Lotus Education and Arts Foundation Inc

EIN: 351941942 501(c)(3) Arts, Culture & Humanities

Bloomington, IN

Total Revenue
$406,268
Total Expenses
$560,333
Total Assets
$390,709
Net Assets
$380,939
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
IN
Phone
8123366599
Tax Period
2023-01-01 to 2023-12-31

Lotus Education and Arts Foundation Inc, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $406K in total revenue in fiscal year 2023. Expenses of $560K exceeded revenue, resulting in a 38% operating deficit.

Mission

Stimulate and promote interest in global and international music, dance and art activities

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $265,088
Program Service Revenue $116,258
Investment Income $4,659
Other Revenue $20,263
TOTAL REVENUE $406,268

Expense Breakdown

Grants Paid $0
Salaries & Benefits $236,974
Fundraising Expenses $43,439
Program Expenses $379,942
Other Expenses $323,359
TOTAL EXPENSES $560,333

Year-over-Year Comparison

2023 2022 Change
Revenue $406,268 $399,788 +0.0%
Expenses $560,333 $531,671 +0.1%
Net Income $-154,065 $-131,883 +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

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Governance

Voting Members
15
Independent Members
15
Employees
9
Volunteers
500

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
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Katerina Koch Exec Dir 40.00
Highest
$31,513 $0 $31,513
Sheridan Arnold Board 1.00
Director
$0 $0 $0
Dave Debikey Board 1.00
Director
$0 $0 $0
Erica Penna Secy 1.00
Officer Director
$0 $0 $0
Jennifer Riley Simone Chair 1.00
Director
$0 $0 $0
Andy Qualls Vice Chair 1.00
Officer Director
$0 $0 $0
Genevieve Pritchard Board 1.00
Director
$0 $0 $0
Dan Mounlio Board 1.00
Director
$0 $0 $0
Katja Miller Board 1.00
Director
$0 $0 $0
Daniel Reed Board 1.00
Director
$0 $0 $0
Anne Bartlett Stowers Board 1.00
Director
$0 $0 $0
Michael Valliant Chair 1.00
Officer Director
$0 $0 $0
Zac Simpkins Treas 1.00
Officer Director
$0 $0 $0
Amanda Franklin Board 1.00
Director
$0 $0 $0
Kathleen Hugo Board 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
2024 No data No data No data No data
2023 $406,268 $560,333 $390,709 $-154,065
2022 $399,251 $531,671 $533,469 $-132,420
2021 $558,599 $440,376 $670,200 $118,223
2020 $372,902 $279,192 $691,166 $93,710
2019 $560,287 $519,615 $580,128 $40,672
2018 $676,274 $616,263 $470,687 $60,011
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