BLUEGRASS AGTECH DEVELOPMENT CORP (EIN 932009788) - 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

2022

Legal Domicile

Principal Officer

LINDA GORTON

Phone

8593468097

Tax Period

2025-01-01 to 2025-12-31

BLUEGRASS AGTECH DEVELOPMENT CORP, founded in 2022, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $35K in total revenue in fiscal year 2025. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $551K exceeded revenue, resulting in a 1471% operating deficit.

Mission

BLUEGRASS AGTECH DEVELOPMENT CORP WAS ESTABLISHED BY A GROUP OF LEADING CIVIC, FARMING AND RESEARCH ENTITIES: THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT, THE KENTUCKY DEPARTMENT OF AGRICULTURE, THE UNIVERSITY OF KENTUCKY MARTIN-GATTON COLLEGE OF AGRICULTURE, FOOD AND ENVIRONMENT, AND ALLTECH. OUR GOAL? TO HELP MAKE KENTUCKY THE AGRICULTURAL TECHNOLOGY CAPITAL OF THE UNITED STATES. THIS GOAL IS AMBITIOUS BUT ATTAINABLE. OUR STATE IS ALREADY EMERGING AS A LEADER IN THE INDUSTRY, AND BLUEGRASS AGTECH PROVIDES A UNIQUELY EFFECTIVE ECOSYSTEM FOR ACCELERATING THAT GROWTH, WITH MULTIPLE BENEFITS TO OUR STATE AND ITS PEOPLE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $37

Program Service Revenue $0

Investment Income $35,013

Other Revenue $0

TOTAL REVENUE $35,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $473,104

Other Expenses $550,604

TOTAL EXPENSES $550,604

Year-over-Year Comparison

	2025	2024	Change
Revenue	$35,050	$1,284,348	-1.0%
Expenses	$550,604	$431,954	+0.3%
Net Income	$-515,554	$852,394	-1.6%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACOB BALL	EXECUTIVE DI	N/A	Director	$0	$0	$0
LINDA GORTON	PRESIDENT	N/A	Officer	$0	$0	$0
DR KYLE MCKINNEY	VICE-PRESIDE	N/A	Officer	$0	$0	$0
JONATHAN SHELL	TREASURER	N/A	Officer	$0	$0	$0
DR LAURA STEPHENSON	SECRETARY	N/A	Officer	$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	$35,050	$550,604	$1,030,100	$-515,554
2023	$250,345	$54,321	$196,024	$196,024

BLUEGRASS AGTECH DEVELOPMENT CORP