FRIENDS OF THE LERNER INC (EIN 465409942) - 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

2014

Legal Domicile

Principal Officer

ASHLEY MARTIN

Phone

5742934469

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE LERNER INC, founded in 2014, is a small nonprofit in the Public & Societal Benefit sector that reported $459K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $210K, a strong 46% operating margin.

Mission

TO PROMOTE, SUPPORT, AND PROVIDE FINANCIAL AND OPERATIONAL ASSISTANCE TO IMPROVE AND ENHANCE THE OPERATIONS OF THE LERNER THEATRE, A MUNICIPALLY OWNED PERFORMING ARTS THEATRE AND EVENT SPACE LOCATED IN ELKHART, INDIANA, AND ASSIST IN THE PRESERVATION OF THE HISTORICAL FACILITY.

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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 $266,624

Program Service Revenue $187,184

Investment Income $223

Other Revenue $5,448

TOTAL REVENUE $459,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $226,700

Other Expenses $249,674

TOTAL EXPENSES $249,674

Year-over-Year Comparison

	2024	2023	Change
Revenue	$459,479	$341,111	+0.3%
Expenses	$249,674	$439,451	-0.4%
Net Income	$209,805	$-98,340	-3.1%

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

N/A

Volunteers

N/A

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
GARY BOYN	DIRECTOR	2.00	Director	$0	$0	$0
DALLAS BERGL	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH BOND	SECRETARY	2.00	Officer Director	$0	$0	$0
BOB DEPUTY	TREASURER	2.00	Officer Director	$0	$0	$0
ISAAC TORRES	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ASHLEY MARTIN	PRESIDENT	2.00	Officer 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	$459,479	$249,674	$894,734	$209,805
2023	$341,111	$439,451	$603,615	$-98,340
2022	$467,606	$527,584	$603,227	$-59,978
2021	$311,552	$268,092	$663,205	$43,460
2020	$110,430	$100,118	$619,745	$10,312
2018	$238,321	$170,313	$117,278	$68,008

FRIENDS OF THE LERNER INC