KENTUCKY STATE BBQ FESTIVAL FOUNDATION INC (EIN 465191316) - 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

2014

Legal Domicile

Principal Officer

CYNTHIA A SIMMONS

Phone

8593322000

Tax Period

2022-01-01 to 2022-12-31

KENTUCKY STATE BBQ FESTIVAL FOUNDATION INC, founded in 2014, is a micro nonprofit that reported $5K in total revenue in fiscal year 2022. Revenue surged 5340% from the prior year, signaling strong growth momentum. Expenses of $16K exceeded revenue, resulting in a 227% operating deficit.

Mission

THE MISSION OF THE KENTUCKY STATE BBQ FESTIVAL FOUNDATION IS TO EDUCTATE THE PUBLIC ON THE HISTORY AND CULTURE OF BARBEQUE AND TO RAISE FUNDS FOR THE HEART OF KENTUCKY UNITED WAY AS WELL AS OTHER, LOCAL 501(C)(3) CHARITABLE ORGANIZATIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,000

Investment Income $5

Other Revenue $0

TOTAL REVENUE $5,005

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,000

Other Expenses $11,374

TOTAL EXPENSES $16,374

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,005	$92	+53.4%
Expenses	$16,374	$2,020	+7.1%
Net Income	$-11,369	$-1,928	+4.9%

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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
C BRADLEY SIMMONS	PRESIDENT	1.00	Officer Director	$0	$0	$0
CYNTHIA A SIMMONS	SECRETARY	1.00	Officer 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
2022	$5,005	$16,374	$4,254	$-11,369
2021	$92	$2,020	$15,623	$-1,928
2020	$60	$9,511	$17,551	$-9,451
2019	$16,351	No data	$33,102	No data
2018	$-7,950	No data	$15,623	No data

KENTUCKY STATE BBQ FESTIVAL FOUNDATION INC