BARDSTOWN HISTORIC DEVELOPMENT CORPORATION (EIN 610843132) - 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

1973

Legal Domicile

Principal Officer

BILL CONWAY

Phone

5023482999

Tax Period

2024-01-01 to 2024-12-31

BARDSTOWN HISTORIC DEVELOPMENT CORPORATION, founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $303K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $81K, a strong 27% operating margin.

Mission

EDUCATE INDIVIDUALS ON THE HISTORY OF BARDSTOWN, KY

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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 $58,800

Program Service Revenue $1,580

Investment Income $10,946

Other Revenue $231,516

TOTAL REVENUE $302,842

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,116

Fundraising Expenses $0

Program Expenses $168,336

Other Expenses $159,339

TOTAL EXPENSES $221,455

Year-over-Year Comparison

	2024	2023	Change
Revenue	$302,842	$335,696	-0.1%
Expenses	$221,455	$173,651	+0.3%
Net Income	$81,387	$162,045	-0.5%

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

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

$47,600

Total Directors

$47,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL CONWAY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
PAUL MCCOY	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
JACK REIN	DIRECTOR/CURATOR	40.00	Officer Director	$47,600	$0	$47,600
FRANCIS X SMITH	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID HALL	DIRECTOR	2.00	Director	$0	$0	$0
JEANETTE CANTRELL	DIRECTOR	2.00	Director	$0	$0	$0
KEITH WEST	DIRECTOR	2.00	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
2024	$302,842	$221,455	$1,211,403	$81,387
2023	$335,696	$173,651	$1,129,963	$162,045
2022	$238,313	$131,886	$969,233	$106,427
2021	$369,872	$167,200	$861,820	$202,672
2020	$248,554	$147,001	$658,803	$101,553
2019	$146,978	$140,251	$562,406	$6,727
2018	$147,081	$135,752	$555,432	$11,329

BARDSTOWN HISTORIC DEVELOPMENT CORPORATION