LOUISVILLE, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LOUISVILLE THIRD CENTURY INC, founded in 1988, is a small nonprofit in the Recreation & Sports sector that reported $247K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $313K exceeded revenue, resulting in a 27% operating deficit.
TO ACT AS A CATALYST FOR OTHER NON PROFIT ORGANIZATIONS BY PROVIDING FUNDS OR SERVICES ADDRESSING CIVIC, CULTURAL, AND EDUCATIONAL ISSUES AFFECTING THE QUALITY OF LIFE THROUGHOUT GREATER LOUISVILLE.
L3C WAS METRO LOUISVILLE'S LARGEST CASH SPONSOR IN UNDERWRITING BOTH WORLDFEST AND LIGHT UP LOUISVILLE, METRO'S PUBLIC CELEBRATION OF THE HOLIDAY SEASON. WORLDFEST HAS IN OUR 20+ YEARS ASSOCIATION...
L3C WAS METRO LOUISVILLE'S LARGEST CASH SPONSOR IN UNDERWRITING BOTH WORLDFEST AND LIGHT UP LOUISVILLE, METRO'S PUBLIC CELEBRATION OF THE HOLIDAY SEASON. WORLDFEST HAS IN OUR 20+ YEARS ASSOCIATION GROWN TO BECOME THE MIDSOUTH'S LARGEST MULTI-CULTURALLY BASED FESTIVAL, RECEIVING RECOGNITION FROM THE INTERNATIONAL FESTIVAL AND EVENTS ASSOCIATION AS A "TOP TEN FESTIVAL" IN NORTH AMERICA" WITH WELL OVER 150,000 VISITORS DURING THE 4-DAY, FREE-TO-THE-PUBLIC FESTIVAL. LIGHT UP LOUISVILLE SPANS THANKSGIVING DAY TO NEW YEAR'S, KICKED OFF BY THE LIGHTING OF JEFFERSON SQUARE, AND OFFERS FAMILY-ORIENTATED FREE-TO-THE-PUBLIC ACTIVITIES AT THIS MOST CHERISHED TIME OF THE YEAR. IN THE WORKS FOR "LIGHT UP" IS L3C'S STEEPLE CHASE, A MULTI-NIGHT TOURING OF CHURCHES AND SYNAGOGUES ACROSS THE METRO WITH EACH SITE PROVIDING SAMPLES OF THEIR HOLIDAY TRADITIONS, HIGH-"LIGHTED" BY THEIR REJUVENATED, "RELIT" STEEPLES, WITH L3C FUNDS. ON A HISTORICAL NOTE- THIS EVENT IS A NOD TO MARY BINGHAM, PAST PUBLISHER OF THE COURIER-JOURNAL, WHO INAUGURATED A PROGRAM TO REPAIR AND CELEBRATE THE RELIGHTING OF CHURCH STEEPLES FOLLOWING THE BLACKOUTS OF WWII.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $246,737 | $335,846 | -0.3% |
| Expenses | $313,433 | $308,284 | +0.0% |
| Net Income | $-66,696 | $27,562 | -3.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LAWRENCE W JONES | PRESIDENT | 30.00 |
Officer
Director
|
$82,054 | $0 | $82,054 |
| N/A | VICE PRESIDE | 30.00 |
Officer
Director
|
$71,000 | $0 | $71,000 |
| MARGARET BUSCHERMOHLE | SECRETARY | 25.00 |
Officer
Director
|
$36,202 | $0 | $36,202 |
| MELISSA BURTON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DANA BUSCHERMOHLE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL GRIESER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| THOMAS SCHIESS | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $246,737 | $313,433 | $143,434 | $-66,696 |
| 2022 | $335,846 | $308,284 | $212,020 | $27,562 |
| 2021 | $391,332 | $313,753 | $199,141 | $77,579 |
| 2020 | $283,448 | $248,238 | $70,175 | $35,210 |
| 2019 | $298,259 | $333,297 | $45,419 | $-35,038 |
| 2018 | $348,144 | $345,948 | $80,087 | $2,196 |
Compare LOUISVILLE THIRD CENTURY INC with other nonprofits in Kentucky and across the country.