Bluegrass Sports Commission 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

1997

Legal Domicile

Principal Officer

Kris Zander

Phone

8592558710

Tax Period

2023-01-01 to 2023-12-31

Bluegrass Sports Commission Inc, founded in 1997, is a small nonprofit in the Recreation & Sports sector that reported $369K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $415K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO ATTRACT AND SUPPORT NEW AND EXISTING SPORTS EVENTS AT ANY LEVEL, SUCH AS THE BLUEGRASS STATE GAMES, TO THE CENTRAL KENTUCKY AREA.

Program Service Accomplishments

Program 1

Expenses: $216,190

PROMOTE AND ADMINISTER VARIOUS SPORTING EVENTS IN CENTRAL KENTUCKY SUCH AS A MIDSUMMER NIGHT'S RUN AND THE BREEDER'S CUP.

Program 2

Expenses: $155,790

THE ANNUAL BLUEGRASS STATE GAMES PROVIDE KENTUCKIANS AN AVENUE FOR PERSONAL DEVELOPMENT THROUGH SPORTS AND FOR REWARDS AND ACKNOWLEDGEMENT IN ATHLETIC EVENTS THROUGHOUT KENTUCKY. APPROXIMATELY 5,700...

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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 $75,000

Program Service Revenue $285,590

Investment Income $573

Other Revenue $8,213

TOTAL REVENUE $369,376

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,587

Fundraising Expenses $0

Program Expenses $371,980

Other Expenses $335,442

TOTAL EXPENSES $415,029

Year-over-Year Comparison

	2023	2022	Change
Revenue	$369,376	$874,573	-0.6%
Expenses	$415,029	$763,228	-0.5%
Net Income	$-45,653	$111,345	-1.4%

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

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
David Bertram	Chair	1.00	Officer Director	$0	$0	$0
Lee Carter	Director	1.00	Director	$0	$0	$0
Butch Cope	Director	1.00	Director	$0	$0	$0
Brigid DeVries	Secretary	1.00	Officer Director	$0	$0	$0
Sam Dunn	Director	1.00	Director	$0	$0	$0
Joe Fields	Director	1.00	Director	$0	$0	$0
Rick Ford	Director	1.00	Director	$0	$0	$0
Vince Gabbert	Director	1.00	Director	$0	$0	$0
Gene Guinn	Director	1.00	Director	$0	$0	$0
Tom Harris	Director	1.00	Director	$0	$0	$0
Wes Hogan	Director	1.00	Director	$0	$0	$0
Phil Holoubek	Treasurer	1.00	Officer Director	$0	$0	$0
Ken Jackson	Director	1.00	Director	$0	$0	$0
Cindy Jacobelli	Director	1.00	Director	$0	$0	$0
Brian Lane	Director	1.00	Director	$0	$0	$0
Dan Metzger	Director	1.00	Director	$0	$0	$0
Emily Mooring	Director	1.00	Director	$0	$0	$0
Bryan Pettigrew	Director	1.00	Director	$0	$0	$0
Bob Quick	Director	1.00	Director	$0	$0	$0
Geoff Reed	Director	1.00	Director	$0	$0	$0
Kim Shelton	Director	1.00	Director	$0	$0	$0
Tiffany Yeast	Director	1.00	Director	$0	$0	$0
Kris Zander	Vice Chair	1.00	Officer 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	No data	No data	No data	No data
2023	$369,376	$415,029	$327,844	$-45,653
2022	$874,573	$763,228	$393,497	$111,345
2021	$282,524	$269,749	$248,176	$12,775
2020	$166,127	$264,560	$92,826	$-98,433
2019	$680,401	$622,727	$59,572	$57,674
2018	$581,145	$583,592	$2,052	$-2,447