LYNN ARTS INC (EIN 043171413) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

JOSEPH SCANLON

Phone

7815985244

Tax Period

2024-07-01 to 2025-06-30

LYNN ARTS INC, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $213K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $242K exceeded revenue, resulting in a 14% operating deficit.

Mission

PROMOTION OF THE ARTS IN LYNN AND GREATER BOSTON

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $44,719

Program Service Revenue $159,918

Investment Income $8,488

Other Revenue $0

TOTAL REVENUE $213,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $14,257

Program Expenses $209,785

Other Expenses $242,299

TOTAL EXPENSES $242,299

Year-over-Year Comparison

	2024	2023	Change
Revenue	$213,125	$674,851	-0.7%
Expenses	$242,299	$216,210	+0.1%
Net Income	$-29,174	$458,641	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN BABBITT	TREASURER	2.00	Officer Director	$0	$0	$0
SANDRA FORZIATI	CLERK	2.00	Officer Director	$0	$0	$0
JOSEPH SCANLON	PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVE WALSH	DIRECTOR	2.00	Director	$0	$0	$0

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
2025	$213,125	$242,299	$1,202,873	$-29,174
2024	$674,851	$216,210	$1,228,728	$458,641
2023	$141,137	$225,786	$754,495	$-84,649
2022	$144,895	$208,849	$841,217	$-63,954
2021	$142,326	$176,791	$908,589	$-34,465
2020	$139,493	$182,599	$950,971	$-43,106
2019	$136,583	$168,331	$996,517	$-31,748
2018	$128,126	$187,548	$1,026,740	$-59,422

LYNN ARTS INC