Lexington Auditorium Association

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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

2011

Legal Domicile

Principal Officer

Erica Morris

Phone

8168389162

Tax Period

2020-01-01 to 2020-12-31

Lexington Auditorium Association, founded in 2011, is a micro nonprofit that reported $28K in total revenue in fiscal year 2020. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $35K exceeded revenue, resulting in a 25% operating deficit.

Mission

Restoration and care of the city of Lexington, Missouri's historic municipal auditorium building.

Program Service Accomplishments

Program 1

Expenses: $29,323 Revenue: $27,844

Organization provided funding for the substantial rehabilitation of the Lexington municipal auditorium building. This included construction costs and routine maintenance and repairs.

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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 (2020)

Revenue Breakdown

Contributions & Grants $23,014

Program Service Revenue $4,480

Investment Income $350

Other Revenue $0

TOTAL REVENUE $27,844

Expense Breakdown

Grants Paid $7,806

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,323

Other Expenses $26,906

TOTAL EXPENSES $34,712

Year-over-Year Comparison

	2020	2019	Change
Revenue	$27,844	$41,500	-0.3%
Expenses	$34,712	$36,437	0.0%
Net Income	$-6,868	$5,063	-2.4%

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

N/A

Volunteers

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
Tami Worthington	President	8.00	Officer	$0	$0	$0
Susan Kirkpatrick	Secretary	2.00	Officer	$0	$0	$0
Lance Kleoppel-Hermreck	Vice President	2.00	Officer	$0	$0	$0
Erica Morris	Treasurer	2.00	Officer	$0	$0	$0
Sharon A Propst	Director	2.00	Director	$0	$0	$0
DeAnna Fritsche	Director	2.00	Director	$0	$0	$0
Patrick Berry	Director	2.00	Director	$0	$0	$0
Jake Kleoppel-Hermreck	Director	2.00	Director	$0	$0	$0
Rick Cottrell	Director	2.00	Director	$0	$0	$0
Tina Wailand-Hamre	Director	2.00	Director	$0	$0	$0
Crystal Ruffin	Director	2.00	Director	$0	$0	$0
Mancle Anderson	Director	2.00	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
2020	$27,844	$34,712	$37,463	$-6,868
2019	$41,500	$36,437	$38,417	$5,063
2018	$40,367	$39,339	$33,156	$1,028