KENTUCKY DISTILLERS' ASSOCIATION

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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

1940

Legal Domicile

Principal Officer

ERIC GREGORY

Phone

5028759351

Tax Period

2023-01-01 to 2023-12-31

KENTUCKY DISTILLERS' ASSOCIATION, founded in 1940, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE THE HISTORY AND GROWTH OF THE BOURBON INDUSTRY AND ITS MEMBERS.

Program Service Accomplishments

Program 1

THE KENTUCKY BOURBON TRAIL TOUR IS A TOURIST ATTRACTION FEATURING MULTIPLE DISTILLERIES WHERE VISITORS CAN LEARN ABOUT THE ART, SCIENCE, AND HISTORY BEHIND KENTUCKY'S SIGNATURE BOURBON INDUSTRY.

Program 2

INDUSTRY MEETINGS, CONFERENCES, SPONSORSHIPS, PUBLIC RELATIONS, GOVERNMENT RELATIONS, AND OTHER EDUCATIONAL ACTIVITIES ON BEHALF OF KENTUCKY DISTILLERIES REPRESENTING NEARLY 90% OF THE ENTIRE BOURBON...

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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 $2,525,009

Program Service Revenue $0

Investment Income $2,726

Other Revenue $450,916

TOTAL REVENUE $2,978,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,444,172

Fundraising Expenses $0

Other Expenses $1,684,971

TOTAL EXPENSES $3,129,143

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,978,651	$2,640,347	+0.1%
Expenses	$3,129,143	$2,800,262	+0.1%
Net Income	$-150,492	$-159,915	-0.1%

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

$407,382

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA PENDERGRASS	CHAIR	N/A	Officer Director	$0	$0	$0
CHRIS MORRIS	IMMEDIATE PA	N/A	Director	$0	$0	$0
KEN LEWIS	VICE CHAIR	N/A	Officer Director	$0	$0	$0
GIGI DADAN	SECRETARY	N/A	Officer Director	$0	$0	$0
RYAN ASHLEY	TREASURER	N/A	Officer Director	$0	$0	$0
CRADY DEGOLIAN	DIRECTOR	N/A	Director	$0	$0	$0
MARK ERWIN	DIRECTOR	N/A	Director	$0	$0	$0
MARCO BARASSI	CHAIR	N/A	Officer Director	$0	$0	$0
WILL ARVIN	DIRECTOR	N/A	Director	$0	$0	$0
ERIC GREGORY	PRESIDENT	40.00	Officer	$359,226	$48,156	$407,382
ANTOINE SMITH	DIRECTOR	N/A	Director	$0	$0	$0
ERIKA LAPISH	DIRECTOR	N/A	Director	$0	$0	$0
ANDREA WILSON	DIRECTOR	N/A	Director	$0	$0	$0
KAVEH ZAMANIAN	DIRECTOR	N/A	Director	$0	$0	$0
TYLER HARRIS	DIRECTOR	N/A	Director	$0	$0	$0
BRITT KULSVEEN	DIRECTOR	N/A	Director	$0	$0	$0
LYNNE DANT	CRAFT LEVEL	N/A	Director	$0	$0	$0
CLAY SMITH	EDUCATIONAL	N/A	Director	$0	$0	$0
RAY FRANKLIN	PROOF LEVEL	N/A	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	$2,978,651	$3,129,143	$2,232,774	$-150,492
2022	$2,640,347	$2,800,262	$2,254,995	$-159,915
2021	$2,797,064	$2,146,503	$2,314,441	$650,561
2020	$2,029,388	$1,695,353	$1,936,942	$334,035
2019	$2,893,807	$2,651,066	$1,172,179	$242,741
2018	$2,314,006	$2,357,468	$583,013	$-43,462