UNIVERSITY OF LOUISVILLE TRUST

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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

1983

Legal Domicile

Principal Officer

TINA SPAGNOLO

Phone

4124488772

Tax Period

2024-07-01 to 2025-06-30

UNIVERSITY OF LOUISVILLE TRUST, founded in 1983, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 54% operating margin.

Mission

SUPPORT OF EDUCATIONAL PROGRAMS AND SERVICES AT THE UNIVERSITY OF LOUISVILLE

Program Service Accomplishments

Program 1

Expenses: $1,392,976

TO PROMOTE AND ENHANCE ACADEMIC EXCELLENCE OF UNIVERSITY OF LOUISVILLE AND QUALITY OF SUPPORTING PROGRAMS BY OPERATING EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, EDUC. PURPOSES PER 501(C)(3).

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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 $212,356

Program Service Revenue $0

Investment Income $3,267,264

Other Revenue $0

TOTAL REVENUE $3,479,620

Expense Breakdown

Grants Paid $1,357,205

Salaries & Benefits $178,858

Fundraising Expenses $0

Program Expenses $1,392,976

Other Expenses $53,193

TOTAL EXPENSES $1,589,256

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,479,620	$2,183,454	+0.6%
Expenses	$1,589,256	$1,532,062	+0.0%
Net Income	$1,890,364	$651,392	+1.9%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	1.0		$178,858	$0	$178,858

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	$3,479,620	$1,589,256	$28,265,203	$1,890,364
2024	$2,183,454	$1,532,062	$26,383,290	$651,392
2023	$1,586,335	$1,474,645	$25,726,290	$111,690
2022	$2,330,921	$2,243,650	$25,617,752	$87,271
2021	$2,153,545	$257,765	$25,514,608	$1,895,780
2020	$1,411,552	$1,106,283	$23,633,958	$305,269
2019	$2,266,974	$1,344,169	$23,328,686	$922,805