KENTUCKY EXPOSITION FOUNDATION INC (EIN 862876430) - 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

2021

Legal Domicile

Principal Officer

SAM CORBETT

Phone

5025884071

Tax Period

2023-01-01 to 2023-12-31

KENTUCKY EXPOSITION FOUNDATION INC, founded in 2021, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $247K in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $217K left a modest 12% surplus.

Mission

TO ADVANCE KENTUCKY'S AGRICULTURE AND TOURISM INDUSTRIES AND ECONOMY WHILE SERVING THE ENTERTAINMENT, CULTURAL, AND EDUCATIONAL INTERESTS OF THE PUBLIC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $186,210

Program Service Revenue $0

Investment Income $61,052

Other Revenue $0

TOTAL REVENUE $247,262

Expense Breakdown

Grants Paid $185,477

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $185,477

Other Expenses $31,620

TOTAL EXPENSES $217,097

Year-over-Year Comparison

	2023	2022	Change
Revenue	$247,262	$2,232,774	-0.9%
Expenses	$217,097	$68,092	+2.2%
Net Income	$30,165	$2,164,682	-1.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT SHOENBERGER	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN DANESI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TANDY C PATRICK	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
WARREN BEELER	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN BIVENS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLIE BOYD	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE GOGGIN	BOARD MEMBER	1.00	Director	$0	$0	$0
H DAVID WALLACE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBIN WEBB	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID SNOWDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
ORSON OLIVER	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$247,262	$217,097	$2,455,315	$30,165
2022	$2,232,774	$68,092	$2,165,164	$2,164,682

KENTUCKY EXPOSITION FOUNDATION INC