SOKY MARKETPLACE 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

2014

Legal Domicile

Principal Officer

SARAH BESSINGER

Phone

2707822760

Tax Period

2024-01-01 to 2024-12-31

SOKY MARKETPLACE INC, founded in 2014, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $339K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $69K, a strong 20% operating margin.

Mission

THE PURPOSE OF GATEWAY FARMERS MARKET, INC. IS TO PROVIDE HEALTHY, FRESH FOOD AND HORTICULTURAL PRODUCTS IN SOUTH CENTRAL KENTUCKY AND SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $265,895

THE SOKY MARKETPLACE HOSTED WEEKLY FARMERS MARKETS ON SATURDAYS FROM APRIL THROUGH DECEMBER, WITH AN INDOOR MARKET DURING THE WINTER MONTHS. THE COMMUNITY KITCHEN AND CULINARY INCUBATOR, WITH...

THE SOKY MARKETPLACE HOSTED WEEKLY FARMERS MARKETS ON SATURDAYS FROM APRIL THROUGH DECEMBER, WITH AN INDOOR MARKET DURING THE WINTER MONTHS. THE COMMUNITY KITCHEN AND CULINARY INCUBATOR, WITH OUTFITTED EQUIPMENT FROM GRANT FUNDS AND CONTRIBUTIONS ALLOWS FARMERS AND GROWING FOOD BUSINESSES TO ENHANCE THEIR PRODUCTS BY CREATING VALUE-ADDED ITEMS. FURTHERMORE, THE SOKY MARKETPLACE HOSTS THE SOKY ICE RINK ON BEHALF OF THE COUNTY WHICH ENCOURAGES COMMERCE IN WARREN COUNTY, BRINGS NEW CUSTOMERS TO THE FARMERS MARKET, AND ENCOURAGES HEALTHY HABITS.

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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 $93,122

Program Service Revenue $245,712

Investment Income $0

Other Revenue $0

TOTAL REVENUE $338,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,885

Fundraising Expenses $0

Program Expenses $265,895

Other Expenses $263,863

TOTAL EXPENSES $269,748

Year-over-Year Comparison

	2024	2023	Change
Revenue	$338,834	$602,157	-0.4%
Expenses	$269,748	$356,581	-0.2%
Net Income	$69,086	$245,576	-0.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NIKKI KOLLER	PRESIDENT	N/A	Officer Director	$0	$0	$0
LEAH SPURLIN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
SARAH BESSINGER	TREASURER	N/A	Officer Director	$0	$0	$0
LAURA BETH FOX-EZELL	SECRETARY	N/A	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
2024	$338,834	$269,748	$318,222	$69,086
2023	$602,157	$356,581	$249,136	$245,576