LOUISVILLE ASSOCIATION FOR COMMUNIT C/O RIEDEL HOGAN CPA (EIN 821927610) - Form 990 Financial Analysis & Trantor Score

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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

TIFFANY BROWN

Phone

5022863477

Tax Period

2024-01-01 to 2024-12-31

LOUISVILLE ASSOCIATION FOR COMMUNIT C/O RIEDEL HOGAN CPA, founded in 2017, is a micro nonprofit that reported $9K in total revenue in fiscal year 2024. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 13806% operating deficit.

Mission

THE LOUISVILLE ASSOCIATION FOR COMMUNITY ECONOMICS (LACE) IS A NON-PROFIT DEVELOPER COMMITTED TO FOSTERING AN ECOSYSTEM OF COOPERATIVE SOCIAL ENTERPRISES BUILT ON RACIAL AND ECONOMIC EQUITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,273

Program Service Revenue $0

Investment Income $7,005

Other Revenue $0

TOTAL REVENUE $9,278

Expense Breakdown

Grants Paid $1,017,091

Salaries & Benefits $140,050

Fundraising Expenses $0

Program Expenses $1,290,205

Other Expenses $133,064

TOTAL EXPENSES $1,290,205

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,278	$205,750	-1.0%
Expenses	$1,290,205	$428,110	+2.0%
Net Income	$-1,280,927	$-222,360	+4.8%

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

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

$105,355

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THERESA MEN	PRESIDENT	2.00	Officer	$0	$0	$0
CLARA NUNEZ	TREASURER	2.00	Officer	$0	$0	$0
LISA MARKOWITZ	SECRETARY	2.00	Officer	$0	$0	$0
JOSEPH FRAIZER	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
TIFFANY BROWN	EXECUTIVE DI	40.00	Officer	$105,355	$0	$105,355

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	$9,278	$1,290,205	No data	$-1,280,927
2023	$205,750	$428,110	$1,362,768	$-222,360
2022	$1,168,244	$376,631	$1,489,946	$791,613
2021	$879,173	$294,214	$698,815	$584,959

LOUISVILLE ASSOCIATION FOR COMMUNIT C/O RIEDEL HOGAN CPA