BLUEGRASS TRUST FOR HISTORIC PRESERVATION INC (EIN 610518029) - 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

1955

Legal Domicile

Principal Officer

JONATHAN COLEMAN

Phone

8592530362

Tax Period

2023-07-01 to 2024-06-30

BLUEGRASS TRUST FOR HISTORIC PRESERVATION INC, founded in 1955, is a small nonprofit in the Arts, Culture & Humanities sector that reported $399K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $799K exceeded revenue, resulting in a 101% operating deficit.

Mission

OUR MISSION IS TO BE CENTRAL KENTUCKY'S RESOURCE FOR PROTECTING, REVITALIZING, AND PROMOTING OUR HISTORIC PLACES, ENHANCING THE QUALITY OF LIFE FOR ALL. OUR VISION IS TO LIVE IN A COMMUNITY THAT HONORS ITS DIVERSE CULTURAL LEGACIES THROUGH HISTORIC PRESERVATION.

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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 $218,070

Program Service Revenue $17,715

Investment Income $88,225

Other Revenue $74,549

TOTAL REVENUE $398,559

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $367,869

Fundraising Expenses $35,509

Program Expenses $632,953

Other Expenses $331,539

TOTAL EXPENSES $799,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$398,559	$457,984	-0.1%
Expenses	$799,408	$547,886	+0.5%
Net Income	$-400,849	$-89,902	+3.5%

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

100

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
EUGENE YOUNG	TREASURER	5.00	Officer Director	$0	$0	$0
JANIE-RICE BROTHER	DIRECTOR	1.00	Director	$0	$0	$0
GENEVA DONALDSON	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN PETERS	SECRETARY	5.00	Officer Director	$0	$0	$0
DAVE ELBON	DIRECTOR	1.00	Director	$0	$0	$0
STEVE GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
WANDA JACQUITH	DIRECTOR	1.00	Director	$0	$0	$0
KATHY CHOPRA	DIRECTOR	1.00	Director	$0	$0	$0
BRENNA PYE	DIRECTOR	1.00	Director	$0	$0	$0
LUCY JONES	DIRECTOR	1.00	Director	$0	$0	$0
RICK QUEEN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD SHEIN	DIRECTOR	1.00	Director	$0	$0	$0
CAROL MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MEUSER	PRESIDENT	5.00	Officer Director	$0	$0	$0
DAN VIVIAN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DIEDRA B DENNIE	DIRECTOR	1.00	Director	$0	$0	$0
EMILY BERGERON	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY FORTUNE	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP TIBBS	DIRECTOR	1.00	Director	$0	$0	$0
TERRI KELLY	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$398,559	$799,408	$5,482,268	$-400,849
2023	$457,984	$547,886	$6,506,611	$-89,902
2022	$699,603	$470,664	$6,343,781	$228,939
2021	$430,018	$302,823	$6,827,259	$127,195
2020	$500,675	$379,038	$6,014,694	$121,637
2019	$350,285	$390,591	$5,684,026	$-40,306
2018	$327,595	$351,652	$5,701,404	$-24,057

BLUEGRASS TRUST FOR HISTORIC PRESERVATION INC