ROTARY DISTRICT 671 FOUNDATION INC

EIN: 611740757 501(c)(3) Community Improvement

LOUISVILLE, KY

Total Revenue
$23,681
Total Expenses
$39,305
Total Assets
$333,447
Net Assets
$333,447
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
KY
Principal Officer
MIKE KULL
Phone
5028024485
Tax Period
2023-07-01 to 2024-06-30

ROTARY DISTRICT 671 FOUNDATION INC, founded in 1983, is a micro nonprofit in the Community Improvement sector that reported $24K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $39K exceeded revenue, resulting in a 66% operating deficit.

Mission

TO ACT AS A CONDUIT TO ASSIST THE ROTARY CLUBS OF DISTRICT 671 TO ACCOMPLISH THEIR CHARITABLE FUNCTIONS.

Program Service Accomplishments

Program 1
Expenses: $30,690

THE ORGANIZATION COLLECTED DONATIONS AND ISSUED GRANTS TO INDIVIDUALS, VARIOUS OTHER ROTARY CLUBS, AND OTHER CHARITABLE ORGANIZATIONS TO BE USED FOR RELIEF AFTER DAMAGE CAUSED BY TORNADOES IN WESTERN...

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THE ORGANIZATION COLLECTED DONATIONS AND ISSUED GRANTS TO INDIVIDUALS, VARIOUS OTHER ROTARY CLUBS, AND OTHER CHARITABLE ORGANIZATIONS TO BE USED FOR RELIEF AFTER DAMAGE CAUSED BY TORNADOES IN WESTERN KENTUCKY AND FLOODING IN EASTERN KENTUCKY.

Program 2
Expenses: $8,615 Revenue: $13,669

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS...

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THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $10,012
Program Service Revenue $0
Investment Income $13,669
Other Revenue $0
TOTAL REVENUE $23,681

Expense Breakdown

Grants Paid $34,190
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $39,305
Other Expenses $5,115
TOTAL EXPENSES $39,305

Year-over-Year Comparison

2023 2022 Change
Revenue $23,681 $43,681 -0.5%
Expenses $39,305 $452,467 -0.9%
Net Income $-15,624 $-408,786 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WOODY NORTHRUP MEMBER 0.00
Director
$0 $0 $0
DAVID L WELLER MEMBER 0.00
Director
$0 $0 $0
STEVEN B SHULTZ MEMBER 0.00
Director
$0 $0 $0
STUART ALEXANDER MEMBER 0.00
Director
$0 $0 $0
MICHAEL T OWSLEY CHAIR 0.00
Officer
$0 $0 $0
JAYNE C CRISP VICE CHAIR 0.00
Officer
$0 $0 $0
JO AN HEPPERMAN SECRETARY 0.00
Officer
$0 $0 $0
OTHA RAY STEARMAN TREASURER 0.00
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 $23,681 $39,305 $333,447 $-15,624
2023 $43,681 $452,467 $339,889 $-408,786
2022 $713,848 $278,937 $744,475 $434,911
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