KENTUCKY GROCERS & CONVENIENCE STO… - Form 990 Financial Data

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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

1941

Legal Domicile

Principal Officer

TOD GRIFFIN

Phone

5026969153

Tax Period

2023-01-01 to 2023-12-31

KENTUCKY GROCERS & CONVENIENCE STORE ASSOCIATION INC, founded in 1941, is a small nonprofit that reported $157K in total revenue in fiscal year 2023. Expenses of $142K left a modest 9% surplus.

Mission

THE MISSION OF THE KENTUCKY GROCERS AND CONVENIENCE STORE ASSOCIATION IS TO PROMOTE AND ADVANCE THE COMMON INTERESTS OF COMPANIES ENGAGED IN THE MANUFACTURE, DISTRIBUTION, OR SALE OF GROCERIES, MOTOR FUELS, AND CONSUMER CONVENIENCE PRODUCTS IN THE COMMONWEALTH OF KENTUCKY. THE ASSOCIATION PROVIDES EFFECTIVE REPRESENTATION TO GOVERNMENT AND ADVOCATES ON BEHALF OF ITS MEMBERSHIP; SUPPORTS AND STRENGTHENS THE GROCERY AND CONVENIENCE STORE INDUSTRY BY PROVIDING MEMBERS WITH EDUCATIONAL RESOURCES, NETWORKING OPPORTUNITIES, AND KEEPING MEMBERS INFORMED; AND SERVES AS A CREDIBLE INFORMATION SOURCE ON BEHALF OF THE INDUSTRY.

Program Service Accomplishments

Program 1

THE ASSOCIATION PROVIDES AND MAINTAINS EFFECTIVE REPRESENTATION FOR THE INDUSTRY THROUGH LEGISLATIVE AND REGULATORY BODIES BY MONITORING LEGISLATIVE PROCEDURES AND HOSTING A LEGISLATIVE EVENT.

Program 2

THE ASSOCIATION KEEPS MEMBERS UP TO DATE ON THE INDUSTRY BY PROVIDING HIGH QUALITY, WELL ATTENDED, EVENTS FOR THE GROCERY AND CONVENIENCE INDUSTRIES. EACH YEAR, THE ASSOCIATION HOSTS AN ANNUAL...

THE ASSOCIATION KEEPS MEMBERS UP TO DATE ON THE INDUSTRY BY PROVIDING HIGH QUALITY, WELL ATTENDED, EVENTS FOR THE GROCERY AND CONVENIENCE INDUSTRIES. EACH YEAR, THE ASSOCIATION HOSTS AN ANNUAL MEETING AND A GOLF OUTING TO BRING MEMBERS TOGETHER TO SHARE INFORMATION.

Program 3

THE ASSOCIATION PROVIDES UP-TO-DATE INFORMATION TO ITS MEMBERS ON INDUSTRY RELATED MATTERS AND ENHANCES THE PUBLIC IMAGE OF THE FOOD AND CONVENIENCE INDUSTRIES THROUGH PERSONAL, PRINTED AND...

THE ASSOCIATION PROVIDES UP-TO-DATE INFORMATION TO ITS MEMBERS ON INDUSTRY RELATED MATTERS AND ENHANCES THE PUBLIC IMAGE OF THE FOOD AND CONVENIENCE INDUSTRIES THROUGH PERSONAL, PRINTED AND ELECTRONIC COMMUNICATIONS.

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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 $60,055

Program Service Revenue $81,055

Investment Income $7,006

Other Revenue $8,973

TOTAL REVENUE $157,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $142,472

TOTAL EXPENSES $142,472

Year-over-Year Comparison

	2023	2022	Change
Revenue	$157,089	$147,475	+0.1%
Expenses	$142,472	$142,044	+0.0%
Net Income	$14,617	$5,431	+1.7%

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

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
JIMMY STEWART	CHAIR	N/A	Officer Director	$0	$0	$0
CALVIN ROBERTS	VICE CHAIR	N/A	Officer Director	$0	$0	$0
STACY SUTHERLAND	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
JAMES NEUMANN	PAST CHAIR	N/A	Officer Director	$0	$0	$0
JESSICA SHARP	DIRECTOR	N/A	Director	$0	$0	$0
GREG SIMMS	DIRECTOR	N/A	Director	$0	$0	$0
RON STAMPER	DIRECTOR	N/A	Director	$0	$0	$0
BOBBY WARREN	DIRECTOR	N/A	Director	$0	$0	$0
MARK MCCARTY	DIRECTOR	N/A	Director	$0	$0	$0
JAMES MORRIS	DIRECTOR	N/A	Director	$0	$0	$0
THOMAS NEWCOMB	DIRECTOR	N/A	Director	$0	$0	$0
LEO FITZPATRICK	DIRECTOR	N/A	Director	$0	$0	$0
JAKE JENNINGS	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN ROSE	DIRECTOR	N/A	Director	$0	$0	$0
AMY DROOKER	DIRECTOR	N/A	Director	$0	$0	$0
TOD GRIFFIN	EXECUTIVE DI	8.00	Officer	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$157,089	$142,472	$224,560	$14,617
2022	$147,475	$142,044	$210,408	$5,431
2021	$156,929	$140,489	$220,837	$16,440
2020	$146,862	$138,027	$201,985	$8,835

KENTUCKY GROCERS & CONVENIENCE STORE ASSOCIATION INC