BOURBON WOMEN ASSOCIATION

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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

HEATHER WIBBELS

Phone

5025749951

Tax Period

2023-01-01 to 2023-12-31

BOURBON WOMEN ASSOCIATION, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $717K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $160K, a strong 22% operating margin.

Mission

TO BE AN INDEPENDENT RESOURCE AND INSPIRATIONAL FORUM FOR BRINGING WOMEN OF ALL AGE GROUPS TOGETHER COLLECTIVELY TO SHARE OUR BOURBON AFFINITY.

Program Service Accomplishments

Program 1

TO PROMOTE THE HISTORY AND HERITAGE OF BOURBON THROUGH EDUCATION, WHILE PARTNERING WITH THE BOURBON INDUSTRY TO ENRICH THE ECONOMIC IMPACT AND TO ACT AS A CATALYST IN ENGAGING THE FEMALE MARKET.

Program 2

TO HOLD EVENTS THROUGHOUT THE YEAR TO ALLOW MEMBERS AND NON-MEMBERS AN OPPORTUNITY TO MINGLE, NETWORK AND LEARN ABOUT BOURBON AND OTHER SPIRITS.

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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 $121,555

Program Service Revenue $567,197

Investment Income $398

Other Revenue $27,675

TOTAL REVENUE $716,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,750

Fundraising Expenses $0

Other Expenses $474,022

TOTAL EXPENSES $556,772

Year-over-Year Comparison

	2023	2022	Change
Revenue	$716,825	$540,569	+0.3%
Expenses	$556,772	$478,257	+0.2%
Net Income	$160,053	$62,312	+1.6%

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

N/A

Volunteers

N/A

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

$82,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET HORLANDER	CHAIR	1.00	Officer Director	$0	$0	$0
STEFFANI SCHEURICH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CAROL OTTO	TREASURER	1.00	Officer Director	$0	$0	$0
DEB COPELAND	SECRETARY	1.00	Officer Director	$0	$0	$0
SARAH BRYANT	DIRECTOR	1.00	Director	$0	$0	$0
ALICIA BURTON	DIRECTOR	1.00	Director	$0	$0	$0
FELICIA CORBETT	DIRECTOR	1.00	Director	$0	$0	$0
ERICA FIELDS	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE FITZPATRICK	DIRECTOR	1.00	Director	$0	$0	$0
SARAH BETH HACKMAN	DIRECTOR	1.00	Director	$0	$0	$0
EULALIA HOUSE	DIRECTOR	1.00	Director	$0	$0	$0
EBONI MAJOR	DIRECTOR	1.00	Director	$0	$0	$0
KRISTY OFFUT	COMPLIANCE OFFICER	1.00	Officer Director	$0	$0	$0
SUSAN REIGLER	BOARD ADVISOR	1.00	Director	$0	$0	$0
KIM RICE	DIRECTOR	1.00	Director	$0	$0	$0
PEGGY STEVENS	CHAIR EMERITUS	1.00	Director	$0	$0	$0
TRINA SUMMERS	DIRECTOR	1.00	Director	$0	$0	$0
HAMILTON THIERSCH	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA TORP	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER WIBBELS	MANAGING DIRECTOR	40.00	Officer	$58,750	$0	$58,750
CAROL ORMAY	DIRECTOR OF BRANCH OPERATIONS	20.00	Officer	$24,000	$0	$24,000

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$716,825	$556,772	$261,211	$160,053
2022	$540,569	$478,257	$97,961	$62,312
2021	$390,688	$375,933	$54,171	$14,755
2020	$119,801	$177,427	$52,963	$-57,626
2019	$279,334	$283,394	$60,447	$-4,060
2018	$235,490	$229,560	$64,255	$5,930