LAMB ARTS LTD (EIN 203694629) - 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

2005

Legal Domicile

Principal Officer

KATIE COLLING

Phone

7122930930

Tax Period

2024-01-01 to 2024-12-31

LAMB ARTS LTD, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $209K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $413K exceeded revenue, resulting in a 98% operating deficit.

Mission

THE MISSION OF LAMB ARTS REGIONAL THEATRE AND SCHOOL IS TO SHOWCASE OUTSTANDING THEATRICAL PRODUCTIONS AND INNOVATIVE ARTS CURRICULUM THAT ENRICHES LIVES IN SIOUXLAND.

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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 $76,004

Program Service Revenue $110,427

Investment Income $22,306

Other Revenue $0

TOTAL REVENUE $208,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,004

Fundraising Expenses $7,441

Program Expenses $362,662

Other Expenses $329,033

TOTAL EXPENSES $413,037

Year-over-Year Comparison

	2024	2023	Change
Revenue	$208,737	$470,555	-0.6%
Expenses	$413,037	$214,007	+0.9%
Net Income	$-204,300	$256,548	-1.8%

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
PAMELA KAY BARRY	DIRECTOR	5.00	Officer Director	$0	$0	$0
KATIE COLLING	DIRECTOR, CO	5.00	Officer Director	$0	$0	$0
GRETCHEN GONDEK	DIRECTOR, CO	5.00	Officer Director	$0	$0	$0
DARLAKAE MAHON	DIRECTOR	5.00	Officer Director	$0	$0	$0
KATHRYN OPHEIM	DIRECTOR	5.00	Officer Director	$0	$0	$0
ERIN WEBBER-DREESEN	DIRECTOR	5.00	Officer Director	$0	$0	$0
DIANA WOOLEY	EXECUTIVE DI	10.00	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
2024	$208,737	$413,037	$926,522	$-204,300
2023	$470,555	$214,007	$2,616,199	$256,548
2022	$512,919	$276,284	$1,192,948	$236,635
2021	$526,490	$174,590	$1,352,326	$351,900
2020	$544,757	$288,584	$1,000,426	$256,173
2019	$496,268	$316,358	$744,253	$179,910
2018	$396,013	$237,661	$564,343	$158,352

LAMB ARTS LTD