Appreciate the question. You see in the link that they're getting their info from the Department of Education's annual EADA survey. Here's the U of L webpage for those surveys.
LINK
Those are not GAAP financial reports that conform to widely accepted profit-and-loss accounting. Moreover, the list of schools in your link only shows revenues, no expenses. You can't tell how much money a department or sport is generating by only looking at half the equation.
From the date, I assume that the list you linked is for FY2022. If you click on this
LINK, you'll find the audited financial report for ULAA that same year. Toward the bottom of page 5, you see the change in ULAA net position for 2022 was -8.66 million dollars. That's how much expenses exceeded revenues that year for the entire department.
You note from the same line that net position declined by $9.615 million the year before (2021). So in those two years, U of L "lost" more than $18 million in athletics. Again, these are audited financial reports from third-party accountants.
No, U of L athletics does not have any money because we have been doing this routinely since 2017. And we continue to lose money now although it's getting more difficult for me to track the losses since U of L has started stonewalling me on what used to be routine financial reports. Not a good sign...