KENTUCKY BOURBON FESTIVAL INC (EIN 611315359) - 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

1997

Legal Domicile

Principal Officer

CORDELL LAWRENCE

Phone

5023483623

Tax Period

2024-01-01 to 2024-12-31

KENTUCKY BOURBON FESTIVAL INC, founded in 1997, is a community nonprofit in the Recreation & Sports sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum.

Mission

KENTUCKY BOURBON EDUCATION

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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 $2,269,663

Program Service Revenue $0

Investment Income $56

Other Revenue $356

TOTAL REVENUE $2,270,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $253,677

Fundraising Expenses $0

Program Expenses $2,178,581

Other Expenses $1,970,058

TOTAL EXPENSES $2,223,735

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,270,075	$1,580,671	+0.4%
Expenses	$2,223,735	$1,559,961	+0.4%
Net Income	$46,340	$20,710	+1.2%

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

200

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

$162,635

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID MANDELL	CHAIRPERSON	10.00	Officer	$0	$0	$0
CORDELL LAWRENCE	VICE-CHAIR	6.00	Officer	$0	$0	$0
DONALD BLINCOE	TREASURER	6.00	Officer	$0	$0	$0
ANDREW WIEHEBRINK	SECRETARY	6.00	Officer	$0	$0	$0
RANDELL PRASSE	EXECUTIVE DIRECTOR	40.00	Key Emp	$162,635	$0	$162,635
MELISSA HORTON	DIRECTOR	6.00	Officer	$0	$0	$0
TONY KAMER	DIRECTOR	6.00	Officer	$0	$0	$0
STACEY PHELPS	DIRECTOR	6.00	Officer	$0	$0	$0
TREVOR BOWELS	DIRECTOR	6.00	Officer	$0	$0	$0
CHRIS MORRIS	DIRECTOR	6.00	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
2024	$2,270,075	$2,223,735	$340,423	$46,340
2023	$1,580,671	$1,559,961	$318,184	$20,710
2022	$1,477,302	$1,394,134	$214,654	$83,168
2021	$557,026	$659,100	$112,411	$-102,074
2020	$199,025	$311,268	$176,425	$-112,243
2019	$331,494	$385,722	$279,452	$-54,228
2018	$303,277	$346,732	$337,302	$-43,455

KENTUCKY BOURBON FESTIVAL INC