KFC Yum! Center

Legal name: Louisville Arena Authority Inc

Nonprofit profile at a glance

EIN
204230414
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Louisville, KY, US
Phone
(502) 690-4800
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Amateur Sports Competitions

Official website

Reported finances

Revenue
$44,970,153
Expenses
$28,053,549
Assets
$377,155,505
Liabilities
$336,725,757

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

People named in this filing

  • LESLIE GEOGHEGAN (CHAIR)
  • DARRIN MCCAULEY (VICE CHAIR)
  • NICOLE YATES (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To finance and oversee the management of a multi-purpose arena in downtown louisville, ky. The arena is a venue for a variety of community-oriented events, which will generally be open to the public, including university of louisville men's and women's (see schedule o) basketball games, concerts, family shows and other events.

What it reported doing in 2024

The louisville arena authority was created in 2005 under the direction of then Kentucky governor ernie fletcher and oversees the financial process of the kfc yum! Center. The arena authority guided the development, financing and construction process of the $238 million arena. It also selected financing, construction, design and management partners, which includes aeg management louisville, llc as the current managing and operating entity. Since its opening, the kfc yum! Center has hosted university of louisville men's and women's basketball games, numerous concerts and family shows and private events. Interest in the facility remains high, and as a result, numerous new businesses have (see schedule o) opened near the arena. As anticipated, the arena has led to additional economic development in downtown louisville.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 83
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60%; rating input score 60
  • Program expense ratio: 96.2%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 37.6%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 13.44; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.89; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings

Growth

  • Program expense growth: -2.7% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: 5.4% per year; rating input score 100; 47th percentile among comparable filings
  • Asset growth: -1.3% per year; rating input score 0; 7th percentile among comparable filings

Details

  • What they do: 1 operating location identified
  • Where the money goes: 60% of revenue deployed · 96.2% of spending went to programs
  • Governance: 15 of 15 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $27M in reported program spending
  • Leadership: top reported pay $0 · 19 people listed
  • Highest-paid contractors: 2 contractors listed · $885K reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.