UNIVERSITY OF LOUISVILLE FOUNDATION INC (EIN 237078461) - 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

1970

Legal Domicile

Principal Officer

KEITH SHERMAN

Phone

5022128200

Tax Period

2023-07-01 to 2024-06-30

UNIVERSITY OF LOUISVILLE FOUNDATION INC, founded in 1970, is a mid-sized nonprofit in the Education sector that reported $65.9M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $75.8M exceeded revenue, resulting in a 15% operating deficit.

Mission

THE FOUNDATION SUPPORTS THE UNIVERSITY OF LOUISVILLE (SEE SCHEDULE O) THE FOUNDATION SUPPORTS THE UNIVERSITY IN ITS EFFORTS TO MAINTAIN ITS DISTINCTION AS A PREMIER, NATIONALLY RECOGNIZED METROPOLITAN RESEARCH UNIVERSITY WHILE PROMOTING THE UNIVERSITY'S DEPARTMENTS IN THEIR EDUCATIONAL, SCIENTIFIC, AND LITERARY EFFORTS AND ENTERPRISES.

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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 $59,231,478

Program Service Revenue $0

Investment Income $118,096

Other Revenue $6,572,382

TOTAL REVENUE $65,921,956

Expense Breakdown

Grants Paid $65,826,104

Salaries & Benefits $3,533,253

Fundraising Expenses $0

Program Expenses $71,265,676

Other Expenses $6,472,610

TOTAL EXPENSES $75,831,967

Year-over-Year Comparison

	2023	2022	Change
Revenue	$65,921,956	$52,798,346	+0.2%
Expenses	$75,831,967	$79,408,065	0.0%
Net Income	$-9,910,011	$-26,609,719	-0.6%

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

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

$340,285

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY ABRAMSON	DIRECTOR	0.50	Director	$0	$0	$0
SOFYA ALTERMAN	DIRECTOR	0.50	Director	$0	$0	$0
DAVID ANDERSON	DIRECTOR	0.50	Director	$0	$0	$0
JIM BOONE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT BRINKMAN	DIRECTOR	0.50	Director	$0	$0	$0
ERNEST BROOKS	DIRECTOR	0.50	Director	$0	$0	$0
MATT CARPER	DIRECTOR	0.50	Director	$0	$0	$0
JESSICA COLE	DIRECTOR	0.50	Director	$0	$0	$0
AL CORNISH	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS DISCHINGER	DIRECTOR	0.50	Director	$0	$0	$0
JILL FORCE	CHAIR	1.00	Officer Director	$0	$0	$0
KATIE HAYDEN	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN LEDFORD	DIRECTOR	0.50	Director	$0	$0	$0
LARRY MCDONALD	SECRETARY	1.00	Officer Director	$0	$0	$0
DIANE MEDLEY	DIRECTOR	0.50	Director	$0	$0	$0
EUGENE MUELLER	DIRECTOR	0.50	Director	$0	$0	$0
KIM SCHATZEL	DIRECTOR	0.50	Director	$0	$0	$0
RUDY SPENCER	DIRECTOR	0.50	Director	$0	$0	$0
DAVID KREBS	DIRECTOR (PREVIOUS)	0.50	Director	$0	$0	$0
MARK NICKEL	DIRECTOR (PREVIOUS)	1.00	Director	$0	$0	$0
MARY NIXON	DIRECTOR (PREVIOUS)	0.50	Director	$0	$0	$0
JIM ROGERS	DIRECTOR (PREVIOUS)	0.50	Director	$0	$0	$0
JOHN THOMPSON	DIRECTOR (PREVIOUS)	0.50	Director	$0	$0	$0
KEITH SHERMAN	EXECUTIVE DIRECTOR & COO	27.50	Officer	$292,771	$47,514	$340,285
REGINA LANSKWERT	DIRECTOR OF ADMINISTRATION	43.00	Highest	$128,158	$44,078	$172,236
JUSTIN RUHL	CONTROLLER	41.00	Highest	$131,650	$43,248	$174,898

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	$65,921,956	$75,831,967	$1,161,032,051	$-9,910,011
2023	$52,798,346	$79,408,065	$1,057,025,817	$-26,609,719
2022	$57,798,687	$67,383,319	$1,030,933,372	$-9,584,632
2021	$43,496,002	$63,758,316	$1,075,988,166	$-20,262,314
2020	$66,715,351	$83,114,771	$841,865,659	$-16,399,420
2019	$57,412,218	$75,932,739	$861,586,142	$-18,520,521
2018	$71,787,421	$84,749,991	$866,487,768	$-12,962,570

UNIVERSITY OF LOUISVILLE FOUNDATION INC