KENTUCKY TOURISM ARTS AND HERITAGE FOU (EIN 831856890) - 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

2018

Legal Domicile

Phone

8778295500

Tax Period

2022-01-01 to 2022-12-31

KENTUCKY TOURISM ARTS AND HERITAGE FOU, founded in 2018, is a micro nonprofit that reported $763 in total revenue in fiscal year 2022. Revenue surged 655% from the prior year, signaling strong growth momentum. Expenses of $1.0M exceeded revenue, resulting in a 131761% operating deficit.

Mission

TOURISM, THE ARTS AND KENTUCKY HERITAGE ARE THE FOCUS OF OUR CABINET. TOURISM DEVELOPMENT INCLUDES NEW ATTRACTIONS, NEW ACCOMMODATIONS, EXPANSION OF EXISTING TOURISM VENUES, CONVENTION/CONFERENCE MARKETING, AND SPORTS VENUES. WE ENCOURAGE AND PROVIDE SUPPORT IN MARKET DEVELOPMENT FOR OUR ARTISTS, HISTORIC DOWNTOWN REDEVELOPMENT, FILM OPPORTUNITIES, EQUINE HEADQUARTER EXPANSION, EXPANDING RECREATION OPPORTUNITIES, ATTRACTING INTERNATIONAL TRADE SHOWS OR SPORTING EVENTS, AND EXPANDING MUSEUMS AND SPECIAL EXHIBITS. ALL THESE ACTIVITIES CONTRIBUTE TO KENTUCKY'S ECONOMIC SUCCESS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $750

Program Service Revenue $0

Investment Income $13

Other Revenue $0

TOTAL REVENUE $763

Expense Breakdown

Grants Paid $1,005,343

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,005,343

Other Expenses $754

TOTAL EXPENSES $1,006,097

Year-over-Year Comparison

	2022	2021	Change
Revenue	$763	$101	+6.6%
Expenses	$1,006,097	N/A	N/A
Net Income	$-1,005,334	$101	-9954.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MARIAN DAVIS	DIRECTOR	Director	$0	$0	$0
JONATHAN DAVID LANG	DIRECTOR	Director	$0	$0	$0
MISSY MATTHEWS	DIRECTOR	Director	$0	$0	$0
MARGARET E MILLIGAN	DIRECTOR	Director	$0	$0	$0
PATRICK	DIRECTOR	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
2022	$763	$1,006,097	No data	$-1,005,334
2021	$101	No data	$1,005,334	No data
2020	$1,230	No data	$1,005,233	No data
2019	$19,630	$15,627	$1,004,003	$4,003

KENTUCKY TOURISM ARTS AND HERITAGE FOU