Shelby County Associated Industries

Nonprofit profile at a glance

EIN
461869465
IRS 990-EZ coverage
2022–2024
Forms available
Form 990 2020, Form 990-EZ 2024, Form 990-N 2016
Location
Shelbyville, KY, USA
Phone
5026335068
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Job Training

Official website

Reported finances

Revenue
$37,294
Expenses
$35,860
Assets
$160,224
Liabilities
$90

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

Leadership & pay

8 people listed

People named in this filing

  • AMBER BAXTER (Director)
  • KEVIN BROECKER (Director)
  • AARON GAROFOLA (Director)

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

To provide training opportunities to incumbent and dislocated workers and help to build a pipeline of skilled workers for our future workforce needs.

What it reported doing in 2024

Current target areas of Shelby County Associated Industries include workforce development, recruitment, retention, education, and continuous improvement. The board oversees a training consortium which arranges training courses based on the requests and needs of industries.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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

SUPPORTED - The filed numbers largely add up and total assets are large relative to annual expenses, but may not be spendable cash. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 55
  • Transparency & Controls: 100
  • Sustainability: 60
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 54.2%; rating input score 54
  • Program expense ratio: 56.4%; rating input score 56

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: 3.8%; rating input score 53; 53rd percentile among comparable filings
  • Total-asset coverage ratio: 4.47; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -54.5% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: -9.9% per year; rating input score 0; 24th percentile among comparable filings
  • Asset growth: 11.3% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 54.2% of revenue deployed · 56.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $20K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 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.

  • Review — Financial Efficiency: Mission deployment rate scored 54/100.
  • Review — Financial Efficiency: Program expense ratio scored 56/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Operating margin scored 53/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.