LAKE PLACID, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE LAKE PLACID ASSOCIATION FOR MUSIC DRAMA AND ART INC, founded in 1972, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $10.9M in total revenue in fiscal year 2024. Revenue surged 227% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.3M, a strong 76% operating margin.
THE LAKE PLACID CENTER FOR THE ARTS IS DEDICATED TO PRESENTING AND FOSTERING QUALITY ARTS, WHICH INSPIRE, ENRICH, EDUCATE AND ENTERTAIN PEOPLE OF ALL AGES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $10,930,703 | $3,341,164 | +2.3% |
| Expenses | $2,593,119 | $2,211,438 | +0.2% |
| Net Income | $8,337,584 | $1,129,726 | +6.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JAMES LEMONS | EXECUTIVE DI | 40.00 |
Officer
|
$87,154 | $0 | $87,154 |
| TERESA BRADY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHERYL BRAUNSTEIN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARYLOU BROWN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ADELE CONNORS | CO-PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MIKE FOOTE | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SARAH GALVIN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOAN GIGNOUX | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DEBBIE HEIDECORN | VICE PRESIDE | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JENNIFER JENNINGS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CATHY JOHNSTON | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TAMMY LOEWY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| NANCY MASTER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CATHY MCGRAW | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARGIE PHILO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DALE SKIVINGTON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TRACY SMITH | CO-PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL TARDIF | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DENJA WEIBRECHT | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ALLIE WITHEE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $10,930,703 | $2,593,119 | $12,147,795 | $8,337,584 |
| 2023 | $3,341,164 | $2,211,438 | $4,119,947 | $1,129,726 |
| 2022 | $1,732,769 | $1,720,444 | $2,320,981 | $12,325 |
| 2022 | $1,220,099 | $1,132,890 | $3,046,882 | $87,209 |
| 2021 | $1,305,551 | $1,182,221 | $2,412,412 | $123,330 |
| 2020 | $1,389,311 | $1,462,121 | $2,105,151 | $-72,810 |
| 2019 | $1,235,931 | $1,380,096 | $2,079,659 | $-144,165 |
| 2018 | $1,364,100 | $1,361,156 | $2,256,658 | $2,944 |
Compare THE LAKE PLACID ASSOCIATION FOR MUSIC DRAMA AND ART INC with other nonprofits in New York and across the country.