LANSING ART GALLERY & EDUCATION CENTER (EIN 381889973) - 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

1965

Legal Domicile

Principal Officer

MICHELLE CARLSON

Phone

5173746400

Tax Period

2022-07-01 to 2023-06-30

LANSING ART GALLERY & EDUCATION CENTER, founded in 1965, is a small nonprofit in the Arts, Culture & Humanities sector that reported $320K in total revenue in fiscal year 2022. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $405K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE LANSING ART GALLERY & EDUCATION CENTER PROVIDES PUBLIC AWARENESS, EDUCATION, AND ENJOYMENT OF THE VISUAL ARTS BY PROMOTING THE WORK OF MICHIGAN ARTISTS.

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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 $195,746

Program Service Revenue $118,748

Investment Income $2,760

Other Revenue $2,791

TOTAL REVENUE $320,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $218,731

Fundraising Expenses $11,388

Program Expenses $340,143

Other Expenses $186,110

TOTAL EXPENSES $404,841

Year-over-Year Comparison

	2022	2021	Change
Revenue	$320,045	$481,180	-0.3%
Expenses	$404,841	$450,734	-0.1%
Net Income	$-84,796	$30,446	-3.8%

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

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

$75,871

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL BEATTY	BOARD MEMBER	0.25	Director	$0	$0	$0
KEITH ROUSE	PRESIDENT	1.25	Officer Director	$0	$0	$0
DANIELLE DENEAU	BOARD MEMBER	0.25	Director	$0	$0	$0
MICKEY HADICK	SECRETARY	0.25	Officer Director	$0	$0	$0
BEN RATHBUN	BOARD MEMBER	0.25	Director	$0	$0	$0
JUDY EYDE	BOARD MEMBER	0.25	Director	$0	$0	$0
KIM LONG	BOARD MEMBER	0.25	Director	$0	$0	$0
LAURIE LONSDORF	BOARD MEMBER	1.50	Director	$0	$0	$0
RICH SNEARY	BOARD MEMBER	0.50	Director	$0	$0	$0
BRIAN WHITFIELD	BOARD MEMBER	0.25	Director	$0	$0	$0
REBECCA TENBRINK	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
RYAN RANSPACH	BOARD MEMBER	0.25	Director	$0	$0	$0
CHELSEA ROBERTS	BOARD MEMBER	0.25	Director	$0	$0	$0
EMILY WISNIEWSKI	BOARD MEMBER	0.25	Director	$0	$0	$0
MICHELLE CARLSON	ACTING EXECUTIVE DIRECTOR	40.00	Officer	$56,140	$0	$56,140
BARB WHITNEY	EXECUTIVE DIRECTOR- PART YEAR	40.00	Officer	$19,731	$0	$19,731

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	$320,045	$404,841	$443,369	$-84,796
2022	$481,180	$450,734	$401,038	$30,446
2021	$447,458	$350,937	$413,474	$96,521
2020	$333,815	$321,377	$325,245	$12,438
2019	$322,656	$260,840	$257,778	$61,816

LANSING ART GALLERY & EDUCATION CENTER