LOUISVILLE REGIONAL AIRLIFT DEVELOPMENT INC

EIN: 821630163 501(c)(3) Community Improvement

LOUISVILLE, KY

Total Revenue
N/A
Total Expenses
$249,939
Total Assets
$296,884
Net Assets
$296,884
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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
KY
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.

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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 (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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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