Louisville Folk School Louisville … - 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

2019

Legal Domicile

Principal Officer

DAVE HOWARD

Phone

5027837464

Tax Period

2023-01-01 to 2023-12-31

Louisville Folk School Louisville Folk School, founded in 2019, is a small nonprofit that reported $324K in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $54K, a strong 17% operating margin.

Mission

To engage the folk music traditions of Kentuckians through education and performance, build on the rich cultural history of the bluegrass state, while creating community through the arts.

Program Service Accomplishments

Program 1

Expenses: $82,055 Revenue: $123,661

Teaching folk music

Program 2

Expenses: $48,657 Revenue: $37,797

Folk music performances

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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 $162,671

Program Service Revenue $161,458

Investment Income $0

Other Revenue $-233

TOTAL REVENUE $323,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,482

Fundraising Expenses $17,688

Program Expenses $130,712

Other Expenses $60,941

TOTAL EXPENSES $269,423

Year-over-Year Comparison

	2023	2022	Change
Revenue	$323,896	$204,297	+0.6%
Expenses	$269,423	$177,366	+0.5%
Net Income	$54,473	$26,931	+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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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

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

$58,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE HOWARD	Executive Director	40.00	Director	$58,000	$0	$58,000

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	No data	No data	No data
2024	No data	No data	No data	No data
2023	$323,896	$269,423	$138,411	$54,473
2022	$204,297	$177,366	$74,039	$26,931

Louisville Folk School Louisville Folk School