GLEAN KENTUCKY INC

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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

2010

Legal Domicile

Principal Officer

JENNIFER PALMER

Phone

8594444769

Tax Period

2025-01-01 to 2025-06-30

GLEAN KENTUCKY INC, founded in 2010, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $464K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $436K left a modest 6% surplus.

Mission

GLEAN KENTUCKY NOURISHES KENTUCKY'S HUNGRY BY RESCUING AND REDISTRIBUTING SURPLUS FRESH FOODS.

Program Service Accomplishments

Program 1

Expenses: $366,055 Revenue: $288,521

GLEAN KENTUCKY NOURISHES THE COMMONWEALTH BY RESCUING AND REDISTRIBUTING SURPLUS PRODUCE WITH THE GOAL OF ELIMINATING FOOD WASTE AND ENDING HUNGER. GLEAN KENTUCKY DOES THIS CRITICAL WORK BY SERVING AS THE NECESSARY INFRASTRUCTURE LINKING FARMERS, GROCERS, FARMERS MARKETS, ORCHARDS, AND OTHER PRODUCE SOURCES WITH ORGANIZATIONS SERVING THOSE EXPERIENCING FOOD INSECURITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $172,190

Program Service Revenue $288,521

Investment Income $3,019

Other Revenue $0

TOTAL REVENUE $463,730

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,529

Fundraising Expenses $41,810

Program Expenses $366,055

Other Expenses $313,186

TOTAL EXPENSES $435,715

Year-over-Year Comparison

	2024	2023	Change
Revenue	$463,730	$722,656	-0.4%
Expenses	$435,715	$824,072	-0.5%
Net Income	$28,015	$-101,416	-1.3%

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

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

$33,727

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRAVIS PURCELL	CHAIR	3.00	Director	$0	$0	$0
KEN HAYCRAFT	SECRETARY	3.00	Director	$0	$0	$0
ALLISON CARTER	TREASURER	3.00	Director	$0	$0	$0
EILEEN BUNCH	DIRECTOR	2.00	Director	$0	$0	$0
AMANDA PERKINS	DIRECTOR	2.00	Director	$0	$0	$0
NATALIE DICKEY	DIRECTOR	2.00	Director	$0	$0	$0
MATT MICHAUD	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER PALMER	EXECUTIVE DIRECTOR	40.00	Officer	$33,727	$0	$33,727

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
2025	$463,730	$435,715	$272,492	$28,015
2024	No data	No data	No data	No data
2023	$731,249	$733,621	$349,919	$-2,372
2022	$603,339	$609,153	$352,369	$-5,814
2021	$687,342	$614,803	$350,228	$72,539
2020	$727,164	$630,129	$281,599	$97,035
2018	$650,869	$638,068	$191,897	$12,801