LEMOYNE ART FOUNDATION INC (EIN 596166275) - 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

1963

Legal Domicile

Principal Officer

STEPHANIE WHITFIELD

Phone

8502228800

Tax Period

2023-01-01 to 2023-12-31

LEMOYNE ART FOUNDATION INC, founded in 1963, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. The organization ran a surplus of $287K, a strong 21% operating margin.

Mission

TO PROMOTE AND ADVANCE PARTICIPATION, EDUCATION, AND INTEREST IN CONTEMPORARY VISUAL ARTS THROUGH GALLERY EXHIBITIONS, EDUCATION, AND COMMUNITY EVENTS.

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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 $822,372

Program Service Revenue $481,457

Investment Income $10,702

Other Revenue $49,675

TOTAL REVENUE $1,364,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $420,529

Fundraising Expenses $0

Program Expenses $757,177

Other Expenses $657,124

TOTAL EXPENSES $1,077,653

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,364,206	$1,323,232	+0.0%
Expenses	$1,077,653	$870,089	+0.2%
Net Income	$286,553	$453,143	-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

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
STEPHANIE WHITFIELD	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAN TAYLOR	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
GRACE ATKINS	DIRECTOR	2.00	Officer Director	$0	$0	$0
DAVID STRANGE	TREASURER	2.00	Officer Director	$0	$0	$0
PAUL CRAFT	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
KELLY DOZIER	DIRECTOR	2.00	Director	$0	$0	$0
QUIA ATKINSON	ARTIST REPRE	2.00	Director	$0	$0	$0
LESLIE ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL BORNTREGER	DIRECTOR	1.00	Director	$0	$0	$0
DON BOURASSA	DIRECTOR	1.00	Director	$0	$0	$0
PAULA S FORTUNAS	DIRECTOR	1.00	Director	$0	$0	$0
BILL HERRLE	DIRECTOR	1.00	Director	$0	$0	$0
DR MARY STERNER LAWSON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MCALPINE	DIRECTOR	1.00	Director	$0	$0	$0
FELICIA MCCOY	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MCLUCKIE	DIRECTOR	1.00	Director	$0	$0	$0
BARTOW RAINEY	DIRECTOR	1.00	Director	$0	$0	$0
MARY JO SPECTOR	DIRECTOR	1.00	Director	$0	$0	$0
FIELD WILDE	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$1,364,206	$1,077,653	$3,806,515	$286,553
2022	$1,323,232	$870,089	$3,519,427	$453,143
2021	$2,535,049	$702,177	$3,131,181	$1,832,872
2020	$525,401	$534,458	$1,169,247	$-9,057
2019	$634,631	$636,919	$1,220,039	$-2,288
2018	$671,477	$698,566	$1,157,292	$-27,089

LEMOYNE ART FOUNDATION INC