THE COMMUNITY FOUNDATION OF LOUISV… - Form 990 Financial Data

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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

1986

Legal Domicile

Principal Officer

RON GALLO

Phone

5025854649

Tax Period

2023-07-01 to 2024-06-30

THE COMMUNITY FOUNDATION OF LOUISVILLE CORPORATE DEPOSITORY INC, founded in 1986, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.8M in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $8.1M exceeded revenue, resulting in a 112% operating deficit.

Mission

FOUNDED IN 1984, THE COMMUNITY FOUNDATION OF LOUISVILLE MOBILIZES PEOPLE, NETWORKS, AND CAPITAL TO SPARK MEANINGFUL CHANGE IN AND BEYOND LOUISVILLE. WITH OVER $800 MILLION IN ASSETS, OVER 2,200 CHARITABLE FUNDS, AND COLLABORATIONS WITH HUNDREDS OF LOCAL PARTNERS, WE CONNECT PHILANTHROPIC INVESTMENTS WITH RELEVANT CAUSES. THE FOUNDATION HAS ADDRESSED AND CONTINUES TO ADDRESS A WIDE RANGE OF COMMUNITY NEEDS. THE KEY PRIORITIES OF THE FOUNDATION'S MISSION ARE TO REMOVE BARRIERS TO ACCESSING CAPITAL AND RESOURCES AND TO OPEN OPPORTUNITIES FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $6,169,094

DISTRIBUTE GRANTS AND CONTRIBUTIONS TO 501(C)(3) ORGANIZATIONS QUALIFYING UNDER SECTION 509(A).

Program 2

Expenses: $1,871,857

IN THE NORMAL COURSE OF ITS BUSINESS THE COMMUNITY FOUNDATION OF LOUISVILLE CORPORATE DEPOSITORY, INC. FISCALLY SPONSORS VARIOUS CHARITABLE PROJECTS IN THE LOUISVILLE METRO AREA. AT JUNE 30, 2024...

IN THE NORMAL COURSE OF ITS BUSINESS THE COMMUNITY FOUNDATION OF LOUISVILLE CORPORATE DEPOSITORY, INC. FISCALLY SPONSORS VARIOUS CHARITABLE PROJECTS IN THE LOUISVILLE METRO AREA. AT JUNE 30, 2024 THERE WAS 1 SUCH PROJECT. EVERY PROJECT IS REVIEWED AND APPROVED BY THE FOUNDATION'S MISSION AND IMPACT COMMITTEE AND BY THE BOARD OF DIRECTORS PRIOR TO ACTIVATION TO ENSURE PROPOSED PROJECTS ARE CONSISTENT WITH THE COMMUNITY FOUNDATION'S TAX-EXEMPT MISSION, AS DESCRIBED HEREIN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,139,699

Program Service Revenue $0

Investment Income $-305,047

Other Revenue $-36,500

TOTAL REVENUE $3,798,152

Expense Breakdown

Grants Paid $5,900,033

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,040,951

Other Expenses $2,164,539

TOTAL EXPENSES $8,064,572

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,798,152	$8,897,180	-0.6%
Expenses	$8,064,572	$17,543,680	-0.5%
Net Income	$-4,266,420	$-8,646,500	-0.5%

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

N/A

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

$1,350,769

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH FUST	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
DAVID TACHAU	BOARD CHAIR, THRU 09/23	2.00	Officer Director	$0	$0	$0
LOPA MEHROTRA	BOARD VICE CHAIR, FROM 09/23	2.00	Officer Director	$0	$0	$0
MICHAEL W GOUGH	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
DANA JACKSON	BOARD SECRETARY, FROM 09/23	2.00	Officer Director	$0	$0	$0
DEBORAH B WILLIAMS	BOARD SECRETARY, THRU 09/23	2.00	Officer Director	$0	$0	$0
STEPHANIE BATEMAN	DIRECTOR, THRU 09/23	1.00	Director	$0	$0	$0
STEPHEN KERTIS	DIRECTOR, FROM 09/23	1.00	Director	$0	$0	$0
CURT SCOTT	DIRECTOR, THRU 09/23	1.00	Director	$0	$0	$0
CARL WILLIAMS	DIRECTOR, FROM 09/23	1.00	Director	$0	$0	$0
RONALD GALLO	PRESIDENT & CEO	5.00	Officer	$0	$10,876	$354,575
MATTHEW L BACON	COO & CFO	5.00	Officer	$0	$18,989	$241,229
HEATHER CASH	SENIOR VP, PHILANTHROPIC SERVICES	5.00	Officer	$0	$22,407	$166,542
RAMONA DALLUM	SENIOR VP, COMMUNITY LEADERSHIP	5.00	Officer	$0	$22,164	$154,581
MARY GRISSOM	VP, COM. INVESTMENT, THRU 02/24	5.00	Officer	$0	$22,495	$151,439
ANNE MCKUNE	VP, ADVANCEMENT	5.00	Officer	$0	$21,264	$140,060
VALERIE SICKLES	VP, MARKETING & COMMUNICATIONS	5.00	Officer	$0	$13,688	$142,343

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	$3,798,152	$8,064,572	$5,245,057	$-4,266,420
2023	$8,897,180	$17,543,680	$8,603,819	$-8,646,500
2022	$13,186,961	$11,712,823	$17,995,110	$1,474,138
2021	$10,177,129	$10,383,139	$17,663,337	$-206,010
2020	$23,683,474	$21,732,547	$16,079,104	$1,950,927
2019	$11,106,173	$12,464,937	$14,178,736	$-1,358,764
2018	$9,542,137	$7,582,950	$14,879,365	$1,959,187

THE COMMUNITY FOUNDATION OF LOUISVILLE CORPORATE DEPOSITORY INC