LOUISVILLE INDEPENDENT BUSINESS ALLIANCE INC (EIN 205025267) - 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

2008

Legal Domicile

Principal Officer

JENNIFER RUBENSTEIN

Phone

5025004669

Tax Period

2025-01-01 to 2025-12-31

LOUISVILLE INDEPENDENT BUSINESS ALLIANCE INC, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $276K in total revenue in fiscal year 2025. Expenses of $261K left a modest 5% surplus.

Mission

To cultivate the unique community character of the Metro Louisville area by promoting locally-owned, independent businesses and to educate citizens on the value of purchasing locally.

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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 $130,738

Program Service Revenue $144,952

Investment Income $117

Other Revenue $0

TOTAL REVENUE $275,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,536

Fundraising Expenses $2,117

Other Expenses $151,747

TOTAL EXPENSES $261,283

Year-over-Year Comparison

	2025	2024	Change
Revenue	$275,807	$261,791	+0.1%
Expenses	$261,283	$269,042	0.0%
Net Income	$14,524	$-7,251	-3.0%

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

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
JENNIFER RUBENSTEIN	EXECUTIVE DIRECTOR	40.00		$57,720	$0	$57,720
LESLIE SPANYER	N/A	20.00		$43,880	$0	$43,880
LAUREN HENDRICKS	President	5.00	Officer	$0	$0	$0
CYNTHIA BROWN	Vice President	5.00	Officer	$0	$0	$0
CRYSTEN MINZENBERGER	Treasurer	5.00	Officer	$0	$0	$0
RAEGAN STREMEL	Secretary	5.00	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	$275,807	$261,283	$37,761	$14,524
2024	$261,791	$269,042	$23,237	$-7,251
2023	$255,741	$294,506	$30,488	$-38,765
2022	$236,074	$229,252	$67,639	$6,822
2021	$245,250	$215,213	$58,539	$30,037
2020	$192,428	$169,983	$28,483	$22,445
2019	$240,962	$243,895	$6,036	$-2,933
2018	$251,356	$250,393	$8,942	$963

LOUISVILLE INDEPENDENT BUSINESS ALLIANCE INC