LIME KILN ARTS INC (EIN 521269538) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

SPENCER MCELROY

Phone

5407840432

Tax Period

2024-01-01 to 2024-12-31

LIME KILN ARTS INC is a small nonprofit in the Arts, Culture & Humanities sector that reported $401K in total revenue in fiscal year 2019. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

LIME KILN ARTS, INC., (HEREINAFTER LIME KILN THEATER OR LIME KILN) IS A NON-PROFIT ORGANIZATION THAT ENRICHES THE COMMUNITY'S CULTURE BY PRODUCING AND PRESENTING THE ARTS IN OUR UNIQUE HISTORIC SPACES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $191,425

Program Service Revenue $310,885

Investment Income $9,004

Other Revenue $117,351

TOTAL REVENUE $628,665

Expense Breakdown

Grants Paid $0

Salaries & Benefits $151,961

Fundraising Expenses $12,297

Program Expenses $513,957

Other Expenses $428,860

TOTAL EXPENSES $580,821

Year-over-Year Comparison

	2024	2023	Change
Revenue	$628,665	$562,656	+0.1%
Expenses	$580,821	$561,938	+0.0%
Net Income	$47,844	$718	+65.6%

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

295

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

$90,776

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES SMITH	PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMES OWEN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MANDY MILLER	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHELE HENTZ	TREASURER	2.00	Officer Director	$0	$0	$0
SARAH CENTORINO	MEMBER	1.00	Director	$0	$0	$0
TOM LOVELL	MEMBER	1.00	Director	$0	$0	$0
BLAKE SHESTER	MEMBER	1.00	Director	$0	$0	$0
MONICA DICKENS	MEMBER	1.00	Director	$0	$0	$0
GEORGE HUGER	MEMBER	1.00	Director	$0	$0	$0
CLAIBOURNE EDWARDS	MEMBER	1.00	Director	$0	$0	$0
CLARK SIMCOE	MEMBER	1.00	Director	$0	$0	$0
JENN COX	MEMBER	1.00	Director	$0	$0	$0
THOM GILL	MEMBER	1.00	Director	$0	$0	$0
SIDNEY STEARNS	MEMBER	1.00	Director	$0	$0	$0
SPENCER MCELROY	EXECUTIVE DI	20.00	Officer	$90,776	$0	$90,776

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	$628,665	$580,821	$643,615	$47,844
2023	$562,656	$561,938	$502,155	$718
2022	$464,972	$487,750	$506,639	$-22,778
2021	$595,832	$392,928	$533,206	$202,904
2019	$401,498	$399,216	$338,832	$2,282

LIME KILN ARTS INC