FIRST SATURDAY IN MAY INC

EIN: 843981968 Community Improvement

LOUISVILLE, KY

Total Revenue
$978,220
Total Expenses
$1,013,578
Total Assets
$14,783
Net Assets
$14,783
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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
2019
Legal Domicile
KY
Principal Officer
MITCHEL DENHAM
Phone
5028051468
Tax Period
2024-10-01 to 2025-09-30

FIRST SATURDAY IN MAY INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $978K in total revenue in fiscal year 2024.

Mission

TO ORGANIZE AND MANAGE 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 (2024)

Revenue Breakdown

Contributions & Grants $50,000
Program Service Revenue $928,220
Investment Income $0
Other Revenue $0
TOTAL REVENUE $978,220

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $994,282
Other Expenses $1,013,578
TOTAL EXPENSES $1,013,578

Year-over-Year Comparison

2024 2023 Change
Revenue $978,220 $990,047 0.0%
Expenses $1,013,578 $964,738 +0.1%
Net Income $-35,358 $25,309 -2.4%
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
3

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN SMITH PRESIDENT 1.00
Officer Director
$0 $0 $0
JACK DULWORTH VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MITCHEL DENHAM TREASURER 1.00
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
2025 $978,220 $1,013,578 $14,783 $-35,358
2024 $990,047 $964,738 $53,141 $25,309
2023 $896,778 $938,104 $28,858 $-41,326
2022 $820,057 $758,531 $245,478 $61,526
2021 $252,103 $244,668 $240,513 $7,435
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