THE NUCLEUS REAL PROPERTIES 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

2013

Legal Domicile

Principal Officer

KEITH SHERMAN

Phone

5028527300

Tax Period

2020-07-01 to 2020-11-09

THE NUCLEUS REAL PROPERTIES INC, founded in 2013, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2020. Revenue surged 101% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.1M, a strong 65% operating margin.

Mission

TO FURTHER THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE UNIVERSITY OF LOUISVILLE FOUNDATION, INC.

Program Service Accomplishments

Program 1

Expenses: $2,105,678 Revenue: $6,292,812

DEVELOPMENT AND MANAGEMENT OF THE PROPERTY AND IMPROVEMENTS LOCATED AT THE CORNER OF MARKET AND SHELBY STREETS IN LOUISVILLE, KENTUCKY.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,158,733

Investment Income $0

Other Revenue $5,134,079

TOTAL REVENUE $6,292,812

Expense Breakdown

Grants Paid $500,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,105,678

Other Expenses $1,692,027

TOTAL EXPENSES $2,192,027

Year-over-Year Comparison

	2020	2019	Change
Revenue	$6,292,812	$3,129,074	+1.0%
Expenses	$2,192,027	$4,680,234	-0.5%
Net Income	$4,100,785	$-1,551,160	-3.6%

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
KEITH SHERMAN	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID ANDERSON	DIRECTOR	0.50	Director	$0	$0	$0
NEELI BENDAPUDI	DIRECTOR	0.50	Director	$0	$0	$0
JIM BOONE	DIRECTOR	0.50	Director	$0	$0	$0
PAUL CARRICO	DIRECTOR	0.50	Director	$0	$0	$0
JOHN CHILTON	DIRECTOR	0.50	Director	$0	$0	$0
JILL FORCE	DIRECTOR	0.50	Director	$0	$0	$0
SANDRA FRAZIER	DIRECTOR	0.50	Director	$0	$0	$0
DAVID KREBS	DIRECTOR	0.50	Director	$0	$0	$0
LARRY MCDONALD	DIRECTOR	0.50	Director	$0	$0	$0
MARK NICKEL	DIRECTOR	0.50	Director	$0	$0	$0
MARY NIXON	DIRECTOR	0.50	Director	$0	$0	$0
JASPER NOBLE	DIRECTOR (PREVIOUS)	0.50	Director	$0	$0	$0
KEN PAYNE	DIRECTOR	0.50	Director	$0	$0	$0
EARL REED	VICE CHAIR & SECRETARY	1.00	Officer Director	$0	$0	$0
JIM ROGERS	DIRECTOR	0.50	Director	$0	$0	$0
JOHN SMITH	DIRECTOR	0.50	Director	$0	$0	$0
JOHN THOMPSON	DIRECTOR	0.50	Director	$0	$0	$0
KRISTA WALLACE-BOAZ	DIRECTOR (PREVIOUS)	0.50	Director	$0	$0	$0
SABRINA COLLINS	DIRECTOR	0.50	Director	$0	$0	$0
DAVID SCHULTZ	DIRECTOR	0.50	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
2020	$6,292,812	$2,192,027	No data	$4,100,785
2019	$3,139,812	$4,475,494	$33,569,409	$-1,335,682
2018	$2,957,367	$3,471,756	$34,904,784	$-514,389