LOUISVILLE REGIONAL AIRLIFT DEVELO… - Form 990 Financial Data

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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

2017

Legal Domicile

Principal Officer

SANDRA FRAZIER

Phone

5025877220

Tax Period

2025-01-01 to 2025-12-31

Mission

OUR MISSION IS TO DEVELOP NEW NONSTOP AIR SERVICE ROUTES FROM LOUISVILLE INTERNATIONAL AIRPORT TO IMPORTANT DOMESTIC AND INTERNATIONAL DESTINATIONS OVER A MULTI-YEAR PERIOD TO BENEFIT THE ENTIRE REGION.

Program Service Accomplishments

Program 1

Expenses: $247,504 Revenue: $0

LOUISVILLE, KY AREA CIVIC AND BUSINESS LEADERS IN CONJUNCTION WITH STATE AND LOCAL GOVERNMENTS IMPROVED NONSTOP AIR SERVICE AT LOUISVILLE INTERNATIONAL AIRPORT BY COMMITTING TO PARTICIPATE IN MINIMUM REVENUE GUARANTEES TO SHARE UPFRONT RISK WITH AIRLINES, AGREEING TO FLY NEW NONSTOP ROUTES AND MAXIMIZING AIRPORT-BASED INCENTIVES AND MARKETING SUPPORT FOR EACH NEW ROUTE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $247,504

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $247,504

Other Expenses $2,435

TOTAL EXPENSES $249,939

Year-over-Year Comparison

	2025	2024	Change
Revenue	N/A	$162,275	-1.0%
Expenses	$249,939	$430,560	-0.4%
Net Income	N/A	$-268,285	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA FRAZIER	BOARD CHAIR	1	Officer Director	$0	$0	$0
ED GLASSCOCK	VICE CHAIRMAN	1	Officer Director	$0	$0	$0
MICHAEL MOUNTJOY	SECRETARY/TREASURER	1	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
2025	No data	$249,939	$296,884	No data
2024	$162,275	$430,560	$546,823	$-268,285
2023	$657,944	$1,117,689	$815,108	$-459,745
2022	$250,000	$251,604	$1,275,147	$-1,604
2021	No data	$1,166	$1,276,751	No data
2020	No data	$1,300	$1,277,917	No data
2019	$2,790,020	$1,567,610	$1,279,217	$1,222,410

LOUISVILLE REGIONAL AIRLIFT DEVELOPMENT INC