LEXARTS INC (EIN 611163184) - 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

1985

Legal Domicile

Principal Officer

AMELIA SWEETALL

Phone

8592552951

Tax Period

2024-07-01 to 2025-06-30

LEXARTS INC, founded in 1985, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $2.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE ARTS AND CULTURAL SERVICES TO THE COMMUNITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,167,804

Program Service Revenue $338,489

Investment Income $101,300

Other Revenue $159,708

TOTAL REVENUE $1,767,301

Expense Breakdown

Grants Paid $662,620

Salaries & Benefits $503,275

Fundraising Expenses $28,897

Program Expenses $849,289

Other Expenses $819,524

TOTAL EXPENSES $1,985,419

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,767,301	$1,920,036	-0.1%
Expenses	$1,985,419	$2,271,860	-0.1%
Net Income	$-218,118	$-351,824	-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

200

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

$89,571

Total Directors

$89,571

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMELIA SWEETALL	PRESIDENT, CEO & DIRECTOR	40.00	Officer Director	$89,571	$0	$89,571
CAMDEN SKIDMORE	CHAIR & DIRECTOR	1.00	Officer Director	$0	$0	$0
STEFAN HENDRICKSON	TREASURER, CHAIR & DIRECTO	1.00	Officer Director	$0	$0	$0
REBECCA SHERMAN	SECRETARY, CHAIR & DIRECTO	1.00	Officer Director	$0	$0	$0
ALEX GARCIA	CHAIR ELECT & DIRECTOR	1.00	Officer Director	$0	$0	$0
KEN GISH	CHAIR & DIRECTOR	1.00	Officer Director	$0	$0	$0
ANGELA COLEMAN	CHAIR & DIRECTOR	1.00	Officer Director	$0	$0	$0
ANNE MURRY	CHAIR & DIRECTOR	1.00	Officer Director	$0	$0	$0
WHIT WHITAKER	CHAIR & DIRECTOR	1.00	Officer Director	$0	$0	$0
ALEX CHADWELL	CHAIR & DIRECTOR	1.00	Officer Director	$0	$0	$0
LASHAWN BARBER	DIRECTOR	1.00	Director	$0	$0	$0
BISHOP CARTER	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE DEANS	DIRECTOR	1.00	Director	$0	$0	$0
COLIN DOHERTY	DIRECTOR	1.00	Director	$0	$0	$0
ANNE HARDY	DIRECTOR	1.00	Director	$0	$0	$0
BEN HAYDON	DIRECTOR	1.00	Director	$0	$0	$0
BRAD KEETON	DIRECTOR	1.00	Director	$0	$0	$0
RON MACK	DIRECTOR	1.00	Director	$0	$0	$0
NICK PHELPS	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS PRICHARD	DIRECTOR	1.00	Director	$0	$0	$0
MARY QUINN RAMER	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
CHAD RUDZIK	DIRECTOR	1.00	Director	$0	$0	$0
ROY LEE WIGGINTON	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
2025	$1,767,301	$1,985,419	$3,075,849	$-218,118
2024	$1,949,436	$2,246,411	$3,425,800	$-296,975
2024	$1,920,036	$2,271,860	$3,350,940	$-351,824
2023	$2,040,589	$2,133,074	$3,710,007	$-92,485
2023	$2,675,291	$2,529,846	$3,978,534	$145,445
2022	$2,039,631	$2,009,251	$3,662,877	$30,380
2022	$2,039,489	$1,784,482	$3,869,439	$255,007
2021	$1,548,239	$1,316,832	$1,658,534	$231,407
2020	$1,460,251	$1,558,235	$1,309,442	$-97,984
2019	$1,544,573	$1,566,776	$1,548,950	$-22,203
2018	$1,426,382	$1,548,455	$1,340,096	$-122,073

LEXARTS INC