LOUMED INC

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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

2023

Legal Domicile

Principal Officer

NADARECA THIBEAUX

Phone

5026295290

Tax Period

2024-01-01 to 2024-12-31

LOUMED INC, founded in 2023, is a community nonprofit in the Community Improvement sector that reported $3.6M in total revenue in fiscal year 2024. Revenue surged 221% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 52% operating margin.

Mission

TO CREATE A WORLD-CLASS MEDICAL EDUCATION DISTRICT THAT IS SAFE, CLEAN, INNOVATIVE, AND COLLABORATIVE.

Program Service Accomplishments

Program 1

Expenses: $1,645,921 Revenue: $1,605,200

THE LOUISVILLE MEDICAL AND EDUCATIONAL DISTRICT IS HOME TO FOUR INTERCONNECTED INSTITUTIONS: JEFFERSON COMMUNITY & TECHNICAL COLLEGE, NORTON HEALTHCARE, UNIVERSITY OF LOUISVILLE HEALTH SCIENCES...

THE LOUISVILLE MEDICAL AND EDUCATIONAL DISTRICT IS HOME TO FOUR INTERCONNECTED INSTITUTIONS: JEFFERSON COMMUNITY & TECHNICAL COLLEGE, NORTON HEALTHCARE, UNIVERSITY OF LOUISVILLE HEALTH SCIENCES CENTER, AND UOFL HEALTH. THE DISTRICT IS COMPRISED OF 22 CITY BLOCKS, 250 ACRES, 9.6 MILLION SQUARE FEET OF OCCUPIED SPACE IN DOWNTOWN LOUISVILLE, ATTRACTS OVER 1.5 MILLION VISITORS PER YEAR, AND EMPLOYS OVER 16,000 INDIVIDUALS. LOUMED INC SEEKS TO BUILD A WORLD CLASS MEDICAL AND EDUCATION DISTRICT. PROGRAMS AND STRATEGIC ACTIONS INCLUDE URBAN REVITALIZATION, IMPROVING COMMUNITY SPACE, IMPACTING ECONOMIC DEVELOPMENT, AND UTILIZING AN AMBASSADOR PROGRAM.

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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 $1,971,708

Program Service Revenue $1,605,200

Investment Income $2,065

Other Revenue $0

TOTAL REVENUE $3,578,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $221,708

Fundraising Expenses $0

Program Expenses $1,645,921

Other Expenses $1,494,181

TOTAL EXPENSES $1,715,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,578,973	$1,116,562	+2.2%
Expenses	$1,715,889	$1,293,999	+0.3%
Net Income	$1,863,084	$-177,437	-11.5%

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

$208,785

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN MARSHALL	PAST CHAIR	1.00	Officer Director	$0	$0	$0
GARY DRYDEN	CHAIR	1.00	Officer Director	$0	$0	$0
MATT AYERS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN WALSCH	TREASURER	1.00	Officer Director	$0	$0	$0
DIANE SCARDINO	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY BUMPOUS	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA TURNER	DIRECTOR	1.00	Director	$0	$0	$0
TY HANDY	DIRECTOR	1.00	Director	$0	$0	$0
NADARECA THIBEAUX	EXECUTIVE DIRECTOR	40.00	Officer	$175,134	$33,651	$208,785

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
2024	$3,578,973	$1,715,889	$1,785,890	$1,863,084
2023	$1,116,562	$1,293,999	$207,891	$-177,437