ART MUSEUM OF GREATER LAFAYETTE FOUNDATION INC (EIN 311085558) - 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

1982

Legal Domicile

Principal Officer

THOMAS REED

Phone

7657421128

Tax Period

2022-07-01 to 2023-06-30

ART MUSEUM OF GREATER LAFAYETTE FOUNDATION INC, founded in 1982, is a small nonprofit in the Arts, Culture & Humanities sector that reported $114K in total revenue in fiscal year 2022. Revenue surged 27% from the prior year, signaling strong growth momentum. Net assets of $1.7M represent 179 months of operating reserves.

Mission

THE PURPOSE FOR WHICH THE CORPORATION WAS FORMED WAS EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)3 OF THE UNITED STATES INTERNAL REVENUE CODE OF 1954, AS THE SAME MAY BE AMENDED, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE OF 1954, AS THE SAME MAY BE AMENDED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $13,762

Program Service Revenue $0

Investment Income $99,792

Other Revenue $0

TOTAL REVENUE $113,554

Expense Breakdown

Grants Paid $93,826

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $93,826

Other Expenses $17,993

TOTAL EXPENSES $111,819

Year-over-Year Comparison

	2022	2021	Change
Revenue	$113,554	$89,102	+0.3%
Expenses	$111,819	$80,742	+0.4%
Net Income	$1,735	$8,360	-0.8%

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
STUART P BOEHNING	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR VASQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
ALBERTA BARKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS REED	TREASURER	1.00	Officer Director	$0	$0	$0
RON ALTING	DIRECTOR	1.00	Director	$0	$0	$0
MARIANNE ROSE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JIM BODENMILLER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN CHAVERS	DIRECTOR	1.00	Director	$0	$0	$0
ED CHOSNEK	DIRECTOR	1.00	Director	$0	$0	$0
ROB GALBRAITH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DENNIS	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE CURTIS	DIRECTOR	1.00	Director	$0	$0	$0
GARY HENRIOTT	DIRECTOR	1.00	Director	$0	$0	$0
JOS HOLMAN	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA KLINKER	DIRECTOR	1.00	Director	$0	$0	$0
JEANNE NORBURG	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY LOVE	DIRECTOR	1.00	Director	$0	$0	$0
INGE MARESH	DIRECTOR	1.00	Director	$0	$0	$0
MARIANNE MITTEN OWEN	DIRECTOR	1.00	Director	$0	$0	$0
PRELLA MCBRIDE	DIRECTOR	1.00	Director	$0	$0	$0
SUE HOLDER PRICE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIE REED	DIRECTOR	1.00	Director	$0	$0	$0
CAROL PURDY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES RISK III	DIRECTOR	1.00	Director	$0	$0	$0
TONY ROSWARSKI	DIRECTOR	1.00	Director	$0	$0	$0
SARAH SCHWARZ	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH SEAMAN	DIRECTOR	1.00	Director	$0	$0	$0
WESLEY SHOOK	DIRECTOR	1.00	Director	$0	$0	$0
SHARON THEOBALD	DIRECTOR	1.00	Director	$0	$0	$0
KENDALL SMITH	DIRECTOR	1.00	Director	$0	$0	$0
LAURA VANIER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT WU	SECRETARY	1.00	Officer Director	$0	$0	$0
LORIE AMICK	EX-OFFICIO	1.00	Officer	$0	$0	$0
RACHEL SHOOK	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$113,554	$111,819	$1,692,858	$1,735
2022	$89,102	$80,742	$1,952,437	$8,360
2021	$95,539	$90,535	$1,978,086	$5,004
2020	$25,325	$89,643	$1,632,367	$-64,318
2019	$261,887	$94,178	$1,694,661	$167,709

ART MUSEUM OF GREATER LAFAYETTE FOUNDATION INC