Louisville Arena Authority Inc
Louisville Arena Authority consistently generates significant revenue, maintaining a strong asset base with no reported officer compensation.
EIN: 204230414 · Louisville, KY · NTEE: N70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $45.0M |
| Total Expenses | $27.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $300 |
| Net Assets | $23.2M |
| Transparency Score | 80/100 |
Is Louisville Arena Authority Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Louisville Arena Authority Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Louisville Arena Authority Inc
Louisville Arena Authority Inc (EIN: 204230414) is a nonprofit organization based in Louisville, KY, classified under NTEE code N70. The organization reported total revenue of $45.0M and total assets of $377.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louisville Arena Authority Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Louisville Arena Authority Inc is a large nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38.4M |
| Total Expenses | $27.4M |
| Surplus / Deficit | +$11.0M |
| Total Assets | $365.3M |
| Total Liabilities | $342.1M |
| Net Assets | $23.2M |
| Operating Margin | 28.7% |
| Debt-to-Asset Ratio | 93.6% |
| Months of Reserves | 160.2 months |
Financial Health Grade: A
In 2023, Louisville Arena Authority Inc reported a surplus of $11.0M with revenue exceeding expenses, holds 160.2 months of operating reserves (strong position), has a debt-to-asset ratio of 93.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Louisville Arena Authority Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.3% | -4.7% | +1.5% |
| 2022 | +135.9% | -10.2% | -5.1% |
| 2021 | -42.0% | +6.1% | -4.2% |
| 2020 | -11.9% | +7.4% | -0.2% |
| 2019 | +5.8% | -0.6% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Louisville Arena Authority Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Louisville Arena Authority Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 93.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation directly from the organization, which is highly unusual for an entity managing assets of over $300 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Louisville Arena Authority Inc's IRS 990 filings:
- Lack of detailed program spending breakdown in available data makes it difficult to assess direct mission impact.
- Historically high liabilities, sometimes exceeding assets, though recent trends show improvement.
- Unusual 0% officer compensation for an organization managing significant assets, warranting further inquiry into leadership compensation structure.
Strengths
The following positive indicators were identified for Louisville Arena Authority Inc:
- Consistent generation of substantial revenue, with recent years showing significant operating surpluses (e.g., $38.3M revenue vs. $27.3M expenses in 2023).
- Strong and growing asset base, reaching $365,338,362 in 2023.
- Zero reported officer compensation across all filings, indicating a commitment to minimizing direct executive costs.
- Improved asset-to-liability ratio in recent years, demonstrating better financial health.
Frequently Asked Questions about Louisville Arena Authority Inc
Is Louisville Arena Authority Inc a legitimate charity?
Louisville Arena Authority Inc (EIN: 204230414) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $45.0M. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Louisville Arena Authority Inc spend its money?
Louisville Arena Authority Inc directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Louisville Arena Authority Inc tax-deductible?
Louisville Arena Authority Inc is registered as a tax-exempt nonprofit (EIN: 204230414). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Louisville Arena Authority Inc CEO make?
Louisville Arena Authority Inc's highest-compensated officer earns $300 annually. The organization reported $45.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Louisville Arena Authority Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Louisville Arena Authority Inc is above average for NTEE category N70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Louisville Arena Authority Inc located?
Louisville Arena Authority Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 204230414. It is classified under NTEE code N70.
How many years of IRS 990 filings does Louisville Arena Authority Inc have?
Louisville Arena Authority Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $45.0M in total revenue.
What are the specific program services funded by the Louisville Arena Authority Inc.?
The NTEE code N70 suggests activities related to sports, recreation, and athletics facilities. A detailed breakdown of program service expenses would clarify the specific initiatives and community benefits derived from its operations.
How does the organization manage its substantial liabilities, which have historically been close to or exceeding assets?
