LOUISVILLE MEMORIAL AUDITORIUM FOUNDATION INC

EIN: 842551831 501(c)(3) Community Improvement

LOUISVILLE, KY

Total Revenue
$549,860
Total Expenses
$49,860
Total Assets
$502,108
Net Assets
$502,108
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
KY
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 OVERAL SUPPORT OF THE COMMUNITY'S PUBLIC AUDITORIUM AND VETERANS MEMORIAL.

Program Service Accomplishments

Program 1
Expenses: $49,860

SINCE THE CREATION OF THE FOUNDATION THE FOLLOWING MAJOR PROJECTS HAVE BEEN COMPLETED WITH FUNDS RAISED:1. COVERS FOR THE AUDITORIUM SEATING WERE PRODUCED TO PROTECT THE HISTORICAL SEATING UNTIL...

Read more

SINCE THE CREATION OF THE FOUNDATION THE FOLLOWING MAJOR PROJECTS HAVE BEEN COMPLETED WITH FUNDS RAISED:1. COVERS FOR THE AUDITORIUM SEATING WERE PRODUCED TO PROTECT THE HISTORICAL SEATING UNTIL PERMANENT UPDATES CAN BE COMPLETED.2. HVAC ENGINEERING STUDY TO PROVIDE DETAILED PLANS FOR INSTALLERS TO FOLLOW AND PROVIDE ESTIMATES FOR COMPLETING.3. PILCHER PIPE ORGAN RESTORATION AND PREVENTATIVE MAINTEANCE INCLUDING A PROFESSIONAL PRODUCED COVER TO PROTECT THE UNIQUE MUSICAL INSTRUMENT.4. TRANSFORMER FOR THE AUDITORIUM'S ELECTRICAL SYSTEMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in Kentucky →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare LOUISVILLE MEMORIAL AUDITORIUM FOUNDATION INC with other nonprofits in Kentucky and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.