WATERFRONT BOTANICAL GARDENS INC

EIN: 611297238 501(c)(3) Environment

LOUISVILLE, KY

Total Revenue
$7,408,991
Total Expenses
$3,640,579
Total Assets
$25,307,822
Net Assets
$24,550,726
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
KY
Principal Officer
PHILIP KOESTER
Phone
5022765404
Tax Period
2024-01-01 to 2024-12-31

WATERFRONT BOTANICAL GARDENS INC, founded in 1995, is a community nonprofit in the Environment sector that reported $7.4M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 51% operating margin.

Mission

TO DEVELOP AN URBAN BOTANICAL GARDEN BY TRANSFORMING A LANDFILL AND CREATING A PLACE WHERE NATURE PROSPERS AND PEOPLE THRIVE THROUGH EDUCATION, ENTERTAINMENT, COMMUNITY, AND TOURISM.

Program Service Accomplishments

Program 1
Expenses: $2,763,107 Revenue: $67,943

TOURS AND EDUCATION CLASSES TO IMPROVE THE PUBLIC'S UNDERSTANDING OF THE BENEFITS OF GARDENS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,201,217
Program Service Revenue $67,943
Investment Income $-168,601
Other Revenue $308,432
TOTAL REVENUE $7,408,991

Expense Breakdown

Grants Paid $505,200
Salaries & Benefits $1,522,736
Fundraising Expenses $450,314
Program Expenses $2,763,107
Other Expenses $1,549,868
TOTAL EXPENSES $3,640,579

Year-over-Year Comparison

2024 2023 Change
Revenue $7,408,991 $5,077,005 +0.5%
Expenses $3,640,579 $3,373,327 +0.1%
Net Income $3,768,412 $1,703,678 +1.2%
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

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Governance

Voting Members
24
Independent Members
24
Employees
37
Volunteers
268

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
6
$168,633
Total Directors
25
$168,633
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILIP KOESTER PRESIDENT 40.00
Officer Director
$140,000 $0 $140,000
KEVIN FENNELL CHAIR 1.00
Officer Director
$0 $0 $0
BEN SIMMONS VICE CHAIR 1.00
Officer Director
$0 $0 $0
NANCY DAVIS SECRETARY 1.00
Officer Director
$0 $0 $0
BEN RULEY TREASURER 1.00
Officer Director
$0 $0 $0
KAREN DAHLEM BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID GRAESER BOARD MEMBER 1.00
Director
$0 $0 $0
MARGARET BELL BOARD MEMBER 1.00
Director
$0 $0 $0
FRANK TRE CAMPISANO BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID CARPENTER BOARD MEMBER 1.00
Director
$0 $0 $0
WILL GREENE BOARD MEMBER 1.00
Director
$0 $0 $0
MARY GWYNNE DOUGHERTY BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW BOONE GARDINER BOARD MEMBER 1.00
Director
$0 $0 $0
JOE GRAVISS BOARD MEMBER 1.00
Director
$0 $0 $0
SALLY GRAY BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID GREY BOARD MEMBER 1.00
Director
$0 $0 $0
KATHY OYLER BOARD MEMBER 1.00
Director
$0 $0 $0
MERRY KAY POE BOARD MEMBER 1.00
Director
$0 $0 $0
KRISTEN WEBB BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW RUTHERFORD BOARD MEMBER 1.00
Director
$0 $0 $0
CHASE SANDERS BOARD MEMBER 1.00
Director
$0 $0 $0
FRANCES SCHOLTZ BOARD MEMBER 1.00
Director
$0 $0 $0
CLAY STINNETT BOARD MEMBER 1.00
Director
$0 $0 $0
MAC WILLETT BOARD MEMBER 1.00
Director
$0 $0 $0
DAVENA VOWELS CHIEF OPERATING OFFICER (THRU 1/24) 40.00
Officer Director
$28,633 $0 $28,633
KATHRYN MAIER FORMER PRESIDENT 0.00
$28,847 $0 $28,847
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 $7,408,991 $3,640,579 $25,307,822 $3,768,412
2023 $5,077,005 $3,373,327 $21,267,574 $1,703,678
2022 $4,168,927 $3,141,076 $19,643,837 $1,027,851
2021 $5,233,701 $2,537,688 $21,310,510 $2,696,013
2020 $2,186,832 $1,931,963 $16,154,938 $254,869
2019 $8,327,974 $1,213,691 $15,462,659 $7,114,283
2018 $1,915,003 $507,893 $8,365,486 $1,407,110
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