LEXARTS INC

EIN: 611163184 501(c)(3) Arts, Culture & Humanities

LEXINGTON, KY

Total Revenue
$1,767,301
Total Expenses
$1,985,419
Total Assets
$3,075,849
Net Assets
$966,501
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
KY
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

LEXARTS PROMOTES QUALITY ARTS EXPERIENCES FOR THE BENEFIT OF THE PEOPLE IN CENTRAL KENTUCKY THROUGH FUNDING, ADVOCACY, TECHNICAL ASSISTANCE, COMMUNICATION AND PLANNING INITIATIVES.

Program Service Accomplishments

Program 1
Expenses: $662,620

LEXARTS REGRANTS FUNDS RAISED THROUGH ITS ANNUAL FUND FOR THE ARTS TO FIVE PARTNER ORGANIZATIONS THAT RECEIVE GENERAL OPERATING SUPPORT (GOS) AND 20+ ARTS ORGANIZATIONS IN THE FORM OF PROGRAM AND...

Read more

LEXARTS REGRANTS FUNDS RAISED THROUGH ITS ANNUAL FUND FOR THE ARTS TO FIVE PARTNER ORGANIZATIONS THAT RECEIVE GENERAL OPERATING SUPPORT (GOS) AND 20+ ARTS ORGANIZATIONS IN THE FORM OF PROGRAM AND PROJECT GRANTS. THE APPLICATION PROCESSES FOR THESE GRANTS ARE RIGOROUS, REQUIRING EVIDENCE OF FINANCIAL STABILITY AND ARTISTIC QUALITY. SERVICE TO YOUTH, DIVERSE AND UNDERSERVED AUDIENCES IS EMPHASIZED AS ARE AUDIENCE SIZE, COMMUNITY PARTICIPATION, COLLABORATION, AND EVALUATION. WRITTEN APPLICATIONS AND FINANCIAL INFORMATION ARE VETTED BY LEXARTS STAFF, EVALUATED ON PAPER AND IN AN OPEN PUBLIC PROCESS BY A PANEL OF PEER REVIEWERS, FURTHER REVIEWED BY THE GRANTS COMMITTEE OF THE LEXARTS BOARD OF DIRECTORS AND FINALLY APPROVED BY THE LEXARTS BOARD AS A WHOLE.

Program 2
Expenses: $186,669 Revenue: $576,706

LEXARTS PROVIDES A WIDE RANGE OF PROGRAMS AND SERVICES DESIGNED TO INTEGRATE THE ARTS INTO THE DAILY LIVES OF ALL CITIZENS, INCLUDING THE FREE LEXARTS GALLERY HOP, LEXINGTON YOUTH ARTS COUNCIL, AND...

Read more

LEXARTS PROVIDES A WIDE RANGE OF PROGRAMS AND SERVICES DESIGNED TO INTEGRATE THE ARTS INTO THE DAILY LIVES OF ALL CITIZENS, INCLUDING THE FREE LEXARTS GALLERY HOP, LEXINGTON YOUTH ARTS COUNCIL, AND ARTSCOPE WEEKLY EMAIL ARTS CALENDAR. LEXARTS STAFF AND BOARD WORK CLOSELY WITH COMMUNITY LEADERS ON PUBLIC ART PROJECTS IN OBTAINING FUNDING, DEVELOPING PLANS, SOLICITING PROPOSALS, FACILITATING ARTIST AND SITE SELECTION PROCESSES, AND GATHERING PUBLIC INPUT. LEXARTS ALSO OPERATES ARTSPLACE, A FACILITY IN DOWNTOWN LEXINGTON WITH A HIGH QUALITY VISUAL ARTS GALLERY AS WELL AS PERFORMANCE, REHEARSAL AND OFFICE SPACE FOR NONPROFIT ARTS ORGANIZATIONS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
24
Independent Members
23
Employees
18
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
10
$89,571
Total Directors
24
$89,571
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in Kentucky →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare LEXARTS INC with other nonprofits in Kentucky and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.