LOUISVILLE BAR CENTER INC

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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

1996

Legal Domicile

Principal Officer

KRISTEN MILLER

Phone

5025835314

Tax Period

2023-01-01 to 2023-12-31

LOUISVILLE BAR CENTER INC, founded in 1996, is a micro nonprofit in the Employment sector that reported $66K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $91K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO WORK IN CONCERT WITH THE LOUISVILLE BAR ASSOCIATION, TO PROMOTE THE LEGAL PROFESSION AND THE STUDY OF LAW THROUGH CONTINUING EDUCATION FOR LAWYERS AND IMPROVE THE COMMUNITY THROUGH THE PROVISION OF LAW-RELATED BENEFITS, INCLUDING PRO BONO LEGAL SERVICES, TO THE PUBLIC.

Program Service Accomplishments

Program 1

Revenue: $24,000

TO PROVIDE FACILITIES TO PROMOTE THE STUDY AND PROFESSION OF LAW, SPONSOR CONTINUING EDUCATION FOR LAWYERS AND PROVIDE EDUCATION OF LAW TO THE GENERAL PUBLIC.

Program 2

Revenue: $24,603

TO PROVIDE VIDEO AND DIGITAL TECHNOLOGY FOR JEFFERSON COUNTY COURTROOMS.

Program 3

Expenses: $64,028

ACTIVITIES THAT EXPAND THE COMMUNITY OUTREACH OF THE ORGANIZATION.

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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 $18,717

Program Service Revenue $48,603

Investment Income $-5,411

Other Revenue $3,962

TOTAL REVENUE $65,871

Expense Breakdown

Grants Paid $2,900

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $64,028

Other Expenses $87,714

TOTAL EXPENSES $90,614

Year-over-Year Comparison

	2023	2022	Change
Revenue	$65,871	$87,723	-0.2%
Expenses	$90,614	$41,332	+1.2%
Net Income	$-24,743	$46,391	-1.5%

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

$114,211

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA A FERNANDEZ	VICE PRESIDENT/TREASURER	1.00	Officer Director	$0	$0	$0
SETH A GLADSTEIN	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
KATE L CROSBY	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRYAN R ARMSTRONG	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
SAMUEL W WARDLE	SECRETARY	1.00	Officer Director	$0	$0	$0
KRISTEN MILLER	EXECUTIVE DIRECTOR	1.00	Officer	$0	$3,553	$114,211

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	$65,871	$90,614	$887,095	$-24,743
2022	$87,723	$41,332	$222,875	$46,391
2021	$61,530	$36,922	$179,034	$24,608
2020	$63,812	$35,881	$159,481	$27,931
2019	$71,595	$58,390	$125,328	$13,205
2018	$47,547	$227,161	$110,995	$-179,614