LEXINGTON ART LEAGUE INC (EIN 310890845) - 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

1976

Legal Domicile

Principal Officer

LORI ROWLAND HOULIHAN

Phone

8592547024

Tax Period

2024-07-01 to 2025-06-30

LEXINGTON ART LEAGUE INC, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $239K in total revenue in fiscal year 2024. Expenses of $287K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE ORGANIZATION PROMOTES THE VISUAL ARTS IN THE CENTRAL KENTUCKY AREA THROUGH SPONSORSHPS OF EXHIBITS, OFFERING CLASSES, ART FAIRS, AND SIMILAR ENDEAVORS.

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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 $77,587

Program Service Revenue $137,698

Investment Income $58

Other Revenue $23,859

TOTAL REVENUE $239,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,699

Fundraising Expenses $43,292

Program Expenses $139,655

Other Expenses $156,839

TOTAL EXPENSES $286,538

Year-over-Year Comparison

	2024	2023	Change
Revenue	$239,202	$225,212	+0.1%
Expenses	$286,538	$282,049	+0.0%
Net Income	$-47,336	$-56,837	-0.2%

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

150

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

$56,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEXY G HOLLAND	PRESIDENT	2.00	Officer Director	$0	$0	$0
JACOB BOYD	TREASURER	2.00	Officer Director	$0	$0	$0
ADAM TAYLOR BROWN	SECRETARY	2.00	Officer Director	$0	$0	$0
AMOH KUMENGISA	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIE COX	BOARD MEMBER	2.00	Director	$0	$0	$0
JONATHAN BRONAUGH	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBBIE VARILLAS	BOARD MEMBER	2.00	Director	$0	$0	$0
TANZI MERRITT	BOARD MEMBER	2.00	Director	$0	$0	$0
LORI ROWLAND HOULIHAN	EXECUTIVE DIRECTOR	40.00	Officer	$56,100	$0	$56,100

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	$239,202	$286,538	$67,800	$-47,336
2024	$225,212	$282,049	$115,952	$-56,837
2023	$322,715	$270,245	$180,349	$52,470
2022	$229,681	$219,430	$128,308	$10,251
2021	$169,649	$185,733	$103,114	$-16,084
2020	$283,685	$264,247	$84,426	$19,438
2019	$294,327	$301,998	$119,297	$-7,671

LEXINGTON ART LEAGUE INC