LUBBOCK ARTS ALLIANCE INC (EIN 237015858) - 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

1969

Legal Domicile

Principal Officer

ELIZABETH GRIGSBY

Phone

8067442787

Tax Period

2025-01-01 to 2025-12-31

LUBBOCK ARTS ALLIANCE INC, founded in 1969, is a small nonprofit in the Arts, Culture & Humanities sector that reported $926K in total revenue in fiscal year 2025. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $238K, a strong 26% operating margin.

Mission

TO FOSTER THE CREATION, UNDERSTANDING, AND ENJOYMENT OF THE ARTS IN AND AROUND THE LUBBOCK COMMUNITY.

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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 $374,988

Program Service Revenue $495,555

Investment Income $55,281

Other Revenue $0

TOTAL REVENUE $925,824

Expense Breakdown

Grants Paid $0

Salaries & Benefits $222,971

Fundraising Expenses $13,104

Program Expenses $620,553

Other Expenses $464,856

TOTAL EXPENSES $687,827

Year-over-Year Comparison

	2025	2024	Change
Revenue	$925,824	$679,140	+0.4%
Expenses	$687,827	$647,780	+0.1%
Net Income	$237,997	$31,360	+6.6%

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

100

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

$131,040

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH GRIGSBY	Executive Dir.	45.00	Officer	$131,040	$0	$131,040
TORICO PRICE	Director	1.00	Director	$0	$0	$0
CAROL FLUECKIGER	Director	1.00	Director	$0	$0	$0
STEVE MAINES	President	3.00	Officer Director	$0	$0	$0
LANE TURNER	Treasurer	3.00	Officer Director	$0	$0	$0
J EDSON WAY	Director	1.00	Director	$0	$0	$0
KEITH MANN	Vice President	3.00	Officer Director	$0	$0	$0
CAROLINA ARELLANOS	Secretary	1.00	Officer Director	$0	$0	$0
EVELYN DAVIES	Director	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	$925,824	$687,827	$1,074,322	$237,997
2024	$679,140	$647,780	$905,257	$31,360
2023	$1,002,326	$745,964	$763,669	$256,362
2022	$612,271	$612,235	$573,902	$36
2021	$632,496	$582,127	$493,560	$50,369
2021	$632,496	$611,687	$464,000	$20,809
2020	$437,753	$424,704	$559,612	$13,049
2019	$546,666	$622,088	$368,065	$-75,422
2018	$489,182	$488,072	$399,341	$1,110

LUBBOCK ARTS ALLIANCE INC