THE COMMUNITY FOUNDATION OF LOUISV… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

RONALD GALLO

Phone

5025854649

Tax Period

2024-07-01 to 2025-06-30

THE COMMUNITY FOUNDATION OF LOUISVILLE INC, founded in 1984, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $99.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $33.0M, a strong 33% operating margin.

Mission

TO MOBILIZE PEOPLE, NETWORKS, AND CAPITAL TO SPARK MEANINGFUL CHANGE IN AND BEYOND LOUISVILLE. WE CONNECT PHILANTHROPIC INVESTMENTS WITH RELEVANT CAUSES. THE FOUNDATION HAS ADDRESSED AND CONTINUES TO ADDRESS A WIDE RANGE OF COMMUNITY NEEDS. THE KEY PRIORITIES OF THE FOUNDATION'S MISSION ARE TO REMOVE BARRIERS TO ACCESSING CAPITAL AND RESOURCES AND TO OPEN OPPORTUNITIES FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $59,361,012 Revenue: $2,075,413

DISTRIBUTE CONTRIBUTIONS AND GRANTS TO 501(C)(3) ORGANIZATIONS CLASSIFIED AS 509(A).

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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 $52,400,050

Program Service Revenue $2,075,413

Investment Income $44,637,657

Other Revenue $0

TOTAL REVENUE $99,113,120

Expense Breakdown

Grants Paid $57,573,751

Salaries & Benefits $4,929,727

Fundraising Expenses $1,776,433

Program Expenses $59,361,012

Other Expenses $3,642,803

TOTAL EXPENSES $66,146,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$99,113,120	$90,144,485	+0.1%
Expenses	$66,146,281	$60,861,518	+0.1%
Net Income	$32,966,839	$29,282,967	+0.1%

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

$1,309,226

Total Directors

Key Employees

$181,985

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH FUST	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
LOPA MEHROTRA	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL W GOUGH	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
DANA JACKSON	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
DEBORAH B WILLIAMS	DIRECTOR, TO 09/24	1.00	Director	$0	$0	$0
DAVID CALZI	DIRECTOR, TO 11/24	1.00	Director	$0	$0	$0
CURT SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
BETH S PEABODY	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN ZEPEDA	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH ROUNSAVALL	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN KERTIS	DIRECTOR	1.00	Director	$0	$0	$0
THEODORE NIXON	DIRECTOR	1.00	Director	$0	$0	$0
CARL L WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
MOSES ICYISHAKA	DIRECTOR	1.00	Director	$0	$0	$0
SUMMER AUERBACH	DIRECTOR	1.00	Director	$0	$0	$0
ARMON PERRY	DIRECTOR	1.00	Director	$0	$0	$0
KRIS SIRCHIO	DIRECTOR	1.00	Director	$0	$0	$0
KARINA BARILLAS	DIRECTOR	1.00	Director	$0	$0	$0
TERRIAN BARNES	DIRECTOR	1.00	Director	$0	$0	$0
AMBER HALLORAN	DIRECTOR, TO 01/25	1.00	Director	$0	$0	$0
FRANKIE JONES	DIRECTOR	1.00	Director	$0	$0	$0
VALLE JONES	DIRECTOR	1.00	Director	$0	$0	$0
BUTCH MOSBY	DIRECTOR	1.00	Director	$0	$0	$0
TENDAI CHARASIKA	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE MCCOY	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS HERNANDEZ OCAMPO	DIRECTOR	1.00	Director	$0	$0	$0
RONALD GALLO	PRESIDENT & CEO	40.00	Officer	$373,838	$11,322	$385,160
MATTHEW L BACON	COO & CFO	40.00	Officer	$277,634	$14,690	$292,324
HEATHER CASH	CHIEF PHILANTHROPY OFFICER	40.00	Officer	$153,593	$13,526	$167,119
RAMONA DALLUM	SENIOR VP, COMM LEADER, TO 05/25	40.00	Officer	$151,982	$13,546	$165,528
VALERIE SICKLES	CHIEF MARKETING OFFICER	40.00	Officer	$141,956	$12,883	$154,839
ANNE MCKUNE	VP, ADVANCEMENT	40.00	Officer	$131,345	$12,911	$144,256
ALYSSA MANNING	PRESIDENT OF FELIX E. MARTIN JR. FDN	0.00	Key Emp	$168,627	$13,358	$181,985
THOMAS REYNOLDS	CONTROLLER	40.00	Highest	$106,867	$11,743	$118,610

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	$99,113,120	$66,146,281	$766,878,624	$32,966,839
2024	$90,144,485	$60,861,518	$699,480,025	$29,282,967
2023	$143,692,154	$122,313,109	$642,554,528	$21,379,045
2022	$100,491,799	$49,879,474	$629,099,146	$50,612,325
2021	$70,628,491	$38,796,486	$675,486,716	$31,832,005
2020	$119,319,181	$45,899,287	$509,922,111	$73,419,894
2019	$65,300,611	$36,025,887	$440,534,869	$29,274,724
2018	$66,799,585	$33,978,986	$397,797,874	$32,820,599

THE COMMUNITY FOUNDATION OF LOUISVILLE INC