LYRA SOCIETY (EIN 383723902) - 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

2005

Legal Domicile

Principal Officer

HELEN GERHOLD

Phone

2155450502

Tax Period

2024-09-01 to 2025-08-31

LYRA SOCIETY, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $238K in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $111K, a strong 47% operating margin.

Mission

THE LYRA SOCIETY WAS CREATED TO PROMOTE CULTURAL EQUITY THROUGH ACCESS TO HARP EDUCATION THROUGH ITS CORE PROGRAM, GLISSANDO. LYRA PROVIDES HARPS, HARP LESSONS, AND HARP PRESENTATIONS IN SCHOOLS AT NO COST TO STUDENTS WHO HAVE MINIMAL ACCESS TO MUSIC EDUCATION.

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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 $236,954

Program Service Revenue $0

Investment Income $1,364

Other Revenue $0

TOTAL REVENUE $238,318

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,703

Fundraising Expenses $650

Program Expenses $97,446

Other Expenses $40,777

TOTAL EXPENSES $127,480

Year-over-Year Comparison

	2024	2023	Change
Revenue	$238,318	$131,987	+0.8%
Expenses	$127,480	$124,299	+0.0%
Net Income	$110,838	$7,688	+13.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDRA CHAMBERLAIN	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS DEVINEY	TRUSTEE	1.00	Director	$0	$0	$0
KAREN ESKRIDGE	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH HAINEN	ARTISTIC DIR	20.00	Officer Director	$0	$0	$0
ANITA HENDERSON	TRUSTEE	1.00	Director	$0	$0	$0
DIANE MALLERY	TRUSTEE	1.00	Director	$0	$0	$0
ANNA MARIE AHN PETERSEN	TRUSTEE	1.00	Director	$0	$0	$0
HELEN GERHOLD	EXECUTIVE DI	40.00	Officer	$0	$0	$0
ROBERT SCHWARTZ	PRESIDENT	2.00	Officer	$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	$238,318	$127,480	$199,978	$110,838

LYRA SOCIETY