University of Louisville Research Foundation

EIN: 611029626 501(c)(3) Education

Louisville, KY

Total Revenue
$651,047,384
Total Expenses
$635,018,020
Total Assets
$966,604,917
Net Assets
$266,327,221
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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
1984
Legal Domicile
KY
Phone
5028526164
Tax Period
2023-07-01 to 2024-06-30

University of Louisville Research Foundation, founded in 1984, is a major nonprofit in the Education sector that reported $651.0M in total revenue in fiscal year 2023.

Mission

The University of Louisville Research Foundation is organized for the purpose of promoting and supporting research projects, investigations, clinical services, and other activities relating to the missions of the University of Louisville.

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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 (2023)

Revenue Breakdown

Contributions & Grants $238,444,007
Program Service Revenue $405,992,716
Investment Income $-269,420
Other Revenue $6,880,081
TOTAL REVENUE $651,047,384

Expense Breakdown

Grants Paid $74,142,916
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $624,037,932
Other Expenses $560,875,104
TOTAL EXPENSES $635,018,020

Year-over-Year Comparison

2023 2022 Change
Revenue $651,047,384 $631,925,790 +0.0%
Expenses $635,018,020 $589,921,931 +0.1%
Net Income $16,029,364 $42,003,859 -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

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Governance

Voting Members
13
Independent Members
10
Employees
N/A
Volunteers
12

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
11
$2,909,959
Total Directors
15
$277,014
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Diane B Medley Treasurer 0.5
Officer Director
$0 $0 $0
Diane Porter Vice Chair 0.5
Officer Director
$0 $0 $0
James M Rogers Secretary to 1/12/24 0.5
Officer Director
$0 $0 $0
Laurence Benz Chair 0.5
Officer Director
$0 $0 $0
Alfonso Cornish Director 0.5
Director
$0 $0 $0
Brian F Lavin Director 0.5
Director
$0 $0 $0
Christopher Dischinger Director from 4/25/24 0.5
Director
$0 $0 $0
Dr Raymond Burse Director 0.5
Director
$0 $0 $0
Eugene G Mueller Director 0.5
Director
$0 $29,670 $168,857
Jerry Abramson Director 0.5
Director
$0 $0 $0
Kevin Ledford Director 0.5
Director
$0 $22,515 $95,185
Larry Hayes Director from 4/25/24 0.5
Director
$0 $0 $0
Mary R Nixon Director to 1/12/24 0.5
Director
$0 $0 $0
Sarah K Hayden Director 0.5
Director
$0 $0 $12,972
Sherrill Zimmerman Director 0.5
Director
$0 $0 $0
Charles Perusse Vice President from 5/13/24 0.5
Officer
$0 $0 $0
Daniel A Durbin Vice President to 5/12/24 0.5
Officer
$0 $56,228 $550,294
Dr Kim Schatzel President 0.5
Officer
$0 $290,624 $1,221,581
Dr Thomas Gerard Bradley Vice President 0.5
Officer
$0 $58,186 $658,680
Jon B Klein MD PhD Vice President from 2/13/24 0.5
Officer
$0 $0 $0
Kevin H Gardner PhD Vice President to 2/12/24 0.5
Officer
$0 $48,732 $368,990
Kyle J Beamer Assistant Secretary 0.5
Officer
$0 $24,105 $110,414
Dr Beth Boehm Former Vice President N/A
$0 $48,367 $324,039
Lori Gonzalez PhD Former President N/A
$0 $34,432 $458,625
Prof Enid Trucios-Haynes Former Treasurer N/A
$0 $42,892 $203,218
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 $651,047,384 $635,018,020 $966,604,917 $16,029,364
2023 $631,925,790 $589,921,931 $977,253,553 $42,003,859
2022 $675,356,464 $631,642,385 $946,253,585 $43,714,079
2021 $598,374,107 $540,984,744 $226,534,794 $57,389,363
2020 $510,749,298 $440,333,234 $160,209,784 $70,416,064
2019 $462,613,103 $451,123,965 $122,946,158 $11,489,138
2018 $427,128,688 $442,272,819 $108,885,647 $-15,144,131
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