BLUE GRASS FARMS CHARITIES

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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

2003

Legal Domicile

Principal Officer

JULIE KWASNIEWSI

Phone

8592190910

Tax Period

2023-01-01 to 2023-12-31

BLUE GRASS FARMS CHARITIES, founded in 2003, is a small nonprofit in the Religion sector that reported $334K in total revenue in fiscal year 2023. The organization ran a surplus of $54K, a strong 16% operating margin.

Mission

TO MAINTAIN A COMPREHENSIVE ENRICHMENT CENTER WITH ASSISTANCE TO PERSONS WORKING IN CENTRAL KENTUCKY'S THOROUGHBRED INDUSTRY. INCLUDES COUNSELING, HOUSING AND UTILITIES ASSISTANCE, FOOD AND CLOTHING, MEDICAL AND DENTAL, REFERRAL SOURCES & BEREAVEMENT AID. THE CHARITY ALSO CONDUCTS FREE HEALTH AND DENTAL SCREENINGS FOR LOW-WAGE EARNERS AND THEIR IMMEDIATE FAMILY MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $130,245 Revenue: $170,769

THE CHARITY ADDRESSES THE ISSUES OF HUNGER, HOMELESSNESS, HEALTH CARE AND CLOTHING FOR EQUINE WORKERS AND THEIR FAMILIES. THE "TACK ROOM" PROGRAM STOCKS FOOD, HOUSEHOLD AND HYGIENE SUPPLIES, SEASON APPROPRIATE CLOTHING, AND OFFERS EMERGENCY FINANCIAL AID FOR UTILITIES, GAS, HOUSING, AND MEDICAL CARE. THE CHARITY ALSO DELIVERS ON A WEEKLY BASIS FREE FRESH FRUITS AND PERISHABLE FOODS DIRECTLY TO THE FARM WORKERS. HEALTH CLINICS ARE OFFERED ON A ROTATING BASIS.

Program 2

Expenses: $70,313 Revenue: $149,679

THE CHRISTMAS HOLIDAY CELEBRATION IS AN ANNUAL EVENT THAT MAKES SURE EVERY FARM WORKER CHILD CAN EXPERIENCE THE JOY OF RECEIVING DURING THE CHRISTMAS HOLIDAY. THE HOLIDAY CELEBRATION PROVIDES NOT...

THE CHRISTMAS HOLIDAY CELEBRATION IS AN ANNUAL EVENT THAT MAKES SURE EVERY FARM WORKER CHILD CAN EXPERIENCE THE JOY OF RECEIVING DURING THE CHRISTMAS HOLIDAY. THE HOLIDAY CELEBRATION PROVIDES NOT ONLY A PLACE WHERE FARM WORKER FAMILIES FROM DIFFERENT LOCATIONS, FARMS AND TRAINING CENTERS COME TOGETHER TO SHARE A HOT HOLIDAY MEAL, BUT IT IS ALSO FULFILLMENT OF A HAPPY CHRISTMAS FOR CHILDREN, WITH VISITS WITH SANTA CLAUS, AS WELL AS NEW TOYS AND SPECIAL GIFTS FOR EVERY CHILD.

Program 3

Expenses: $46,034

THE CHARITY PROVIDES BACK-TO-SCHOOL BACKPACKS STUFFED WITH SCHOOL SUPPLIES FOR FARM WORKER FAMILY CHILDREN IN GRADES K-5. VOLUNTEERS DELIVER THE BACKPACKS FOR THE WORKER CHILDREN TO THE INDIVIDUAL...

THE CHARITY PROVIDES BACK-TO-SCHOOL BACKPACKS STUFFED WITH SCHOOL SUPPLIES FOR FARM WORKER FAMILY CHILDREN IN GRADES K-5. VOLUNTEERS DELIVER THE BACKPACKS FOR THE WORKER CHILDREN TO THE INDIVIDUAL FARMS, AND EACH YEAR THE NUMBER OF BACKPACKS HAS GROWN.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $232,208

Program Service Revenue $0

Investment Income $6,187

Other Revenue $95,217

TOTAL REVENUE $333,612

Expense Breakdown

Grants Paid $122,171

Salaries & Benefits $110,427

Fundraising Expenses $11,043

Program Expenses $246,592

Other Expenses $47,299

TOTAL EXPENSES $279,897

Year-over-Year Comparison

	2023	2022	Change
Revenue	$333,612	$347,809	0.0%
Expenses	$279,897	$310,964	-0.1%
Net Income	$53,715	$36,845	+0.5%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

150

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GIBSON WILHITE	DIRECTOR	2.00	Director	$0	$0	$0
AMY MCLEAN	DIRECTOR	2.00	Director	$0	$0	$0
AMY NAVE	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS RIDDLE	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS THORNBURY	TRESURER	2.00	Officer Director	$0	$0	$0
WALTER HILLENMEYER	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK MASSON	DIRECTOR	2.00	Director	$0	$0	$0
KARI WEST	DIRECTOR	2.00	Director	$0	$0	$0
EMILY ALBERTI	DIRECTOR	2.00	Director	$0	$0	$0
SHARON BRADLEY	DIRECTOR	2.00	Director	$0	$0	$0
GEMMA FREEMAN	DIRECTOR	2.00	Director	$0	$0	$0
JULIE CAUTHEN	DIRECTOR	2.00	Director	$0	$0	$0
GONZALO MALUENDA	DIRECTOR	2.00	Director	$0	$0	$0
DAVID SMITH	DIRECTOR	2.00	Director	$0	$0	$0
JESSE ULLERY	PRESIDENT	2.00	Officer Director	$0	$0	$0
ADRIAN WALLACE	DIRECTOR	2.00	Director	$0	$0	$0
CLARK SHEPHERD	DIRECTOR	2.00	Director	$0	$0	$0
KYLE WILSON	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$333,612	$279,897	$370,246	$53,715
2022	$347,809	$310,964	$316,531	$36,845
2021	$364,411	$252,500	$289,690	$111,911
2020	$356,580	$287,401	$177,779	$69,179
2019	$194,331	$243,356	$108,600	$-49,025
2018	$237,676	$232,459	$162,224	$5,217