Louisville Water Foundation (EIN 462069742) - 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

2013

Legal Domicile

Phone

5025693683

Tax Period

2024-01-01 to 2024-12-31

Louisville Water Foundation, founded in 2013, is a small nonprofit in the Environment sector that reported $526K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Net assets of $1.1M represent 26 months of operating reserves.

Mission

The Foundation seeks to improve the health and well-being of the communities we serve and around the world by providing water assistance and water education.

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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 $488,192

Program Service Revenue $0

Investment Income $38,191

Other Revenue $0

TOTAL REVENUE $526,383

Expense Breakdown

Grants Paid $459,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $500,845

Other Expenses $53,806

TOTAL EXPENSES $513,006

Year-over-Year Comparison

	2024	2023	Change
Revenue	$526,383	$599,311	-0.1%
Expenses	$513,006	$573,923	-0.1%
Net Income	$13,377	$25,388	-0.5%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jim Grunow	Board Member, Chairperson	1.0	Officer Director	$0	$0	$0
Lynn Pearson	Board Member, Treasurer	1.0	Officer Director	$0	$0	$0
Michael Tigue	Board Member, Secretary	1.0	Officer Director	$0	$0	$0
Spencer Bruce	Board Member, President	1.0	Officer Director	$0	$0	$0
David Glenn	Board Member	1.0	Director	$0	$0	$0
Emily Fritz	Board Member	1.0	Director	$0	$0	$0
Greg Heitzman	Board Member	1.0	Director	$0	$0	$0
Jennifer Fust-Rutherford	Board Member (Through Jan 2024)	1.0	Director	$0	$0	$0
Keith Meriwether	Board Member (Through Oct 2024)	1.0	Director	$0	$0	$0
Kimberly Reed	Board Member	1.0	Director	$0	$0	$0
Terrence Spence	Board Member	1.0	Director	$0	$0	$0
Tony Parrot	Board Member	1.0	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	$2,526,383	$513,006	$3,173,273	$2,013,377
2024	$526,383	$513,006	$1,173,273	$13,377
2023	$599,311	$573,923	$1,137,336	$25,388
2022	$466,919	$709,268	$1,112,182	$-242,349
2021	$4,579,865	$5,440,096	$1,355,242	$-860,231
2020	$2,406,605	$373,337	$2,215,908	$2,033,268
2019	$456,416	$417,522	$382,013	$38,894
2018	$405,398	$413,443	$143,689	$-8,045

Louisville Water Foundation