LOUISVILLE FREE PUBLIC LIBRARY FOUNDATIO (EIN 610969361) - 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

1980

Legal Domicile

Principal Officer

CHANDRA GORDON

Phone

5027541702

Tax Period

2024-07-01 to 2025-06-30

LOUISVILLE FREE PUBLIC LIBRARY FOUNDATIO, founded in 1980, is a community nonprofit in the Education sector that reported $5.9M in total revenue in fiscal year 2024. The organization ran a surplus of $1.2M, a strong 20% operating margin.

Mission

TO ENHANCE THE PROGRAMS AND SERVICES OF THE LOUISVILLE FREE PUBLIC LIBRARY.

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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 $5,028,494

Program Service Revenue $0

Investment Income $902,247

Other Revenue $0

TOTAL REVENUE $5,930,741

Expense Breakdown

Grants Paid $3,899,524

Salaries & Benefits $591,417

Fundraising Expenses $414,002

Program Expenses $4,087,361

Other Expenses $250,061

TOTAL EXPENSES $4,748,577

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,930,741	$5,940,683	0.0%
Expenses	$4,748,577	$2,926,939	+0.6%
Net Income	$1,182,164	$3,013,744	-0.6%

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

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

$162,004

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS GARRETT	IMMEDIATE PAST CHAIR	2.00	Director	$0	$0	$0
MELANIE MCCOY	CHAIR	2.00	Officer Director	$0	$0	$0
BARBARA SEXTON SMITH	SECRETARY	2.00	Officer Director	$0	$0	$0
BRIAN STIVERS	TREASURER	2.00	Officer Director	$0	$0	$0
LIZ AMICK	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTEN BOONE	DIRECTOR	1.00	Director	$0	$0	$0
WALEED BAHOUTH	DIRECTOR	1.00	Director	$0	$0	$0
KENDALL BOYD	DIRECTOR	1.00	Director	$0	$0	$0
ANITA HALL	DIRECTOR	1.00	Director	$0	$0	$0
FANNIE M COX	DIRECTOR	1.00	Director	$0	$0	$0
MARCIE DEFFENBAUGH	DIRECTOR	1.00	Director	$0	$0	$0
KATY DELAHANTY	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GLASSNER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN GUPTON	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL FROCKT	DIRECTOR	1.00	Director	$0	$0	$0
FRANK HARSHAW	DIRECTOR	1.00	Director	$0	$0	$0
BILL HOLLANDER	DIRECTOR	1.00	Director	$0	$0	$0
CARRYE JONES	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA KINSER	DIRECTOR	1.00	Director	$0	$0	$0
KATHY KNOTTS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
AARON MILLER	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN LUTTNER	DIRECTOR	1.00	Director	$0	$0	$0
PHYLLIS METCALF-TURNER	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON STRICKLAND	DIRECTOR	1.00	Director	$0	$0	$0
CHANDRA GORDON	EXECUTIVE DIRECTOR	40.00	Officer	$125,811	$36,193	$162,004

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	$5,930,741	$4,748,577	$27,114,141	$1,182,164
2024	$5,940,683	$2,926,939	$24,272,920	$3,013,744
2023	$2,832,146	$1,978,950	$19,528,384	$853,196
2022	$1,410,462	$1,522,231	$17,619,266	$-111,769
2021	$2,234,605	$1,301,210	$20,601,784	$933,395
2020	$2,208,314	$1,911,763	$16,232,974	$296,551
2019	$2,579,764	$4,675,152	$15,957,299	$-2,095,388
2018	$3,775,784	$1,462,192	$18,163,741	$2,313,592

LOUISVILLE FREE PUBLIC LIBRARY FOUNDATIO