Kentucky Mining Institute

Nonprofit profile at a glance

EIN
616027554
IRS 990-EZ coverage
2011–2024
Forms available
Form 990 2023, Form 990-EZ 2024, Form 990-N 2022
Location
Madisonville, KY, USA
Phone
2708364225
Rating
93
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$175,243
Expenses
$167,434
Assets
$86,674

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

24 people listed

Executive titles in this filing

  • PAT SCHOOLCRAFT (PRESIDENT)

People named in this filing

  • BRIAN MILLINGTON (BOARD OF DIR)
  • PAT SCHOOLCRAFT (PRESIDENT)
  • RICHARD B MATHENY (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Promote mine safety & education through meetings/mine safety contests and publications

Operating model

Revenue model
Earned-program. 81% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 100
  • Sustainability: 41
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.4%; rating input score 92
  • Program expense ratio: 96.7%; rating input score 97

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 4.5%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 0.52; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 15.9% per year; rating input score 100; 71st percentile among comparable filings
  • Revenue growth: 0.5% per year; rating input score 100; 23rd percentile among comparable filings
  • Asset growth: -7.4% per year; rating input score 0; 13th percentile among comparable filings

Details

  • Where the money goes: 92.4% of revenue deployed · 96.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $162K in reported program spending
  • Leadership: top reported pay $0 · 24 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 11 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 46/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • High — Growth: Asset growth scored 0/100.