GREATER LOUISVILLE MEDICAL SOCIETY FOUNDATION INC

EIN: 610598020 501(c)(3) Health Care

LOUISVILLE, KY

Total Revenue
$695,137
Total Expenses
$607,292
Total Assets
$8,110,156
Net Assets
$8,000,817
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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
1958
Legal Domicile
KY
Principal Officer
BERT T GUINN
Phone
5025892001
Tax Period
2024-04-01 to 2025-03-31

GREATER LOUISVILLE MEDICAL SOCIETY FOUNDATION INC, founded in 1958, is a small nonprofit in the Health Care sector that reported $695K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $607K left a modest 13% surplus.

Mission

TO SUPPORT THE MEDICAL SOCIETY AND INITIATIVES THAT IMPROVE THE HEALTH AND WELL-BEING OF PHYSICIANS AND OUR COMMUNITY.

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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 $155,296
Program Service Revenue $0
Investment Income $553,697
Other Revenue $-13,856
TOTAL REVENUE $695,137

Expense Breakdown

Grants Paid $206,837
Salaries & Benefits $0
Fundraising Expenses $77,986
Program Expenses $366,979
Other Expenses $400,455
TOTAL EXPENSES $607,292

Year-over-Year Comparison

2024 2023 Change
Revenue $695,137 $540,005 +0.3%
Expenses $607,292 $626,573 0.0%
Net Income $87,845 $-86,568 -2.0%
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

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
40

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
1
$238,387
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTINA LOWE SECRETARY 2.00
Director
$0 $0 $0
FRANK BURNS MD SCHOLARSHIP CO-CHAIR PARITAL YEAR 1.00
Director
$0 $0 $0
GREG EHRHARD GRANTS CHAIR 1.00
Director
$0 $0 $0
PATRICIA PURCELL MD GLMS BOARD CHAIR 0.50
Director
$0 $0 $0
JOHN ROBERTS MD FND BOARD CHAIR 2.00
Director
$0 $0 $0
MONALISA TAILOR MD CH&W CO-CHAIR 1.00
Director
$0 $0 $0
WAYNE TUCKSON MD TRUSTEE 1.00
Director
$0 $0 $0
JAMES PATRICK MURPHY TRUSTEE 1.00
Director
$0 $0 $0
JONATHAN BILBRO MD TREASURER 2.00
Director
$0 $0 $0
JEREMY CLARK MD SCHOLARSHIP CO-CHAIR PARITAL YEAR 1.00
Director
$0 $0 $0
CORENZA TOWNSEND TRUSTEE 1.00
Director
$0 $0 $0
SAM YARED SENIOR PHYSICIANS COMMITTE 1.00
Director
$0 $0 $0
LEWIS HARGETT MD GLMS PRESIDENT 0.50
Director
$0 $0 $0
THOMAS HIGGINS MD GLMS PRESIDENT ELECT 0.50
Director
$0 $0 $0
JOHN KOLTER MD TRUSTEE 1.00
Director
$0 $0 $0
BERT GUINN FOUNDATION DIRECTOR 20.00
Officer
$0 $39,393 $238,387
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 $695,137 $607,292 $8,110,156 $87,845
2024 $540,005 $626,573 $8,125,406 $-86,568
2023 $471,861 $511,091 $7,566,405 $-39,230
2022 $647,136 $504,869 $8,306,156 $142,267
2021 $622,177 $279,238 $8,164,377 $342,939
2020 $384,389 $349,073 $6,157,241 $35,316
2019 $350,529 $388,935 $6,838,021 $-38,406
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