LOUISVILLE MEMORIAL AUDITORIUM FOUNDATION INC (EIN 842551831) - 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

2019

Legal Domicile

Principal Officer

AL WELSH

Phone

5025848583

Tax Period

2024-07-01 to 2025-06-30

LOUISVILLE MEMORIAL AUDITORIUM FOUNDATION INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $550K in total revenue in fiscal year 2024. The organization ran a surplus of $500K, a strong 91% operating margin.

Mission

THE LOUISVILLE AUDITORIUM FOUNDATION, INC. IS THE NON-PROFIT 501C ORGANIZATION TO SUPPORT THE HISTORIC LOUISVILLE MEMORIAL AUDITORIUM. THE MISSION IS TO RAISE AWARENESS OF THE MULTI-PURPOSE FACILITY WHILE ALSO COMPLETING FUNDRAISING EFFORTS, GRANTS AND OVERALL SUPPORT OF THE COMMUNITY'S PUBLIC AUDITORIUM AND VETERANS MEMORIAL.

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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 $549,860

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $549,860

Expense Breakdown

Grants Paid $49,860

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $49,860

Other Expenses $0

TOTAL EXPENSES $49,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$549,860	N/A	N/A
Expenses	$49,860	N/A	N/A
Net Income	$500,000	$0	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

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
AL WELSH	PRESIDENT	10.00	Officer Director	$0	$0	$0
JOHN VALENTINE	SECRETARY	10.00	Officer Director	$0	$0	$0
HUNTER LOUIS	VICE PRESIDENT	10.00	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	$549,860	$49,860	$502,108	$500,000

LOUISVILLE MEMORIAL AUDITORIUM FOUNDATION INC