OF MANUFACTURERS GROUP INSURANCE TRUST with other nonprofits in Kentucky and across the country.