LEXINGTON, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LYRIC THEATRE & CULTURAL ARTS CENTER, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $574K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $114K, a strong 20% operating margin.
THE MISSION OF THE LYRIC THEATRE AND CULTURAL ARTS CENTER IS TO PRESERVE, PROMOTE, PRESENT AND CELEBRATE DIVERSE CULTURES WITH SPECIAL EMPHASIS ON AFRICAN-AMERICAN CULTURAL HERITAGE THROUGH ARTISTIC PRESENTATIONS OF THE HIGHEST QUALITY, EDUCATIONAL PROGRAMMING AND OUTREACH.
DURING FISCAL YEAR 2025, THE LYRIC THEATRE & CULTURAL ARTS CENTER CONTINUED TO SERVE AS AN IMPORTANT CULTURAL, EDUCATIONAL, AND COMMUNITY RESOURCE FOR LEXINGTON AND THE SURROUNDING REGION. THE...
DURING FISCAL YEAR 2025, THE LYRIC THEATRE & CULTURAL ARTS CENTER CONTINUED TO SERVE AS AN IMPORTANT CULTURAL, EDUCATIONAL, AND COMMUNITY RESOURCE FOR LEXINGTON AND THE SURROUNDING REGION. THE ORGANIZATION FULFILLED ITS NONPROFIT MISSION BY PROVIDING ARTS EDUCATION, CULTURAL PROGRAMMING, HISTORICAL PRESERVATION, ARTIST SUPPORT, AND AFFORDABLE COMMUNITY ACCESS TO THE ARTS FOR PEOPLE OF ALL AGES AND BACKGROUNDS.ARTS EDUCATION AND YOUTH PROGRAMMING:THE LYRIC PROVIDED YOUTH ARTS PROGRAMS, THEATRE WORKSHOPS, AFTER-SCHOOL ACTIVITIES, CULTURAL ARTS INSTRUCTION, AND CREATIVE ENRICHMENT OPPORTUNITIES THAT ENCOURAGED CREATIVITY, SELF-EXPRESSION, CONFIDENCE, AND PERSONAL GROWTH. THE ORGANIZATION ALSO OFFERED FREE WEEKLY COMMUNITY CLASSES EVERY TUESDAY INCLUDING YOGA, AFROBEATS DANCE, LATIN DANCE, ACTING CLASSES, AND OPPORTUNITIES FOR LOCAL FILMMAKERS TO SHOWCASE AMATEUR FILMS. SCHOLARSHIPS AND FREE PROGRAMMING HELPED REMOVE FINANCIAL BARRIERS FOR PARTICIPATION.COMMUNITY ENGAGEMENT AND PUBLIC PROGRAMS:THE LYRIC HOSTED CONCERTS, FESTIVALS, SPEAKER SERIES, FILM SCREENINGS, WELLNESS ACTIVITIES, EDUCATIONAL FORUMS, CULTURAL CELEBRATIONS, AND CIVIC EVENTS THAT BROUGHT THE COMMUNITY TOGETHER AND INCREASED PUBLIC PARTICIPATION IN ARTS AND CULTURE. MANY EVENTS WERE FREE OR AFFORDABLE TO ENSURE ACCESSIBILITY FOR UNDERSERVED AND LOW-INCOME RESIDENTS.ARTIST DEVELOPMENT AND ECONOMIC SUPPORT:THE ORGANIZATION SUPPORTED LOCAL AND REGIONAL ARTISTS BY PROVIDING PERFORMANCE OPPORTUNITIES, EXHIBITION SPACE, TECHNICAL SUPPORT, NETWORKING OPPORTUNITIES, PROFESSIONAL EXPOSURE, AND FAIR COMPENSATION. THESE EFFORTS HELPED STRENGTHEN LEXINGTON'S LOCAL ARTS ECONOMY AND PROVIDED MEANINGFUL OPPORTUNITIES FOR EMERGING AND ESTABLISHED ARTISTS.HISTORICAL PRESERVATION AND CULTURAL HERITAGE:AS A HISTORIC AFRICAN AMERICAN CULTURAL INSTITUTION, THE LYRIC PRESERVED AND CELEBRATED LOCAL AFRICAN AMERICAN HISTORY AND CULTURE THROUGH EXHIBITIONS, STORYTELLING PROGRAMS, PERFORMANCES, AND EDUCATIONAL ACTIVITIES. THESE PROGRAMS HELPED EDUCATE THE PUBLIC ABOUT THE IMPORTANCE OF AFRICAN AMERICAN ARTS, CULTURE, AND HISTORICAL CONTRIBUTIONS WITHIN THE COMMUNITY.FACILITY AND COMMUNITY USE:THE LYRIC PROVIDED AFFORDABLE AND ACCESSIBLE SPACE FOR NONPROFIT