HISTORIC LEXINGTON FOUNDATION (EIN 546069177) - 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

1966

Legal Domicile

Principal Officer

LARRY WIESE

Phone

5404636832

Tax Period

2024-01-01 to 2024-12-31

HISTORIC LEXINGTON FOUNDATION, founded in 1966, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $52K in total revenue in fiscal year 2019. Expenses of $66K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROMOTE THE PRESERVATION OF THE ARCHITECTURAL & HISTORIC RESOURCES OF ROCKBRIDGE COUNTY, VA.

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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 $54,318

Program Service Revenue $4,752

Investment Income $60,354

Other Revenue $0

TOTAL REVENUE $119,424

Expense Breakdown

Grants Paid $50,699

Salaries & Benefits $22,238

Fundraising Expenses $8,811

Program Expenses $82,536

Other Expenses $51,170

TOTAL EXPENSES $124,107

Year-over-Year Comparison

	2024	2023	Change
Revenue	$119,424	$72,038	+0.7%
Expenses	$124,107	$99,849	+0.2%
Net Income	$-4,683	$-27,811	-0.8%

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

$22,238

Total Directors

$22,238

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY WIESE	PRESIDENT	0.00	Officer Director	$0	$0	$0
JIM BUSCH	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
CHARLES RAPPOLD	TREASURER	0.00	Officer Director	$0	$0	$0
LINDA PRESLEY-BEAUFORD	SECRETARY	0.00	Officer Director	$0	$0	$0
DEE JOYCE-HAYES	PAST PRESIDENT	0.00	Director	$0	$0	$0
TOM CAMDEN	DIRECTOR	0.00	Director	$0	$0	$0
TOM CONTOS	DIRECTOR	0.00	Director	$0	$0	$0
BYRON FAIDLEY	DIRECTOR	0.00	Director	$0	$0	$0
LESLIE GILES	DIRECTOR	0.00	Director	$0	$0	$0
CATHERINE HARCUS	DIRECTOR	0.00	Director	$0	$0	$0
JOAN HARDEN	DIRECTOR	0.00	Director	$0	$0	$0
SUSAN MINOR	DIRECTOR	0.00	Director	$0	$0	$0
BRUCE MACDONALD	EMERITUS BOARD MEMBER	0.00	Director	$0	$0	$0
MICHAEL PERRY	DIRECTOR	0.00	Director	$0	$0	$0
NAN WOLF	DIRECTOR	0.00	Director	$0	$0	$0
NANCY SULLIVAN	DIRECTOR	0.00	Director	$0	$0	$0
MARGARET SAMDAHL	EXECUTIVE DIRECTOR	20.00	Officer Director	$22,238	$0	$22,238

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	$119,424	$124,107	$1,310,995	$-4,683
2023	$72,038	$99,849	$1,213,828	$-27,811
2022	$-98,267	$106,161	$1,104,451	$-204,428
2021	$186,090	$132,242	$1,455,188	$53,848
2020	$938,397	$98,420	$1,410,244	$839,977
2019	$52,059	$66,231	$521,873	$-14,172

HISTORIC LEXINGTON FOUNDATION