KENTUCKY ASSOCIATION OF MANUFACTURERS GROUP INSURANCE TRUST

EIN: 876426781 Mutual Benefit

FRANKFORT, KY

Total Revenue
$9,885,909
Total Expenses
$9,873,866
Total Assets
$1,496,632
Net Assets
$106,089
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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
SHELLEY GOODWIN
Phone
5023522485
Tax Period
2024-09-01 to 2025-08-31

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.

Mission

TO PROVIDE GROUP HEALTH INSURANCE AND OTHER 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 $9,885,909
Investment Income $0
Other Revenue $0
TOTAL REVENUE $9,885,909

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $283,827
TOTAL EXPENSES $9,873,866

Year-over-Year Comparison

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%
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
4
Independent Members
4
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
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
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 $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
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