LAWRENCE ARTS CENTER 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

1974

Legal Domicile

Principal Officer

BEN AHLVERS

Phone

7858432787

Tax Period

2024-08-01 to 2025-07-31

LAWRENCE ARTS CENTER INC, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $3.4M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE MISSION OF THE LAWRENCE ARTS CENTER IS TO CREATE MEANINGFUL ARTS EXPERIENCES WITH AND FOR THE COMMUNITY THROUGH EDUCATION, EXHIBITIONS, AND PERFORMANCES.

Program Service Accomplishments

Program 1

Expenses: $2,263,336 Revenue: $1,805,023

ENHANCE EDUCATIONAL PROGRAMS AND PROJECTS TO CHILDREN AND ADULTS TO ENHANCE THEIR UNDERSTANDING AND APPRECIATION OF THE ARTS AND SUPPORT LOCAL ARTISTS.

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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 $888,224

Program Service Revenue $1,805,023

Investment Income $110,030

Other Revenue $-4,483

TOTAL REVENUE $2,798,794

Expense Breakdown

Grants Paid $60,580

Salaries & Benefits $1,764,361

Fundraising Expenses $306,880

Program Expenses $2,263,336

Other Expenses $1,525,904

TOTAL EXPENSES $3,353,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,798,794	$3,461,426	-0.2%
Expenses	$3,353,201	$4,345,258	-0.2%
Net Income	$-554,407	$-883,832	-0.4%

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

Employees

Volunteers

220

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

$30,350

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEREDITH LANG	CHAIR	2.00	Officer Director	$0	$0	$0
AMY LEE	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
STEPHEN GISH	TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN WICKLIFFE	SECRETARY	1.00	Officer Director	$0	$0	$0
WHITNEY LANG	PAST CHAIR	1.00	Director	$0	$0	$0
MARK BUHLER	DIRECTOR	1.00	Director	$0	$0	$0
SARAH KURIEN	DIRECTOR	1.00	Director	$0	$0	$0
FRANK LEMUS	DIRECTOR	1.00	Director	$0	$0	$0
LORI NORWOOD	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY PHILLIP	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE SABATINI	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS HUANG	INTERIM EXECUTIVE DIRECTOR	40.00	Officer	$30,350	$0	$30,350
RYANN GALLOWAY TACHA	DIRECTOR OF DEVELOPMENT	40.00	Highest	$102,306	$16,119	$118,425

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	$2,798,794	$3,353,201	$4,318,185	$-554,407
2024	$3,461,426	$4,345,258	$5,049,257	$-883,832
2023	$2,940,903	$3,857,598	$5,859,481	$-916,695
2022	$3,972,860	$3,517,834	$4,361,774	$455,026
2021	$3,080,758	$2,772,091	$4,356,263	$308,667
2020	$4,263,777	$3,082,578	$3,980,578	$1,181,199
2019	$3,008,411	$3,264,134	$3,810,732	$-255,723