LEGION ARTS INC

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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

1981

Legal Domicile

Principal Officer

SCOTT BYERS

Phone

3193641580

Tax Period

2023-07-01 to 2024-06-30

LEGION ARTS INC, founded in 1981, is a small nonprofit in the Arts, Culture & Humanities sector that reported $433K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $685K exceeded revenue, resulting in a 58% operating deficit.

Mission

LEGION ARTS, INC. IS AN ARTIST-RUN ORGANIZATION THAT PROMOTES NEW AND INNOVATIVE EXPRESSION IN THE VISUAL, PERFORMING, LITERACY AND ELECTRONIC ARTS; FOSTERS CREATIVE INTERACTION BETWEEN ARTISTS, THEIR COMMUNITIES AND SOCIETY; AND ENCOURAGES THE IMAGINATIVE EXPLORATION OF CONTEMPORARY IDEAS AND EXPERIENCES.

Program Service Accomplishments

Program 1

Expenses: $332,669 Revenue: $239,121

ARTS PRESENTING: IN ITS ROLE IN INTRODUCING AUDIENCES TO NEW ART EXPERIENCES BY PROVIDING A GLOBAL ARTS PLATFORM, CSPS HALL THIS PAST YEAR PRESENTED AN ESTIMATED 12 ART EXHIBITS, SHOWCASING 62 VISUAL ARTISTS, AND AN ESTIMATED 84 PERFORMING ARTS EVENTS. THESE PRESENTATIONS FEATURED ESTABLISHED AND EMERGING ARTISTS FROM ACROSS THE UNITED STATES AND MORE THAN A DOZEN OTHER COUNTRIES.

Program 2

Expenses: $76,038 Revenue: $0

CULTURAL ENGAGEMENT: AS OWNER AND OPERATOR OF HISTORIC CSPS BUILDING, CSPS HALL SERVES AS AN ANCHOR AND CULTURAL ADVOCATE FOR OUR DISTRICT AND OUR LARGER COMMUNITY-IN EFFECT, AS A CENTER FOR THE...

CULTURAL ENGAGEMENT: AS OWNER AND OPERATOR OF HISTORIC CSPS BUILDING, CSPS HALL SERVES AS AN ANCHOR AND CULTURAL ADVOCATE FOR OUR DISTRICT AND OUR LARGER COMMUNITY-IN EFFECT, AS A CENTER FOR THE CREATIVE CITY. TO ARTS ENTREPRENEURS WE OFFER MARKET-RATE RETAIL SPACE; TO CITIZEN INITIATIVES AROUND PRESERVATION, DEVELOPMENT AND CIVIC INVOLVEMENT, WE OFFER INTERACTIVE ARTS EXPERIENCES, WORKSHOPS, EDUCATIONAL RESIDENCIES AND SIMILAR ACTIVITIES. PARTICIPANTS DIRECTLY SERVED DURING THE PAST YEAR IS ESTIMATED AT APPROXIMATELY 6,591.

Program 3

Expenses: $66,534 Revenue: $107,831

ARTIST SERVICES: CSPS HALL PROVIDES A RANGE OF SERVICES DESIGNED TO SUPPORT LOCAL AND VISITING ARTISTS IN THEIR PROFESSIONAL DEVELOPMENT AND THEIR PARTICIPATION IN AN IOWA ARTIST NETWORK. FUNDING AND...

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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 (2023)

Revenue Breakdown

Contributions & Grants $86,280

Program Service Revenue $207,534

Investment Income $0

Other Revenue $139,418

TOTAL REVENUE $433,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,734

Fundraising Expenses $26,028

Program Expenses $475,241

Other Expenses $562,990

TOTAL EXPENSES $684,724

Year-over-Year Comparison

	2023	2022	Change
Revenue	$433,232	$349,900	+0.2%
Expenses	$684,724	$579,655	+0.2%
Net Income	$-251,492	$-229,755	+0.1%

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

$13,295

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VERNON MONICA	PRESIDENT	4.00	Officer Director	$0	$0	$0
BYERS SCOTT	CHAIR/VICE CHAIR	4.00	Officer Director	$0	$0	$0
WEBER BEN	VICE CHAIR/TREASURER	4.00	Officer Director	$0	$0	$0
BROMMELKAMP ANDREA	SECRETARY	4.00	Officer Director	$0	$0	$0
ANDERSON ALEX	DIRECTOR	2.00	Director	$0	$0	$0
BURGER ADAM	DIRECTOR	2.00	Director	$0	$0	$0
COOPER CHAD	DIRECTOR	2.00	Director	$0	$0	$0
CORBETT RON	DIRECTOR	2.00	Director	$0	$0	$0
HARDIN ANNIE	DIRECTOR	2.00	Director	$0	$0	$0
JULIUS PAUL	DIRECTOR	2.00	Director	$0	$0	$0
MUHLENBRUCH MICHAEL	DIRECTOR	2.00	Director	$0	$0	$0
NEUMANN JEN	DIRECTOR	2.00	Director	$0	$0	$0
SCHNEEKLOTH TOMMY	DIRECTOR	2.00	Director	$0	$0	$0
STRAIT TERRY	DIRECTOR	2.00	Director	$0	$0	$0
TOMINSKY DAVID	DIRECTOR	2.00	Director	$0	$0	$0
VOSS SHERRI	DIRECTOR	2.00	Director	$0	$0	$0
ZBORNIK JASON	EXECUTIVE DIRECTOR	40.00	Officer	$13,295	$0	$13,295

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	$433,232	$684,724	$3,661,161	$-251,492
2023	$349,900	$579,655	$3,822,982	$-229,755
2022	$212,623	$567,205	$4,063,409	$-354,582
2021	$241,700	$504,765	$4,429,237	$-263,065
2020	$363,515	$551,447	$4,759,537	$-187,932
2019	$334,895	$712,621	$4,965,731	$-377,726