LUBBOCK ENTERTAINMENT AND PERFORMI… - Form 990 Financial Data

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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

2013

Legal Domicile

Principal Officer

JEFF HUNSINGER

Phone

8067473200

Tax Period

2023-10-01 to 2024-09-30

LUBBOCK ENTERTAINMENT AND PERFORMING ARTS ASSOCIATION, founded in 2013, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $12.4M in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. Net assets of $99.5M represent 97 months of operating reserves.

Mission

LUBBOCK ENTERTAINMENT AND PERFORMING ARTS ASSOCIATION (LEPAA), A TEXAS NON-PROFIT CORPORATION, ENVISIONS A COMMUNITY WHERE EVERY PERSON EXPERIENCES THE TRANSFORMATIVE POWER OF THE ARTS. LEPAA BUILDS COMMUNITY THROUGH EXTRAORDINARY EXPERIENCES, CREATIVE COLLABORATION, AND INCLUSIVE ACCESS TO THE ARTS, ENTERTAINMENT, AND EDUCATION. LEPAA'S VALUES DICTATE THAT WE TREAT OTHERS AS WE WOULD LIKE TO BE TREATED, FOSTER THE ECONOMIC VITALITY OF OUR REGION, OPERATE SUSTAINABLY AND EFFICIENTLY IN ALL ENDEAVORS, AND BUILD STAKEHOLDER ENGAGEMENT THROUGHOUT OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $11,747,763 Revenue: $4,609,394

THE BUDDY HOLLY HALL BROUGHT MORE THAN 250,000 VISITORS TO DOWNTOWN LUBBOCK: 115 COMMERCIAL PRODUCTIONS IN HELEN DEVITT JONES THEATER; 181 EVENTS IN CRICKETS THEATER.

Program 2

Expenses: $28,064 Revenue: $24,533

LEPAA HELD ITS FOURTH ANNUAL BUDDY HOLLY SONGWRITERS RETREAT AND CONCERT IN 2024. THIRTY ASPIRING SONGWRITERS FROM ACROSS TEXAS, US, UK, AND NEW ZEALAND PARTICIPATED IN THE RETREAT. THE SONGWRITERS MET IN SMALL GROUPS TO COLLABORATE WITH PROFESSIONAL MENTORS THROUGH THE CREATIVE PROCESS OF SONGWRITING. A SHOWCASE CONCERT WAS HELD TO DEBUT THE BEST SONGS WRITTEN DURING THE RETREAT AND PROVIDED PERFORMERS ON-STAGE EXPERIENCES.

Program 3

THE KODALY INSTITUTE SYMPOSIUM WORKSHOP PROVIDES PROFESSIONAL DEVELOPMENT AND INTERNATIONALLY-ACCLAIMED MUSIC EDUCATION INSTRUCTION TO THE 70 AREA PROFESSIONALS.

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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 $7,294,157

Program Service Revenue $4,235,037

Investment Income $439,428

Other Revenue $401,055

TOTAL REVENUE $12,369,677

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,047,858

Fundraising Expenses $362,908

Program Expenses $11,775,827

Other Expenses $10,273,513

TOTAL EXPENSES $12,321,371

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,369,677	$7,664,636	+0.6%
Expenses	$12,321,371	$11,510,100	+0.1%
Net Income	$48,306	$-3,845,464	-1.0%

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

$215,456

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF HUNSINGER	CEO	40.00	Officer	$205,000	$10,456	$215,456
MARK BASS	CHAIRMAN	4.00	Officer Director	$0	$0	$0
BETH BRIDGES	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MATT BUMSTEAD	TREASURER	0.75	Officer Director	$0	$0	$0
MARIANNA MARKHAM	SECRETARY	1.50	Officer Director	$0	$0	$0
SUZANN KIRBY	DIRECTOR	2.00	Director	$0	$0	$0
PATTY D'ALISE	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW BABCOCK	DIRECTOR	1.00	Director	$0	$0	$0
SOMER JAYNES	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MCCONIC	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL POPE	DIRECTOR	5.00	Director	$0	$0	$0
MARTIN CAMACHO	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY CASH	DIRECTOR	0.25	Director	$0	$0	$0
LINDLEY HERRING 1223 - 924	DIRECTOR	1.00	Director	$0	$0	$0
AMBER DEAN	DIRECTOR	1.00	Director	$0	$0	$0
KENDRA LANSDELL	DIRECTOR	1.00	Director	$0	$0	$0
DAVE MARCINKOWSKI	DIRECTOR	2.00	Director	$0	$0	$0
MISTY RIEBER	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN WILKERSON	DIRECTOR	2.00	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	$12,369,677	$12,321,371	$168,715,912	$48,306
2023	$7,664,636	$11,510,100	$171,205,435	$-3,845,464
2022	$38,881,318	$11,733,708	$183,043,713	$27,147,610
2021	$3,966,271	$4,800,499	$190,146,565	$-834,228
2021	$3,988,171	$8,457,815	$185,555,243	$-4,469,644
2020	$4,640,352	$815,385	$178,446,394	$3,824,967
2019	$4,822,924	$483,147	$136,456,017	$4,339,777
2018	$5,589,356	$368,584	$89,582,616	$5,220,772

LUBBOCK ENTERTAINMENT AND PERFORMING ARTS ASSOCIATION