Louisville Folk School Louisville Folk School

EIN: 833194321 501(c)(3)

Louisville, KY

Total Revenue
$323,896
Total Expenses
$269,423
Total Assets
$138,411
Net Assets
$108,043
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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
KY
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

Music Lessons and Public Performance

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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 $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

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Governance

Voting Members
6
Independent Members
5
Employees
2
Volunteers
10

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
0
$0
Total Directors
1
$58,000
Key Employees
0
$0
Highest Compensated
0
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
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