Louisville Visual Art Inc

EIN: 610492348 501(c)(3) Arts, Culture & Humanities

Louisville, KY

Total Revenue
$805,128
Total Expenses
$875,023
Total Assets
$2,740,477
Net Assets
$2,459,414
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1942
Legal Domicile
KY
Principal Officer
Angela Hagan
Phone
5025848166
Tax Period
2024-06-01 to 2025-05-31

Louisville Visual Art Inc, founded in 1942, is a small nonprofit in the Arts, Culture & Humanities sector that reported $805K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Net assets of $2.5M represent 37 months of operating reserves.

Mission

To improve lives through visual arts education, community outreach, and artist support.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $568,712
Program Service Revenue $164,908
Investment Income $26,610
Other Revenue $44,898
TOTAL REVENUE $805,128

Expense Breakdown

Grants Paid $0
Salaries & Benefits $405,140
Fundraising Expenses $101,857
Program Expenses $438,038
Other Expenses $469,883
TOTAL EXPENSES $875,023

Year-over-Year Comparison

2024 2023 Change
Revenue $805,128 $944,724 -0.1%
Expenses $875,023 $903,994 0.0%
Net Income $-69,895 $40,730 -2.7%
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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Governance

Voting Members
17
Independent Members
17
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
3
$68,975
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Beverly Cote President 1.00
Officer Director
$0 $0 $0
Nicole Humphrey Treasurer 1.00
Officer Director
$0 $0 $0
Don Cartwright Board Member 1.00
Director
$0 $0 $0
Jon Cherry Board Member 1.00
Director
$0 $0 $0
Jake Theisen Board Member 1.00
Director
$0 $0 $0
Andrew Cozzens Board Member 1.00
Director
$0 $0 $0
Conor Murphy Board Member 1.00
Director
$0 $0 $0
Nathaniel Spencer Board Member 1.00
Director
$0 $0 $0
Sarah Clevenger Board Member 1.00
Director
$0 $0 $0
Christopher Fuller Board Member 1.00
Director
$0 $0 $0
Steve Heine Board Member 1.00
Director
$0 $0 $0
Julie Hohmann Board Member 1.00
Director
$0 $0 $0
Jessica Kincaid Board Member 1.00
Director
$0 $0 $0
Ann Klem Board Member 1.00
Director
$0 $0 $0
Marti Kuehn Board Member 1.00
Director
$0 $0 $0
Laura Ott Board Member 1.00
Director
$0 $0 $0
Tabb Ormsby Board Member 1.00
Director
$0 $0 $0
Leslie Parker Board Member 1.00
Director
$0 $0 $0
Lucy Stansbury Board Member 1.00
Director
$0 $0 $0
Mary Pat Stickler Board Member 1.00
Director
$0 $0 $0
Chris Whelan Board Member 1.00
Director
$0 $0 $0
Angela Hagan Executive Director 40.00
Officer
$68,975 $0 $68,975
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 $805,128 $875,023 $2,740,477 $-69,895
2024 $944,724 $903,994 $3,031,510 $40,730
2023 $1,058,076 $1,047,277 $2,955,312 $10,799
2022 $1,768,956 $806,718 $2,968,309 $962,238
2021 $888,951 $643,364 $2,087,386 $245,587
2020 $690,462 $646,419 $1,471,978 $44,043
2019 $728,301 $705,966 $1,387,191 $22,335
2018 $759,747 $783,063 $1,312,947 $-23,316
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