LOUISVILLE BAR FOUNDATION INC

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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

1981

Legal Domicile

Principal Officer

Jeff Been

Phone

5025835314

Tax Period

2023-01-01 to 2023-12-31

LOUISVILLE BAR FOUNDATION INC, founded in 1981, is a small nonprofit in the Crime & Legal sector that reported $255K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $41K, a strong 16% operating margin.

Mission

To raise and distribute funds in the form of grants to not-for-profit organizations in the Louisville area that provide legal services to the poor and disadvantaged, conduct programs to educate citizens about the law, and support improvements and access to the justice system.

Program Service Accomplishments

Program 1

Expenses: $40,000 Revenue: $0

Kentucky Refugee Ministries - Immigration Legal Services: Kentucky Refugee Ministries provides legal services to immigrants who have resettled in the Louisville area. Many of these immigrants need to file applications with U.S. Citizenship and Immigration Services for permanent residence status or to petition for asylum. In recent years the number of requests for legal assistance far exceeded staff capacity, creating backlogs and waiting lists. The LBF grant will provide funds for KRM to strategically build staff capacity to meet this increased need and reduce the backlog and wait time. The grant also provides partial fee subsidies for immigrants who cannot afford to pay the entire cost of preparing and filing these documents.

Program 2

Expenses: $15,000 Revenue: $0

Legal Aid Society - Violence Intervention and Prevention Project: Legal Aid Society has a long tradition of serving the civil legal needs of low-income individuals and families in Metro Louisville...

Legal Aid Society - Violence Intervention and Prevention Project: Legal Aid Society has a long tradition of serving the civil legal needs of low-income individuals and families in Metro Louisville. Its Violence Intervention and Prevention is a new program to provide legal information and representation to interrupt and redress violent crime in Metro Louisville. It will offer direct civil legal services to low-income survivors of violent injury and work to eliminate barriers these survivors face when seeking legal assistance and victims' rights enforcement. LBF funds will serve as a "match" to leverage other funds for staffing this new program.

Program 3

Expenses: $15,000 Revenue: $0

Legal Aid Society - Doctors & Lawyers for Kids: Doctors & Lawyers for Kids is a collaborative effort of the Legal Aid Society, LBA, U of L Pediatrics, and Family Health Centers that assists children from low-income families by training healthcare providers to recognize unmet legal needs that affect patient health and by having free legal services available to families in need. LBF funds will be used to support services to the Smoketown Family Wellness Center and other pediatric settings.

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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 $129,905

Program Service Revenue $0

Investment Income $113,569

Other Revenue $11,587

TOTAL REVENUE $255,061

Expense Breakdown

Grants Paid $169,500

Salaries & Benefits $32,459

Fundraising Expenses $15,574

Program Expenses $169,500

Other Expenses $12,100

TOTAL EXPENSES $214,059

Year-over-Year Comparison

	2023	2022	Change
Revenue	$255,061	$227,591	+0.1%
Expenses	$214,059	$203,738	+0.1%
Net Income	$41,002	$23,853	+0.7%

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

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

$30,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeffrey A Been	Executive Director	15	Key Emp	$0	$0	$30,000
Philip C Eschels	Past President	1.0	Officer Director	$0	$0	$0
Gretchen C Avery	President	1.0	Officer Director	$0	$0	$0
Charles H Stopher	President Elect	1.0	Officer Director	$0	$0	$0
Sara V Judd	Vice President & Treasurer	1	Officer Director	$0	$0	$0
Gregory T Dutton	Secretary	1.00	Officer Director	$0	$0	$0
Bruce A Brightwell	Director	0.20	Director	$0	$0	$0
Kelly White Bryant	Director	0.20	Director	$0	$0	$0
J Christopher Coffman	Director	0.20	Director	$0	$0	$0
Nicole T Cook	Director	0.20	Director	$0	$0	$0
Jameson L Gay	Director	0.20	Director	$0	$0	$0
Cynthia B Doll	Director	0.20	Director	$0	$0	$0
Dean Melanie Jacobs	Director	0.20	Director	$0	$0	$0
Ingrid V Geiser	Director	0.20	Director	$0	$0	$0
Janet P Jakubowicz	Director	0.20	Director	$0	$0	$0
Hon Angela Johnson	Director	0.20	Director	$0	$0	$0
Samuel E Jones	Director	0.20	Director	$0	$0	$0
Jessica R C Malloy	Director	0.20	Director	$0	$0	$0
Loren T Prizant	Director	0.20	Director	$0	$0	$0
Beth McMasters	Director	0.20	Director	$0	$0	$0
Joseph C Ventura	Director	0.20	Director	$0	$0	$0
Michelle D Wyrick	Director	0.20	Director	$0	$0	$0
Samuel G Graber	Tax Counsel	0.20	Director	$0	$0	$0
Seth Gladstein	LBA Representative	0.20	Director	$0	$0	$0
Bryan R Armstrong	LBA Representative	0.20	Director	$0	$0	$0
Kate Lacy Crosby	LBA Representative	0.20	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
2024	No data	No data	No data	No data
2023	$255,061	$214,059	$3,860,264	$41,002
2022	$227,591	$203,738	$3,419,112	$23,853
2021	$351,983	$207,650	$4,044,215	$144,333