KENTUCKY HORSE PARK FOUNDATION INC (EIN 621257717) - 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

1985

Legal Domicile

Principal Officer

CLAY GREEN

Phone

8592555727

Tax Period

2024-06-01 to 2025-05-31

KENTUCKY HORSE PARK FOUNDATION INC, founded in 1985, is a community nonprofit in the Recreation & Sports sector that reported $1.8M in total revenue in fiscal year 2024. Expenses of $1.7M left a modest 8% surplus.

Mission

THE KENTUCKY HORSE PARK FOUNDATION'S SOLE PURPOSE IS TO PROVIDE SUPPORT FOR THE KENTUCKY HORSE PARK.

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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 $1,337,421

Program Service Revenue $77,691

Investment Income $561,230

Other Revenue $-142,543

TOTAL REVENUE $1,833,799

Expense Breakdown

Grants Paid $0

Salaries & Benefits $408,046

Fundraising Expenses $125,141

Program Expenses $1,341,130

Other Expenses $1,278,097

TOTAL EXPENSES $1,686,143

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,833,799	$1,862,668	0.0%
Expenses	$1,686,143	$1,637,767	+0.0%
Net Income	$147,656	$224,901	-0.3%

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

Volunteers

460

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

$179,212

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN CRUMB	BOARD MEMBER	2.00	Director	$0	$0	$0
JANE BESHEAR	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES BAUGHMAN	FINANCE DIRECTOR	10.00	Officer Director	$0	$0	$0
DEREK BRAUN	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH CALDWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
KATIE O'BRIEN	BOARD MEMBER	1.00	Director	$0	$0	$0
STUART BROWN II	BOARD MEMBER	1.00	Director	$0	$0	$0
LULU DAVIS	DEVELOPMENT DIRECTOR	10.00	Officer Director	$0	$0	$0
BARCLAY DE WET	BOARD MEMBER	1.00	Director	$0	$0	$0
TAWANA EDWARDS	GRANTS DIRECTOR	10.00	Officer Director	$0	$0	$0
JENNIE GARLINGTON	BOARD MEMBER	0.50	Director	$0	$0	$0
CLAY GREEN	CHAIR	35.00	Officer Director	$0	$0	$0
DEBBIE LONG	BOARD MEMBER	0.50	Director	$0	$0	$0
BILL HILLIARD	BOARD MEMBER	0.50	Director	$0	$0	$0
ANDREW JACOBS	VICE CHAIR	20.00	Officer Director	$0	$0	$0
LAMON HARKNESS JEWETT	BOARD MEMBER	0.50	Director	$0	$0	$0
BILL JUSTICE	BOARD MEMBER	2.00	Director	$0	$0	$0
DEBBIE SPIKE-PIERCE	BOARD MEMBER	2.00	Director	$0	$0	$0
DEIRDRE LYONS	BOARD MEMBER	1.00	Director	$0	$0	$0
ZEFF MALONEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDY MILLER	BOARD MEMBER	2.00	Director	$0	$0	$0
MAEGAN NICHOLSON	BOARD MEMBER	2.00	Director	$0	$0	$0
JANIE MUSSELMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY JANE NUCKOLS	BOARD MEMBER	0.50	Director	$0	$0	$0
ORSON OLIVER	TREASURER	5.00	Officer Director	$0	$0	$0
NICOLE PIERATT	SECRETARY	5.00	Officer Director	$0	$0	$0
WALT ROBERTSON JR	BOARD MEMBER	5.00	Director	$0	$0	$0
WALT ROBERTSON SR	NOMINATING DIRECTOR	10.00	Officer Director	$0	$0	$0
JUSTIN SAUTTER	BOARD MEMBER	5.00	Director	$0	$0	$0
MARTHA SLAUGHTER	BOARD MEMBER	10.00	Director	$0	$0	$0
DONNA WARD	BOARD MEMBER	2.00	Director	$0	$0	$0
BECKY JORDAN	BOARD MEMBER	2.00	Director	$0	$0	$0
TERI KESSLER	BOARD MEMBER	0.50	Director	$0	$0	$0
ELOISE PENN	BOARD MEMBER	2.00	Director	$0	$0	$0
HUTTON GOODMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA LOURIE	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER MADDEN	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID RUDDER	BOARD MEMBER	0.50	Director	$0	$0	$0
MARIAN ZEITLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM BAKER	BOARD MEMBER	0.50	Director	$0	$0	$0
DEMETRIA BLAIR	BOARD MEMBER	10.00	Director	$0	$0	$0
JAMES MILLER	BOARD MEMBER	2.00	Director	$0	$0	$0
AMY DIX ROCK	BOARD MEMBER	2.00	Director	$0	$0	$0
ELIZABETH ROBBINS	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN MEYER	EXECUTIVE DIRECTOR	40.00	Key Emp	$179,212	$0	$179,212

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	$1,833,799	$1,686,143	$14,375,994	$147,656
2024	$1,862,668	$1,637,767	$13,974,283	$224,901
2023	$1,440,880	$1,628,545	$12,166,672	$-187,665
2022	$2,119,028	$1,546,956	$11,891,530	$572,072
2021	$3,581,356	$2,777,610	$13,093,355	$803,746
2020	$2,438,056	$1,225,769	$10,595,697	$1,212,287

KENTUCKY HORSE PARK FOUNDATION INC