LOUISVILLE THIRD CENTURY INC (EIN 611138916) - 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

1988

Legal Domicile

Principal Officer

LAWRENCE W JONES

Phone

5025613440

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

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.

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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 $18,506

Program Service Revenue $0

Investment Income $0

Other Revenue $228,231

TOTAL REVENUE $246,737

Expense Breakdown

Grants Paid $17,550

Salaries & Benefits $198,060

Fundraising Expenses $86,476

Program Expenses $153,093

Other Expenses $97,823

TOTAL EXPENSES $313,433

Year-over-Year Comparison

	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%

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

$189,256

Total Directors

$189,256

Key Employees

Highest Compensated

reported

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

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	$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

LOUISVILLE THIRD CENTURY INC