LAWRENCE ARTS CENTER INC (EIN 480825692) - 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

1974

Legal Domicile

Principal Officer

FRANK LEMUS

Phone

7858432787

Tax Period

2023-08-01 to 2024-07-31

LAWRENCE ARTS CENTER INC, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.5M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $4.3M exceeded revenue, resulting in a 26% operating deficit.

Mission

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

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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 $1,613,625

Program Service Revenue $1,717,435

Investment Income $110,992

Other Revenue $19,374

TOTAL REVENUE $3,461,426

Expense Breakdown

Grants Paid $83,094

Salaries & Benefits $2,091,266

Fundraising Expenses $218,116

Program Expenses $3,064,565

Other Expenses $2,170,898

TOTAL EXPENSES $4,345,258

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,461,426	$2,940,903	+0.2%
Expenses	$4,345,258	$3,857,598	+0.1%
Net Income	$-883,832	$-916,695	0.0%

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

$107,453

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEREDITH LANG	CHAIR (AS OF 9/23)	2.00	Officer Director	$0	$0	$0
RYANN GALLOWAY TACHA	CHAIR (THRU 9/23)	2.00	Officer Director	$0	$0	$0
ASHLEY ALL	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
THOMAS HUANG	DIRECTOR	1.00	Director	$0	$0	$0
ISABEL JOHNSON	DIRECTOR	1.00	Officer Director	$0	$0	$0
SARAH KURIEN	DIRECTOR	1.00	Director	$0	$0	$0
AMY LEE	DIRECTOR	1.00	Director	$0	$0	$0
FRANK LEMUS	DIRECTOR	1.00	Officer Director	$0	$0	$0
LORI NORWOOD	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY PHILLIP	DIRECTOR	1.00	Director	$0	$0	$0
MARGIE WAKEFIELD	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET WEISBROD MORRIS	CEO	40.00	Officer	$82,631	$24,822	$107,453

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	$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

LAWRENCE ARTS CENTER INC