DERBY CELEBRATION INC

EIN: 811231510

LEXINGTON, KY

Total Revenue
$443,651
Total Expenses
$107,474
Total Assets
$14,085
Net Assets
$14,085
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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
2016
Legal Domicile
KY
Principal Officer
JAMES KENTON PLEASANTS
Phone
8594102377
Tax Period
2019-01-01 to 2019-12-31

DERBY CELEBRATION INC, founded in 2016, is a small nonprofit that reported $444K in total revenue in fiscal year 2019. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $336K, a strong 76% operating margin.

Mission

THE ORGANIZATION AND MANAGEMENT OF EVENTS FOR THE PROMOTION OF ECONOMIC DEVELOPMENT AND TOURISM IN THE COMMONWEALTH OF KENTUCKY.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $10,092
Program Service Revenue $433,559
Investment Income $0
Other Revenue $0
TOTAL REVENUE $443,651

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $100,100
Other Expenses $107,474
TOTAL EXPENSES $107,474

Year-over-Year Comparison

2019 2018 Change
Revenue $443,651 $482,511 -0.1%
Expenses $107,474 $813,458 -0.9%
Net Income $336,177 $-330,947 -2.0%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE CRAFT DIRECTOR 0.50
Director
$0 $0 $0
SELMA OWENS VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
JAMES KENTON PLEASANTS PRESIDENT 0.50
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
2019 $443,651 $107,474 $14,085 $336,177
2018 $482,511 $813,458 $27,908 $-330,947
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