ORGANIZATIONS, SCHOOLS, CIVIC GROUPS, BUSINESSES, AND COMMUNITY ORGANIZATIONS TO HOST MEETINGS, EDUCATIONAL PROGRAMS, PERFORMANCES, AND PUBLIC EVENTS. THE FACILITY SERVED THOUSANDS OF PATRONS THROUGHOUT THE YEAR AND REMAINED A CENTRAL GATHERING SPACE FOR COMMUNITY COLLABORATION AND ENGAGEMENT.USE OF DONATIONS AND GRANTS:DONATIONS, SPONSORSHIPS, AND GRANT FUNDING WERE USED TO EXPAND ARTS EDUCATION PROGRAMS, SUPPORT FREE AND AFFORDABLE PUBLIC PROGRAMMING, INVEST IN ARTIST DEVELOPMENT, IMPROVE OPERATIONAL CAPACITY, AND MAINTAIN THE HISTORIC FACILITY. FUNDING ALSO SUPPORTED TECHNOLOGY AND FACILITY UPGRADES INCLUDING LIGHTING, SOUND EQUIPMENT, FURNISHINGS, AND INTERIOR IMPROVEMENTS THAT ENHANCED VISITOR EXPERIENCES AND PROGRAM DELIVERY.ORGANIZATIONAL GROWTH AND VOLUNTEER SUPPORT:THE ORGANIZATION CONTINUED EXPANDING ITS PROGRAMMING AND OUTREACH EFFORTS THROUGH PERSONNEL GROWTH, COMMUNITY PARTNERSHIPS, AND OPERATIONAL IMPROVEMENTS. APPROXIMATELY 15 VOLUNTEERS SUPPORTED EVENTS, PROGRAMMING, OPERATIONS, AND COMMUNITY ENGAGEMENT EFFORTS THROUGHOUT THE FISCAL YEAR.
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 | $573,972 | $513,562 | +0.1% |
| Expenses | $460,125 | $479,831 | 0.0% |
| Net Income | $113,847 | $33,731 | +2.4% |
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 |
|---|---|---|---|---|---|---|
| WALLACE BARBER | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MORGAN JONES | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| LARRY JOHNSON | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| TYLER MORTON | VICE PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SEON JACKSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ALEXANDER BUTLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TIFFANY DANIELS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MATT CRUTCHER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PAULA CAMPBELL-RUDD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHANIE FITCH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TIMOTHY JOHNSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GEORGE BROWN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| OBIE TAYLOR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LATOSHA REYNOLDS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANITREA BURKS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTIAN ADAIR | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$92,464 | $0 | $92,464 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $573,972 | $460,125 | $861,289 | $113,847 |
| 2024 | $513,562 | $479,831 | $701,065 | $33,731 |
| 2023 | $538,737 | $330,827 | $704,272 | $207,910 |
| 2022 | $450,573 | $323,107 | $500,406 | $127,466 |
| 2021 | $289,788 | $193,327 | $454,336 | $96,461 |
| 2020 | $405,360 | $356,696 | $274,421 | $48,664 |
| 2019 | $404,219 | $405,816 | $195,067 | $-1,597 |
| 2018 | $514,404 | $505,764 | $224,649 | $8,640 |
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