LAKE GEORGE ARTS PROJECT INC (EIN 141596748) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1978

Principal Officer

TODD REHM

Phone

5186682616

Tax Period

2024-01-01 to 2024-12-31

LAKE GEORGE ARTS PROJECT INC, founded in 1978, is a small nonprofit in the Arts, Culture & Humanities sector that reported $299K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $285K left a modest 5% surplus.

Mission

TO OFFER PROGRAMS IN THE ARTS

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $247,545

Program Service Revenue $17,893

Investment Income $244

Other Revenue $33,207

TOTAL REVENUE $298,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,972

Fundraising Expenses $0

Program Expenses $267,520

Other Expenses $192,647

TOTAL EXPENSES $284,619

Year-over-Year Comparison

	2024	2023	Change
Revenue	$298,889	$266,182	+0.1%
Expenses	$284,619	$215,470	+0.3%
Net Income	$14,270	$50,712	-0.7%

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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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
JOSE FILOMENO	DIRECTOR	N/A	Director	$0	$0	$0
ALEXANDRA GARRY	SECRETARY	N/A	Officer Director	$0	$0	$0
JEFF GARRY	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
NATHAN HALL	DIRECTOR	N/A	Director	$0	$0	$0
GLENDA HOWLAND	DIRECTOR	N/A	Director	$0	$0	$0
JENNY HUTCHINSON	DIRECTOR	N/A	Director	$0	$0	$0
MICHELLE MCKNIGHT LAMBERT	DIRECTOR	N/A	Director	$0	$0	$0
GARY MCCOOLA	DIRECTOR	N/A	Director	$0	$0	$0
TODD REHM	PRESIDENT	N/A	Officer Director	$0	$0	$0
DEBBIE SMITH	TREASURER	N/A	Officer Director	$0	$0	$0
DIANE SWANSON	DIRECTOR	N/A	Director	$0	$0	$0
MARGARET WALLACE	DIRECTOR	N/A	Director	$0	$0	$0
LISA WOITITZ	DIRECTOR	N/A	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
2024	$298,889	$284,619	$261,968	$14,270
2023	$266,182	$215,470	$247,989	$50,712
2022	$257,795	$211,709	$198,986	$46,086
2021	$267,009	$195,556	$162,980	$71,453
2020	$150,607	$125,746	$82,695	$24,861
2019	$208,427	$205,560	$57,740	$2,867
2018	$214,163	$200,553	$55,056	$13,610

LAKE GEORGE ARTS PROJECT INC