Louisville Cardinal Incorporated

Nonprofit profile at a glance

EIN
310970482
IRS 990-EZ coverage
2018–2019
Forms available
Form 990-EZ 2019
Location
Louisville, KY, USA
Phone
5028526728
Rating
89
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$100,527
Expenses
$121,389
Assets
$24,276
Liabilities
$6,014

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

11 people listed

People named in this filing

  • ED GREEN (CHAIR)
  • CHRISTOPHER OTTS (VICE-CHAIR)
  • MIKE KALLAY (TREASURER)

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

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The louisville cardinal, an independent student newspaper, serves the community on and around the university of louisville campuses in louisville, Kentucky. It also serves as an outlet for aspiring student journalists.

What it reported doing in 2019

The louisville cardinal is the independent weekly student newspaper of the university of louisville. It is published every tuesday during the academic year and once in late april for distribution throughout the summer. This organization serves as an outlet for aspiring student journalists.

Operating model

Revenue model
Earned-program. 72% of the money available for current operations came from fees and other program revenue.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 100
  • Sustainability: 19
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 92.4%; rating input score 92

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -20.8%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 0.2; rating input score 18; 18th percentile among comparable filings
  • Liabilities to assets ratio: 0.25; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: -12.8% per year; rating input score 0; 12th percentile among comparable filings
  • Revenue growth: -19.2% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -53% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 92.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $112K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2018 to 2019
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 18/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.