LYRIC ARTS COMPANY OF ANOKA INC (EIN 411513307) - 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

1995

Legal Domicile

Principal Officer

LAURA TAHJA JOHNSON

Phone

7634221838

Tax Period

2024-07-01 to 2025-06-30

LYRIC ARTS COMPANY OF ANOKA INC, founded in 1995, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO ENRICH LIVES BY CREATING MEANINGFUL PERFORMING ARTS EXPERIENCES THAT IGNITE THE IMAGINATION, INSPIRE THE SPIRIT, AND ENGAGE THE COMMUNITY

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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 $472,097

Program Service Revenue $1,032,894

Investment Income $4,553

Other Revenue $96,210

TOTAL REVENUE $1,605,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $598,210

Fundraising Expenses $144,181

Program Expenses $1,238,066

Other Expenses $1,075,053

TOTAL EXPENSES $1,673,263

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,605,754	$1,427,887	+0.1%
Expenses	$1,673,263	$1,776,784	-0.1%
Net Income	$-67,509	$-348,897	-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

Volunteers

185

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

$91,365

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF DANOVSKY	CHAIR	2.00	Officer Director	$0	$0	$0
KIRA CAMPBELL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DAVID VANDERGRIFF	TREASURER	2.00	Officer Director	$0	$0	$0
VALERIE UNDERWOOD	SECRETARY	2.00	Officer Director	$0	$0	$0
JULIE KARELS-JOHNSON	MEMBER AT LARGE	2.00	Director	$0	$0	$0
DIANE KELLNER	MEMBER AT LARGE	2.00	Director	$0	$0	$0
JACLYN MCDONALD	MEMBER AT LARGE	2.00	Director	$0	$0	$0
KENDRA MILES-SMITH	MEMBER AT LARGE	2.00	Director	$0	$0	$0
REBECCA SKELTON	MEMBER AT LARGE	2.00	Director	$0	$0	$0
TIM TORMOEN	MEMBER AT LARGE	2.00	Director	$0	$0	$0
STACEY BUCHANEN	MEMBER AT LARGE	2.00	Director	$0	$0	$0
REBECCA WOLTERS	MEMBER AT LARGE	2.00	Director	$0	$0	$0
BJORN SKOGQUIST	MEMBER AT LARGE	2.00	Director	$0	$0	$0
LAURA TAHJA JOHNSON	ARTISTIC & EXECUTIVE DIREC	50.00	Officer	$91,365	$0	$91,365

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	$1,605,754	$1,673,263	$1,386,434	$-67,509
2024	$1,427,887	$1,776,784	$1,489,999	$-348,897
2023	$1,564,821	$1,505,297	$1,729,540	$59,524
2022	$1,200,591	$1,142,815	$1,846,515	$57,776
2021	$498,836	$581,645	$1,537,270	$-82,809
2020	$1,719,602	$1,026,500	$1,659,500	$693,102
2019	$1,138,701	$1,233,645	$1,609,063	$-94,944
2018	$1,076,111	$1,133,180	$1,642,423	$-57,069

LYRIC ARTS COMPANY OF ANOKA INC