While recent filings show assets exceeding liabilities, earlier periods (e.g., 2021 with $379M assets vs. $382M liabilities) indicate a history of high leverage. Understanding the nature of these liabilities (e.g., bond debt for arena construction) and the strategy for managing them is crucial.
Given the 0% officer compensation, how are the organization's leadership and management roles compensated, if at all?
The consistent 0% officer compensation suggests that leadership may be volunteer-based, compensated by another entity, or that compensation is reported under a different category. Clarification on this structure would enhance transparency.
Filing History
IRS 990 filing history for Louisville Arena Authority Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Louisville Arena Authority Inc's revenue has grown by 51.3%, moving from $25.4M to $38.4M. Total assets decreased by 16.8% over the same period, from $439.1M to $365.3M. Total functional expenses fell by 39.2%, from $45.0M to $27.4M. In its most recent filing year (2023), Louisville Arena Authority Inc reported a surplus of $11.0M, with revenue exceeding expenses. The organization holds $342.1M in liabilities against $365.3M in assets (debt-to-asset ratio: 93.6%), resulting in net assets of $23.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38.4M | $27.4M | $365.3M | $342.1M | — | — |
| 2022 | $43.7M | $28.7M | $359.8M | $347.6M | — | View 990 |
| 2021 | $18.5M | $32.0M | $379.3M | $382.1M | — | View 990 |
| 2020 | $31.9M | $30.1M | $395.9M | $385.2M | — | — |
| 2019 | $36.2M | $28.0M | $396.7M | $387.9M | — | View 990 |
| 2018 | $34.3M | $28.2M | $388.1M | $387.4M | — | View 990 |
| 2017 | $9.8M | $32.3M | $382.4M | $387.8M | — | View 990 |
| 2016 | $30.3M | $33.6M | $377.7M | $360.7M | — | View 990 |
| 2015 | $27.5M | $35.5M | $388.6M | $368.5M | — | View 990 |
| 2014 | $31.1M | $35.1M | $398.9M | $369.5M | — | View 990 |
| 2013 | $26.5M | $34.9M | $406.8M | $375.1M | — | View 990 |
| 2012 | $26.7M | $40.2M | $419.9M | $377.0M | — | View 990 |
| 2011 | $25.4M | $45.0M | $439.1M | $379.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38.4M, expenses of $27.4M, and assets of $365.3M (revenue -12.3% year-over-year).
- 2022: Revenue of $43.7M, expenses of $28.7M, and assets of $359.8M (revenue +135.9% year-over-year).
- 2021: Revenue of $18.5M, expenses of $32.0M, and assets of $379.3M (revenue -42.0% year-over-year).
- 2020: Revenue of $31.9M, expenses of $30.1M, and assets of $395.9M (revenue -11.9% year-over-year).
- 2019: Revenue of $36.2M, expenses of $28.0M, and assets of $396.7M (revenue +5.8% year-over-year).
- 2018: Revenue of $34.3M, expenses of $28.2M, and assets of $388.1M (revenue +250.8% year-over-year).
- 2017: Revenue of $9.8M, expenses of $32.3M, and assets of $382.4M (revenue -67.8% year-over-year).
- 2016: Revenue of $30.3M, expenses of $33.6M, and assets of $377.7M (revenue +10.4% year-over-year).
- 2015: Revenue of $27.5M, expenses of $35.5M, and assets of $388.6M (revenue -11.5% year-over-year).
- 2014: Revenue of $31.1M, expenses of $35.1M, and assets of $398.9M (revenue +17.2% year-over-year).
- 2013: Revenue of $26.5M, expenses of $34.9M, and assets of $406.8M (revenue -0.8% year-over-year).
- 2012: Revenue of $26.7M, expenses of $40.2M, and assets of $419.9M (revenue +5.2% year-over-year).
- 2011: Revenue of $25.4M, expenses of $45.0M, and assets of $439.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Louisville Arena Authority Inc:
Data Sources and Methodology
This transparency report for Louisville Arena Authority Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.