BLUEGRASS GOLF FOUNDATION INC

EIN: 832589056 501(c)(3) Recreation & Sports

Louisville, KY

Total Revenue
$350,226
Total Expenses
$334,372
Total Assets
$35,146
Net Assets
$35,146
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
KY
Principal Officer
Chris Redle
Phone
5023384388
Tax Period
2025-01-01 to 2025-12-31

BLUEGRASS GOLF FOUNDATION INC, founded in 2018, is a small nonprofit in the Recreation & Sports sector that reported $350K in total revenue in fiscal year 2025. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $334K left a modest 5% surplus.

Mission

The Bluegrass Golf Foundation, Inc. ("Foundation") promotes and advances the game of golf as an amateur sport through tournaments and special events. Education about options and expectations for intercollegiate competition is provided publicly. The Foundation supports programs dedicated to youth development promoting golf and its life enhancing values. Planned activities include an extensive schedule of events for junior golfers with education programs available periodically.

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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 (2025)

Revenue Breakdown

Contributions & Grants $58,706
Program Service Revenue $291,520
Investment Income $0
Other Revenue $0
TOTAL REVENUE $350,226

Expense Breakdown

Grants Paid $0
Salaries & Benefits $138,834
Fundraising Expenses $0
Program Expenses $254,308
Other Expenses $195,538
TOTAL EXPENSES $334,372

Year-over-Year Comparison

2025 2024 Change
Revenue $350,226 $275,308 +0.3%
Expenses $334,372 $270,315 +0.2%
Net Income $15,854 $4,993 +2.2%
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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Governance

Voting Members
12
Independent Members
12
Employees
20
Volunteers
12

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
$4,500
Total Directors
12
$4,500
Key Employees
1
$76,174
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chris Redle Executive Director 55
Key Emp Highest
$70,020 $6,154 $76,174
Jason England Past Chairman 3
Officer Director
$0 $4,500 $4,500
Cole Manion Chairman 3
Officer Director
$0 $0 $0
Jamie Abell Director 1
Director
$0 $0 $0
Paula Clements Director 1
Director
$0 $0 $0
Brian Courtney Director 1
Director
$0 $0 $0
Michael Finney Director 1
Director
$0 $0 $0
Kendall Johnson Director 1
Director
$0 $0 $0
Missy Kennedy Director 1
Director
$0 $0 $0
Mitchell Moore Director 1
Director
$0 $0 $0
David Stephens Director 1
Director
$0 $0 $0
Lisa Totten Director 1
Director
$0 $0 $0
Adam Whitt Director 1
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
2025 $350,226 $334,372 $35,146 $15,854
2024 $275,308 $270,315 $19,292 $4,993
2023 $268,992 $267,578 $14,299 $1,414
2022 $222,091 $219,459 $12,885 $2,632
2021 $218,813 $221,129 $10,253 $-2,316
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