CLASSICAL STUDIES INSTITUTE OF LOUISVILLE INC

EIN: 020792441 501(c)(3) Education

Louisville, KY

Total Revenue
$572,025
Total Expenses
$684,449
Total Assets
$229,678
Net Assets
$18,753
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
KY
Principal Officer
Rebecca Siegel
Phone
5022287787
Tax Period
2023-07-01 to 2024-06-30

CLASSICAL STUDIES INSTITUTE OF LOUISVILLE INC, founded in 2006, is a small nonprofit in the Education sector that reported $572K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $684K exceeded revenue, resulting in a 20% operating deficit.

Mission

To provide Classical Education programs to students residing in the greater Louisville area

Program Service Accomplishments

Program 1
Expenses: $684,449 Revenue: $572,025

To provide Classical Education programs to students residing in the greater Louisville area

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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 (2023)

Revenue Breakdown

Contributions & Grants $54,183
Program Service Revenue $507,357
Investment Income $0
Other Revenue $10,485
TOTAL REVENUE $572,025

Expense Breakdown

Grants Paid $0
Salaries & Benefits $500,270
Fundraising Expenses $0
Program Expenses $684,449
Other Expenses $184,179
TOTAL EXPENSES $684,449

Year-over-Year Comparison

2023 2022 Change
Revenue $572,025 $505,330 +0.1%
Expenses $684,449 $475,642 +0.4%
Net Income $-112,424 $29,688 -4.8%
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
7
Independent Members
7
Employees
21
Volunteers
9

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
4
$0
Total Directors
10
$58,944
Key Employees
1
$58,944
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Greg Markowitz Head of School (beg. 9.10.2022)Non voting Director 40
Director Key Emp
$58,944 $0 $58,944
Kristan Milam Director/Treasurer beg. 3/22 Board member beg. 10/20 40
Officer Director
$0 $0 $0
Rebecca Siegel Director(beg1.12.22)President/Chair(beg.5.25.22) 5
Officer Director
$0 $0 $0
Tiffany Calvert Secretary beg. 4.2.2022 Sec/Board end 5.30.2023 2
Officer Director
$0 $0 $0
Lauren Freeman Director beg 9.1.2021/Vice Chair beg. 5.25.2022 5
Officer Director
$0 $0 $0
Michael Buckman Director (beg. 8.23.2022) 3
Director
$0 $0 $0
Sandra Harris Director (beg. 1.31.2023) 3
Director
$0 $0 $0
Christy Hoke Director (end 5.30.2023) 2
Director
$0 $0 $0
Liz Archer-Nanda Director 7.25.2023-5.30.2024 2
Director
$0 $0 $0
Megan Barriger Director beg. 4.16.2024 2
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 No data No data No data No data
2024 $572,025 $684,449 $229,678 $-112,424
2023 $505,330 $475,642 $235,640 $29,688
2022 $565,641 $636,125 $151,085 $-70,484
2021 $796,868 $681,155 $286,152 $115,713
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