BLUE GRASS FARMS CHARITIES (EIN 200374962) - Form 990 Financial Analysis & Trantor Score

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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 PROVIDE A COMPREHENSIVE SAFETY NET FOR PEOPLE WORKING IN THE CENTRAL KENTUCKY THOROUGHBRED INDUSTRY AND THEIR IMMEDIATE FAMILY MEMBERS, INCLUDING HEALTH, WELFARE, EDUCATION, HOUSING, AND CLOTHING.

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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

BLUE GRASS FARMS CHARITIES