Kentucky Bankers Relief Fund Company
Kentucky Bankers Relief Fund Company maintains strong assets and zero liabilities with no officer compensation.
EIN: 203405062 · Louisville, KY · NTEE: M20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $21K |
| Total Expenses | $242K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $984K |
| Transparency Score | 95/100 |
Is Kentucky Bankers Relief Fund Company Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kentucky Bankers Relief Fund Company directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kentucky Bankers Relief Fund Company
Kentucky Bankers Relief Fund Company (EIN: 203405062) is a nonprofit organization based in Louisville, KY, classified under NTEE code M20. The organization reported total revenue of $21K and total assets of $287K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kentucky Bankers Relief Fund Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kentucky Bankers Relief Fund Company is a micro nonprofit that has been operating for 21 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -33.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $572K |
| Total Expenses | $242K |
| Surplus / Deficit | +$330K |
| Total Assets | $984K |
| Net Assets | $984K |
| Operating Margin | 57.8% |
| Months of Reserves | 48.8 months |
Financial Health Grade: A
In 2023, Kentucky Bankers Relief Fund Company reported a surplus of $330K with revenue exceeding expenses, holds 48.8 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Kentucky Bankers Relief Fund Company's revenue has declined at a compound annual growth rate (CAGR) of -33.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.9% | +13.1% | +50.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kentucky Bankers Relief Fund Company with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Kentucky Bankers Relief Fund Company allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $330K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% in both 2022 and 2023 filings, indicating that no officers received compensation, which is highly favorable for a nonprofit of its size with assets approaching $1 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Kentucky Bankers Relief Fund Company:
- Zero liabilities reported in both 2022 and 2023 filings.
- Zero officer compensation reported, indicating efficient use of funds.
- Strong asset growth from $653,299 in 2022 to $983,759 in 2023.
- Consistent financial surpluses in 2022 ($866,208 revenue vs $213,812 expenses) and 2023 ($572,202 revenue vs $241,742 expenses).
Frequently Asked Questions about Kentucky Bankers Relief Fund Company
Is Kentucky Bankers Relief Fund Company a legitimate charity?
Kentucky Bankers Relief Fund Company (EIN: 203405062) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 95/100. It has 2 years of IRS 990 filings on record. Total revenue: $21K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Kentucky Bankers Relief Fund Company spend its money?
Kentucky Bankers Relief Fund Company directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Kentucky Bankers Relief Fund Company tax-deductible?
Kentucky Bankers Relief Fund Company is registered as a tax-exempt nonprofit (EIN: 203405062). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kentucky Bankers Relief Fund Company CEO make?
Kentucky Bankers Relief Fund Company's highest-compensated officer earns $1 annually. The organization reported $21K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kentucky Bankers Relief Fund Company's spending goes to programs?
Kentucky Bankers Relief Fund Company directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kentucky Bankers Relief Fund Company compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Kentucky Bankers Relief Fund Company is above average for NTEE category M20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kentucky Bankers Relief Fund Company located?
Kentucky Bankers Relief Fund Company is headquartered in Louisville, Kentucky and files with the IRS under EIN 203405062. It is classified under NTEE code M20.
How many years of IRS 990 filings does Kentucky Bankers Relief Fund Company have?
Kentucky Bankers Relief Fund Company has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $21K in total revenue.
Is Kentucky Bankers Relief Fund Company a good charity?
Based on its financial filings, the Kentucky Bankers Relief Fund Company appears to be a very good charity. It has strong asset growth, zero liabilities, and zero officer compensation, indicating efficient use of funds and a focus on its mission.
How has the organization's revenue trended?
The organization's revenue was $866,208 in 2022 and $572,202 in 2023. The latest reported revenue is $20,758, which is a significant decrease from previous years, but the organization maintains substantial assets.
What is the organization's asset growth like?
The organization's assets grew from $653,299 in 2022 to $983,759 in 2023, demonstrating strong financial growth and stability.
Filing History
IRS 990 filing history for Kentucky Bankers Relief Fund Company showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Kentucky Bankers Relief Fund Company's revenue has declined by 33.9%, moving from $866K to $572K. Total assets increased by 50.6% over the same period, from $653K to $984K. Total functional expenses rose by 13.1%, from $214K to $242K. In its most recent filing year (2023), Kentucky Bankers Relief Fund Company reported a surplus of $330K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $572K | $242K | $984K | $0 | — | — |
| 2022 | $866K | $214K | $653K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kentucky Bankers Relief Fund Company:
Data Sources and Methodology
This transparency report for Kentucky Bankers Relief Fund Company is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.