Answers In Genesis Of Kentucky, Inc.
Rating: 3.45 stars 11 reviews
Issues: Arts & Culture, Religion
Location: PO Box 510 Hebron KY 41048 USA
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Regardless of your personal view of the subject matter this organization is in dire financial position, even for a non-profit.
Their main assets are held within the museum they require for their operation, if we remove mission critical these assets from consideration then their total assets are around $4,000,000 with total liabilities of $11,000,000 and only $220,000 cash on hand. This organization is playing rather hard and fast with liquidity.
Further more the presidents entire family is on the payroll and the organization makes regular purchases from for profit companies owned and operated by board members. Including over $1,000,000 to Board Member Tim Dudley and new leaf publishing.
Although I have no doubt these transactions are within the letter of the law (considering the hefty amount of money they spend on legal consulting even though they also pay an in house lawyer) it always gives me pause when I see the personal enrichment of those responsible for the stewardship of public funds. Including Ken Ham doubling his compensation from $80,000 to $170,000 over the course of one year.
AIG Officer Compensation: $586,000 (5 officers)
Ham family Compensation: $322,000
And all of this while revenue at the organization dropped 13%
I've personally experienced the results of this organization in...
If I had to make changes to this organization, I would...
Liquidate and give the money to a properly managed organization.