LAMB ARTS LTD

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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

2025-01-01 to 2025-12-31

LAMB ARTS LTD, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $257K in total revenue in fiscal year 2025. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $241K left a modest 6% surplus.

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.

Program Service Accomplishments

Program 1

Expenses: $141,799 Revenue: $75,745

PROVIDE THE CITIZENS OF THE SIOUXLAND COMMUNITIES WITH THE OPPORTUNITY TO ENJOY LIVE THEATRE PRODUCTIONS WITH THE TALENT COMING FROM THOSE SAME COMMUNITIES AT A COST MUCH LESS THAN IF PROFESSIONAL...

PROVIDE THE CITIZENS OF THE SIOUXLAND COMMUNITIES WITH THE OPPORTUNITY TO ENJOY LIVE THEATRE PRODUCTIONS WITH THE TALENT COMING FROM THOSE SAME COMMUNITIES AT A COST MUCH LESS THAN IF PROFESSIONAL TALET WAS PURCHASED

Program 2

Expenses: $78,540 Revenue: $49,817

PROVIDE THE YOUTH OF THE SIOUXLAND COMMUNITIES WITH THE OPPORTUNITY TO LEARN ABOUT THE ARTS BY OFFERING PROFESSIONAL EDUCATION PROGRAMS ABOUT THE THEATRE AND OPERATE A MULTIFUNCTIONAL ORGANIZATION...

PROVIDE THE YOUTH OF THE SIOUXLAND COMMUNITIES WITH THE OPPORTUNITY TO LEARN ABOUT THE ARTS BY OFFERING PROFESSIONAL EDUCATION PROGRAMS ABOUT THE THEATRE AND OPERATE A MULTIFUNCTIONAL ORGANIZATION THAT CELEBRATES EDUCATION (SCHOOL), MANAGES THEATRE PERFORMANCES AND DESIGNS, FUNDRAISES AND PARTICIPATES IN THE DEVELOPMENT OF A NEW LAMB ARTS HOME.

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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 $99,135

Program Service Revenue $126,962

Investment Income $30,611

Other Revenue $0

TOTAL REVENUE $256,708

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,625

Fundraising Expenses $0

Program Expenses $220,339

Other Expenses $144,367

TOTAL EXPENSES $240,992

Year-over-Year Comparison

	2025	2024	Change
Revenue	$256,708	$208,737	+0.2%
Expenses	$240,992	$413,037	-0.4%
Net Income	$15,716	$-204,300	-1.1%

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	N/A	Officer Director	$0	$0	$0
KATIE COLLING	DIRECTOR, CO	N/A	Officer Director	$0	$0	$0
GRETCHEN GONDEK	DIRECTOR, CO	N/A	Officer Director	$0	$0	$0
DARLAKAE MAHON	DIRECTOR	N/A	Officer Director	$0	$0	$0
KATHRYN OPHEIM	DIRECTOR	N/A	Officer Director	$0	$0	$0
ERIN WEBBER-DREESEN	DIRECTOR	N/A	Officer Director	$0	$0	$0
DIANA WOOLEY	EXECUTIVE DI	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
2025	$256,708	$240,992	$932,751	$15,716
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