LEXINGTON FRIENDS OF THE ARTS INC

EIN: 043245366 501(c)(3) Arts, Culture & Humanities

LEXINGTON, MA

Total Revenue
$868,485
Total Expenses
$792,758
Total Assets
$2,405,922
Net Assets
$1,903,446
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
MA
Principal Officer
TOM GRIFFITHS
Phone
7818626040
Tax Period
2024-09-01 to 2025-08-31

LEXINGTON FRIENDS OF THE ARTS INC, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $868K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $793K left a modest 9% surplus.

Mission

THE MUNROE CENTER FOR THE ARTS IS LEXINGTON'S HOME FOR VISUAL AND PERFORMING ARTS FOR EDUCATION AND EXPERIENCE, FOR SELF-EXPRESSION, REJUVENATION AND FRIENDSHIP.

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Trantor Score

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

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $270,112
Program Service Revenue $592,064
Investment Income $5,507
Other Revenue $802
TOTAL REVENUE $868,485

Expense Breakdown

Grants Paid $0
Salaries & Benefits $450,036
Fundraising Expenses $33,050
Program Expenses $548,580
Other Expenses $333,722
TOTAL EXPENSES $792,758

Year-over-Year Comparison

2024 2023 Change
Revenue $868,485 $683,501 +0.3%
Expenses $792,758 $726,652 +0.1%
Net Income $75,727 $-43,151 -2.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
49
Volunteers
101

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
3
$77,959
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIM COBURN CHAIR 0.50
Officer Director
$0 $0 $0
AMY KASER TREASURER 0.50
Officer Director
$0 $0 $0
DONALD BAILEY BOARD MEMBER 0.50
Director
$0 $0 $0
ELISABETH COLBATH BOARD MEMBER 0.50
Director
$0 $0 $0
BILL PASSMAN BOARD MEMBER 0.50
Director
$0 $0 $0
KEVIN MCKENNA BOARD MEMBER 0.50
Director
$0 $0 $0
STAR LANCASTER BOARD MEMBER 0.50
Director
$0 $0 $0
PAM SMITH BOARD MEMBER 0.50
Director
$0 $0 $0
SUSAN KNAUER BOARD MEMBER 0.50
Director
$0 $0 $0
OLIVIA KELLEY BOARD MEMBER 0.50
Director
$0 $0 $0
CRISTINA BURWELL EXECUTIVE DIRECTOR 40.00
Officer
$77,959 $0 $77,959
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 $868,485 $792,758 $2,405,922 $75,727
2024 $683,501 $726,652 $2,312,742 $-43,151
2023 $810,123 $720,278 $2,376,796 $89,845
2022 $624,948 $661,575 $1,888,162 $-36,627
2021 $649,261 $586,907 $1,935,748 $62,354
2020 $2,206,759 $536,551 $1,863,683 $1,670,208
2019 $545,577 $485,581 $233,947 $59,996
2019 $545,577 $502,573 $607,317 $43,004
2018 $567,473 $527,594 $585,195 $39,879
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