Bluegrass Hospitality Association Inc
Bluegrass Hospitality Association Inc. consistently operates at a deficit with declining assets and no executive compensation.
EIN: 161704697 · Lexington, KY · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9K |
| Total Expenses | $34K |
| Program Spending | 80% |
| Net Assets | $15K |
| Transparency Score | 65/100 |
Is Bluegrass Hospitality Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bluegrass Hospitality Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bluegrass Hospitality Association Inc
Bluegrass Hospitality Association Inc (EIN: 161704697) is a nonprofit organization based in Lexington, KY, classified under NTEE code S41. The organization reported total revenue of $9K and total assets of $13K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bluegrass Hospitality Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bluegrass Hospitality Association Inc is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $33K |
| Total Expenses | $34K |
| Surplus / Deficit | $-1,451 |
| Total Assets | $31K |
| Total Liabilities | $17K |
| Net Assets | $15K |
| Operating Margin | -4.4% |
| Debt-to-Asset Ratio | 52.5% |
| Months of Reserves | 11.0 months |
Financial Health Grade: C
In 2023, Bluegrass Hospitality Association Inc reported a deficit of $1K with expenses exceeding revenue, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 52.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bluegrass Hospitality Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +70.2% | +10.6% | -7.8% |
| 2022 | +348.0% | +25.3% | -25.5% |
| 2021 | -87.7% | -38.3% | -5.8% |
| 2020 | -16.1% | -5.1% | -9.9% |
| 2019 | +6.4% | -11.0% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bluegrass Hospitality Association Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Bluegrass Hospitality Association Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 52.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for a small organization of this size and revenue level.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bluegrass Hospitality Association Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue in most recent periods)
- Declining asset base over several years
- Low and fluctuating revenue stream
Strengths
The following positive indicators were identified for Bluegrass Hospitality Association Inc:
- Zero officer compensation reported across all filings
- Commitment to mission over executive salaries
- Long history of IRS 990 filings (13 filings)
Frequently Asked Questions about Bluegrass Hospitality Association Inc
Is Bluegrass Hospitality Association Inc a legitimate charity?
Bluegrass Hospitality Association Inc (EIN: 161704697) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $9K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Bluegrass Hospitality Association Inc spend its money?
Bluegrass Hospitality Association Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bluegrass Hospitality Association Inc tax-deductible?
Bluegrass Hospitality Association Inc is registered as a tax-exempt nonprofit (EIN: 161704697). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bluegrass Hospitality Association Inc's spending goes to programs?
Bluegrass Hospitality Association Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bluegrass Hospitality Association Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Bluegrass Hospitality Association Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bluegrass Hospitality Association Inc located?
Bluegrass Hospitality Association Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 161704697. It is classified under NTEE code S41.
How many years of IRS 990 filings does Bluegrass Hospitality Association Inc have?
Bluegrass Hospitality Association Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $9K in total revenue.
Is Bluegrass Hospitality Association Inc. financially sustainable?
The organization has frequently reported expenses exceeding revenue, such as in 2023 ($34,227 expenses vs. $32,776 revenue) and 2022 ($30,960 expenses vs. $19,254 revenue). This consistent deficit spending, coupled with declining assets from $65,947 in 2017 to $12,560 currently, raises concerns about its long-term financial sustainability without improved revenue generation or cost control.
How does the organization manage its leadership costs?
The organization reports 0% officer compensation in all available IRS 990 filings, indicating that its leadership operates on a volunteer basis or through other non-salary arrangements, which is a strong positive for cost efficiency.
What is the trend in the organization's assets?
The organization's assets have shown a declining trend over the past several years, from a high of $65,947 in 2017 to $12,560 currently, suggesting a reduction in its financial reserves.
Filing History
IRS 990 filing history for Bluegrass Hospitality Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bluegrass Hospitality Association Inc's revenue has declined by 10.1%, moving from $36K to $33K. Total assets decreased by 29.7% over the same period, from $45K to $31K. Total functional expenses fell by 4.6%, from $36K to $34K. In its most recent filing year (2023), Bluegrass Hospitality Association Inc reported a deficit of $1K, with expenses exceeding revenue. The organization holds $17K in liabilities against $31K in assets (debt-to-asset ratio: 52.5%), resulting in net assets of $15K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $33K | $34K | $31K | $17K | — | View 990 |
| 2022 | $19K | $31K | $34K | $18K | — | View 990 |
| 2021 | $4K | $25K | $46K | $18K | — | — |
| 2020 | $35K | $40K | $49K | $135 | — | View 990 |
| 2019 | $42K | $42K | $54K | $300 | — | View 990 |
| 2018 | $39K | $47K | $54K | $0 | — | — |
| 2017 | $45K | $30K | $66K | $3K | — | — |
| 2016 | $42K | $41K | $49K | $2K | — | View 990 |
| 2015 | $44K | $38K | $49K | $3K | — | View 990 |
| 2014 | $36K | $38K | $51K | $10K | — | View 990 |
| 2013 | $43K | $43K | $42K | $0 | — | View 990 |
| 2012 | $30K | $27K | $43K | $700 | — | View 990 |
| 2011 | $36K | $36K | $45K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $33K, expenses of $34K, and assets of $31K (revenue +70.2% year-over-year).
- 2022: Revenue of $19K, expenses of $31K, and assets of $34K (revenue +348.0% year-over-year).
- 2021: Revenue of $4K, expenses of $25K, and assets of $46K (revenue -87.7% year-over-year).
- 2020: Revenue of $35K, expenses of $40K, and assets of $49K (revenue -16.1% year-over-year).
- 2019: Revenue of $42K, expenses of $42K, and assets of $54K (revenue +6.4% year-over-year).
- 2018: Revenue of $39K, expenses of $47K, and assets of $54K (revenue -13.9% year-over-year).
- 2017: Revenue of $45K, expenses of $30K, and assets of $66K (revenue +7.6% year-over-year).
- 2016: Revenue of $42K, expenses of $41K, and assets of $49K (revenue -3.2% year-over-year).
- 2015: Revenue of $44K, expenses of $38K, and assets of $49K (revenue +19.8% year-over-year).
- 2014: Revenue of $36K, expenses of $38K, and assets of $51K (revenue -15.1% year-over-year).
- 2013: Revenue of $43K, expenses of $43K, and assets of $42K (revenue +43.1% year-over-year).
- 2012: Revenue of $30K, expenses of $27K, and assets of $43K (revenue -17.8% year-over-year).
- 2011: Revenue of $36K, expenses of $36K, and assets of $45K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bluegrass Hospitality Association Inc:
Data Sources and Methodology
This transparency report for Bluegrass Hospitality Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.