KENTUCKY CENTER FOR THE ARTS FOUNDATION INC

EIN: 310999046 501(c)(3) Arts, Culture & Humanities

LOUISVILLE, KY

Total Revenue
$2,802,209
Total Expenses
$3,169,744
Total Assets
$30,691,358
Net Assets
$25,836,060
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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
1980
Legal Domicile
KY
Phone
5025620100
Tax Period
2023-07-01 to 2024-06-30

KENTUCKY CENTER FOR THE ARTS FOUNDATION INC, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $3.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

Solicitation and receipt of gifts grants and contributions from individuals groups corporations and other sources public and private to finance the capital operating and programming costs of The Kentucky Center for the Arts Corporation.

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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 $1,416,713
Program Service Revenue $497,704
Investment Income $873,852
Other Revenue $13,940
TOTAL REVENUE $2,802,209

Expense Breakdown

Grants Paid $1,612,902
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,168,332
Other Expenses $1,556,842
TOTAL EXPENSES $3,169,744

Year-over-Year Comparison

2023 2022 Change
Revenue $2,802,209 $3,298,909 -0.2%
Expenses $3,169,744 $2,955,591 +0.1%
Net Income $-367,535 $343,318 -2.1%
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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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
16

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
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Todd Lowe Board Chairman 0.44
Officer Director
$0 $0 $0
Kimberly Baker Vice Chair 0.58
Officer Director
$0 $0 $0
Eileen Saunders Secretary 0.27
Officer Director
$0 $0 $0
Carolle Jones Clay Board Member 0.17
Director
$0 $0 $0
Tim Galbraith Board Member 0.27
Director
$0 $0 $0
Doug Owen Board Member 0.13
Director
$0 $0 $0
Chase Sanders Board Member 0.21
Director
$0 $0 $0
Diane Tobin Board Member 0.17
Director
$0 $0 $0
Ruth Trautwein Board Member 0.29
Director
$0 $0 $0
Lisa Zangari Board Member 0.25
Director
$0 $0 $0
Cindy Zipperle Treasurer 0.65
Officer Director
$0 $0 $0
Charles Moyer Board Member 0.21
Director
$0 $0 $0
Lillian Hunt Board Member 0.16
Director
$0 $0 $0
Brad Keller Board Member 0.10
Director
$0 $0 $0
Rolf Provan Board Member 0.10
Director
$0 $0 $0
Chris Kipper Board Member 0.17
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 $2,802,209 $3,169,744 $30,691,358 $-367,535
2023 $3,298,909 $2,955,591 $29,629,027 $343,318
2022 $2,309,948 $2,086,530 $27,350,513 $223,418
2021 $2,303,018 $1,810,619 $30,636,023 $492,399
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