Downtown Business Association of Louisville Inc (EIN 841291020) - 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

2002

Legal Domicile

Principal Officer

Norman F Kron

Phone

9176894862

Tax Period

2025-01-01 to 2025-12-31

Downtown Business Association of Louisville Inc, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $388K in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

To keep and enhance historic Downtown Louisville vibrance by supporting the retail, restaurant and service sectors while promoting good citizenship values.

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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 $24,353

Program Service Revenue $363,989

Investment Income $85

Other Revenue $0

TOTAL REVENUE $388,427

Expense Breakdown

Grants Paid $32,097

Salaries & Benefits $0

Fundraising Expenses $76,870

Other Expenses $389,560

TOTAL EXPENSES $421,657

Year-over-Year Comparison

	2025	2024	Change
Revenue	$388,427	$355,983	+0.1%
Expenses	$421,657	$376,236	+0.1%
Net Income	$-33,230	$-20,253	+0.6%

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
JENNIFER HLAWATSCH	PRESIDENT	5.00	Officer	$0	$0	$0
MARK OBERHOLZER	VICE PRESIDENT	5.00	Officer	$0	$0	$0
HEATHER BINGAMEN	TREASURER	3.00	Officer	$0	$0	$0
STEPHANIE SCHLAGETER	SECRETARY	1.00	Officer	$0	$0	$0
NORMAN KRON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
ERIC REED	BOARD DIRECTOR	1.00	Director	$0	$0	$0
TOM HORST	BOARD DIRECTOR	1.00	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	$388,427	$421,657	$18,925	$-33,230
2024	$355,983	$376,236	$59,645	$-20,253
2023	$377,852	$378,363	$77,396	$-511
2022	$421,940	$423,574	$72,907	$-1,634
2021	$296,378	$271,662	$74,541	$24,716
2020	$78,362	$81,241	$49,815	$-2,879
2019	$358,861	$371,115	No data	$-12,254
2018	$392,545	$389,513	$64,948	$3,032

Downtown Business Association of Louisville Inc