Louisville Film Arts Institute Inc (EIN 261351217) - 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

Brian Cullinan

Phone

5028930300

Tax Period

2024-01-01 to 2024-12-31

Louisville Film Arts Institute Inc, founded in 2008, is a micro nonprofit in the Recreation & Sports sector that reported $7K in total revenue in fiscal year 2024.

Mission

To maintain the Louisville International Festival of Film (LIFF) while supporting the vision of independent filmmakers by embracing diversity, talent and culture of the region. To provide opportunity for high school students to learn the filmmaking industry.

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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 (2024)

Revenue Breakdown

Contributions & Grants $13,667

Program Service Revenue $0

Investment Income $0

Other Revenue $-21,091

TOTAL REVENUE $-7,424

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,996

TOTAL EXPENSES $4,996

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-7,424	$-48,105	-0.8%
Expenses	$4,996	$18,587	-0.7%
Net Income	$-12,420	$-66,692	-0.8%

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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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

$11,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dorothy Whalin	Director	2.00	Director	$6,000	$0	$6,000
Michelle Care	Treasurer	5.00	Director	$5,500	$0	$5,500
Brett Bachmann	CEO	12.00	Director	$0	$0	$0
Robert Anderson	Director	2.00	Director	$0	$0	$0
Tonya Peacock	Director	2.00	Director	$0	$0	$0
Brian Cullinan	Co-President	10.00	Officer	$0	$0	$0
Conrad Bachmann	Co-President	15.00	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
2024	$-7,424	$4,996	$81,680	$-12,420
2023	$-48,105	$18,587	$94,135	$-66,692
2022	$-27,020	$16,339	$161,981	$-43,359
2021	$174,116	$10,824	$206,187	$163,292
2020	$34,440	$12,706	$43,985	$21,734
2019	$2,166	$9,775	$28,044	$-7,609
2018	$-18,049	$9,896	$31,106	$-27,945

Louisville Film Arts Institute Inc