GREATER LOUISVILLE FOUNDATION INC (EIN 611131064) - 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

1987

Legal Domicile

Principal Officer

SARAH DAVASHER-WISDOM

Phone

5026250000

Tax Period

2023-01-01 to 2023-12-31

GREATER LOUISVILLE FOUNDATION INC, founded in 1987, is a small nonprofit in the Community Improvement sector that reported $288K in total revenue in fiscal year 2023. Revenue surged 100% from the prior year, signaling strong growth momentum. Expenses of $247K left a modest 14% surplus.

Mission

IDENTIFY, MOBILIZE, AND FUND PROGRAMS TO ADDRESS LOUISVILLE'S GREATEST CHALLENGES REGARDING BUSINESS GROWTH AND INCREASED ECONOMIC PROSPERITY FOR ALL CITIZENS IN THE GREATER LOUISVILLE REGION.

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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 $288,345

Program Service Revenue $0

Investment Income $48

Other Revenue $0

TOTAL REVENUE $288,393

Expense Breakdown

Grants Paid $195,100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $239,475

Other Expenses $52,393

TOTAL EXPENSES $247,493

Year-over-Year Comparison

	2023	2022	Change
Revenue	$288,393	$144,273	+1.0%
Expenses	$247,493	$179,214	+0.4%
Net Income	$40,900	$-34,941	-2.2%

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

$407,362

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL COX	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN CROCKETT	BOARD MEMBER	1.00	Director	$0	$0	$0
CONDRAD DANIELS	BOARD MEMBER	1.00	Director	$0	$0	$0
AUDWIN HELTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JA HILLEBRAND	BOARD MEMBER	1.00	Director	$0	$0	$0
JILL HORN	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB KOETTER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROCKI ROCKINGHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
PURNA VEER	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH DAVASHER-WISDOM	PRESIDENT/CEO	4.00	Officer	$0	$32,038	$407,362
JIM ALLEN	SECRETARY	1.00	Officer	$0	$0	$0
PAUL COSTEL	CHAIR	1.00	Officer	$0	$0	$0
EVELYN STRANGE	TREASURER	1.00	Officer	$0	$0	$0

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
2024	No data	No data	No data	No data
2023	$288,393	$247,493	$657,181	$40,900
2022	$144,273	$179,214	$81,531	$-34,941
2021	$503,462	$437,645	$231,253	$65,817
2020	$538,938	$552,982	$184,189	$-14,044
2019	$728,353	$774,642	$296,498	$-46,289
2018	$547,496	$587,962	$149,790	$-40,466

GREATER LOUISVILLE FOUNDATION INC