BOURBON HEIGHTS 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

1964

Legal Domicile

Principal Officer

TOM DAVIS

Phone

8599875750

Tax Period

2023-10-01 to 2024-09-30

BOURBON HEIGHTS INC, founded in 1964, is a mid-sized nonprofit in the Health Care sector that reported $10.6M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $10.0M left a modest 6% surplus.

Mission

BOURBON HEIGHTS, INC. STRIVES TO ENHANCE THE QUALITY OF LIFE FOR ELDERLY INDIVIDUALS RESIDING IN BOURBON COUNTY AS WELL AS SURROUNDING COUNTIES.

Program Service Accomplishments

Program 1

Expenses: $8,944,412 Revenue: $10,238,425

THE CORPORATION'S PRINCIPAL ACTIVITY IS PROVIDING NURSING CARE AND RETIREMENT SERVICES THROUGH 109 LICENSED BEDS AND 29 APARTMENTS.

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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 $85,161

Program Service Revenue $10,179,686

Investment Income $261,331

Other Revenue $58,355

TOTAL REVENUE $10,584,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,687,679

Fundraising Expenses $0

Program Expenses $8,944,412

Other Expenses $6,271,936

TOTAL EXPENSES $9,959,615

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,584,533	$8,776,864	+0.2%
Expenses	$9,959,615	$9,264,222	+0.1%
Net Income	$624,918	$-487,358	-2.3%

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

187

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
DR MANDY MCCAULEY THORNBERRY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
SHEA ERNEST	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE BALES	VICE CHAIR	2.00	Officer Director	$0	$0	$0
HARRY B PARK	SECRETARY	2.00	Officer Director	$0	$0	$0
JEFF BELL	DIRECTOR	2.00	Director	$0	$0	$0
WAYNE LOGAN	DIRECTOR	2.00	Director	$0	$0	$0
MARIE SMART	DIRECTOR	2.00	Director	$0	$0	$0
ASA MCCRACKEN	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY STIDAM	ADMINISTRATOR	40.00	Highest	$120,080	$0	$120,080

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	$10,584,533	$9,959,615	$10,489,470	$624,918
2023	$8,776,864	$9,264,222	$3,002,802	$-487,358
2022	$8,949,519	$9,281,234	$3,349,614	$-331,715
2021	$8,949,965	$8,952,769	$3,530,682	$-2,804
2020	$8,949,568	$8,414,461	$3,704,960	$535,107
2019	$8,012,920	$7,955,297	$2,649,969	$57,623
2018	$8,104,008	$8,145,507	$2,489,559	$-41,499