LEXINGTON CENTER CORPORATION (EIN 610734772) - 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

1972

Legal Domicile

Principal Officer

JEFFREY MULLANEY

Phone

8592334567

Tax Period

2023-07-01 to 2024-06-30

LEXINGTON CENTER CORPORATION, founded in 1972, is a mid-sized nonprofit in the Community Improvement sector that reported $56.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $119.4M represent 25 months of operating reserves.

Mission

ENHANCE COMMUNITIES THROUGH INNOVATIVE SHARED EXPERIENCES.

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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 $0

Program Service Revenue $55,166,229

Investment Income $1,589,159

Other Revenue $0

TOTAL REVENUE $56,755,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,551,431

Fundraising Expenses $0

Program Expenses $55,813,735

Other Expenses $47,141,802

TOTAL EXPENSES $56,693,233

Year-over-Year Comparison

	2023	2022	Change
Revenue	$56,755,388	$51,691,448	+0.1%
Expenses	$56,693,233	$52,486,405	+0.1%
Net Income	$62,155	$-794,957	-1.1%

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

382

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
KAREN HILL	BOARD CHAIR	1.00	Director	$0	$0	$0
PHIL MAXON	VICE CHAIR	1.00	Director	$0	$0	$0
EDWARD HOLMES	FINANCE COMMITTEE CHAIR	1.00	Director	$0	$0	$0
FRED BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
KIP CORNETT	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERITA MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDALL VAUGHN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANN BAKHAUS	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY WISER	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER MOSSOTTI	BOARD MEMBER	1.00	Director	$0	$0	$0
VICE MAYOR DAN WU	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD BOAZ	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN SIPE	GENERAL MANAGER	40.00	Officer	$0	$0	$0
LAURA ALEXANDER	ASSISTANT GENERAL MANAGER	40.00	Officer	$0	$0	$0
JEFFREY MULLANEY	DIRECTOR, FINANCE	40.00	Officer	$0	$0	$0
SHANNON ELLIOTT	DIRECTOR, TICKETING	40.00	Officer	$0	$0	$0
KAREN COLLIER	DIRECTOR, HUMAN RESOURCES	40.00	Officer	$0	$0	$0
JEFFREY CLARK	DIRECTOR, OPERATIONS	40.00	Officer	$0	$0	$0
JOSEPH FIELDS	DIRECTOR, CONVENTION SALES	40.00	Officer	$0	$0	$0
THERESA LLOYD	DIRECTOR, COMPLEX EVENTS	40.00	Officer	$0	$0	$0
TREVOR CHESLER	DIRECTOR, BOOKING	40.00	Officer	$0	$0	$0
LAUREN LAYMAN	DIRECTOR, MARKETING	40.00	Officer	$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
2025	No data	No data	No data	No data
2024	$56,755,388	$56,693,233	$357,451,239	$62,155
2023	$51,691,448	$52,486,405	$360,161,515	$-794,957
2022	$33,922,346	$37,710,228	$368,571,113	$-3,787,882
2021	$16,156,810	$21,027,068	$378,439,328	$-4,870,258
2020	$24,608,900	$43,288,850	$359,926,813	$-18,679,950
2019	$115,623,971	$30,798,138	$380,494,009	$84,825,833
2018	$25,949,766	$22,280,187	$85,735,630	$3,669,579

LEXINGTON CENTER CORPORATION