LOUISVILLE GAS & ELECTRIC CO CREDIT UNION (EIN 610264130) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1934

Legal Domicile

Principal Officer

SHARON BEAVEN

Phone

5026273140

Tax Period

2023-01-01 to 2023-12-31

LOUISVILLE GAS & ELECTRIC CO CREDIT UNION, founded in 1934, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $328K, a strong 16% operating margin.

Mission

TO PROVIDE COOPERATIVE FINANCIAL SERVICES FOR MEMBERSHIP.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,220,830

Investment Income $526,434

Other Revenue $265,745

TOTAL REVENUE $2,013,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $528,476

Fundraising Expenses $0

Program Expenses $1,684,954

Other Expenses $1,156,478

TOTAL EXPENSES $1,684,954

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,013,009	$1,547,927	+0.3%
Expenses	$1,684,954	$1,306,837	+0.3%
Net Income	$328,055	$241,090	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$95,635

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD DOWDELL	DIRECTOR	1.00	Director	$0	$0	$0
JIM STEED	DIRECTOR	1.00	Director	$0	$0	$0
AARON YOCUM	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA STICKLER	DIRECTOR	1.00	Director	$0	$0	$0
JACOB MAUZEY	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE WELSH	DIRECTOR	1.00	Director	$0	$0	$0
DAN LAWSON	DIRECTOR	1.00	Director	$0	$0	$0
RICK LINDOP	DIRECTOR	1.00	Director	$0	$0	$0
MARK CRANSTON	DIRECTOR	1.00	Director	$0	$0	$0
SHARON BEAVEN	PRESIDENT	40.00	Officer	$89,378	$6,257	$95,635

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	No data	No data	No data	No data
2023	$2,013,009	$1,684,954	$45,089,473	$328,055
2022	$1,547,927	$1,306,837	$44,453,397	$241,090
2021	$1,622,065	$1,367,709	$45,678,370	$254,356
2020	$1,649,183	$1,458,103	$45,012,672	$191,080
2019	$1,695,483	$1,433,105	$40,637,301	$262,378
2018	$1,595,825	$1,323,686	$38,460,289	$272,139

LOUISVILLE GAS & ELECTRIC CO CREDIT UNION