LACIS Museum of Lace and Textiles Inc (EIN 201722834) - 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

2004

Legal Domicile

Principal Officer

PERRIN KLIOT

Phone

5103344728

Tax Period

2025-01-01 to 2025-12-31

LACIS Museum of Lace and Textiles Inc, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $795K in total revenue in fiscal year 2025. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $405K, a strong 51% operating margin.

Mission

The lacis museum of lace and textiles' exempt purpose is to provide a place of support, knowledge and encouragement for all involved in any aspect of the textile 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 (2025)

Revenue Breakdown

Contributions & Grants $591,748

Program Service Revenue $203,054

Investment Income $690

Other Revenue $0

TOTAL REVENUE $795,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,473

Fundraising Expenses $0

Program Expenses $390,335

Other Expenses $183,862

TOTAL EXPENSES $390,335

Year-over-Year Comparison

	2025	2024	Change
Revenue	$795,492	$574,740	+0.4%
Expenses	$390,335	$354,953	+0.1%
Net Income	$405,157	$219,787	+0.8%

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

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

N/A

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
Jules Kliot	Trustee	1.00	Director	$0	$0	$0
Storrie Johnson	President	10.00	Officer Director	$0	$0	$0
Aleso Gourhan	Secretary	2.00	Officer Director	$0	$0	$0
Tara Fields	Trustee	1.00	Director	$0	$0	$0
Perrin Kliot	Treasurer	2.00	Officer Director	$0	$0	$0
Ellen Thomsen	Trustee	1.00	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	$795,492	$390,335	$2,276,082	$405,157
2024	$574,740	$354,953	$1,870,925	$219,787
2023	$415,929	$274,803	$1,651,138	$141,126
2022	$700,499	$276,109	$1,510,012	$424,390
2021	$653,078	$271,451	$1,085,622	$381,627
2020	$1,089,798	$201,464	$1,558,973	$888,334
2020	$234,820	$201,464	$703,995	$33,356
2019	$432,617	$262,455	$670,639	$170,162
2018	$512,207	$290,768	$500,477	$221,439

LACIS Museum of Lace and Textiles Inc