LEXINGTON CHILDREN'S MUSEUM

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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

1990

Legal Domicile

Principal Officer

COLBY ERNEST

Phone

8592583253

Tax Period

2024-07-01 to 2025-06-30

LEXINGTON CHILDREN'S MUSEUM, founded in 1990, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.0M left a modest 9% surplus.

Mission

TO CREATE A FUN AND DYNAMIC HANDS-ON LEARNING ENVIRONMENT THAT INSPIRES IMAGINATION AND CURIOSITY.

Program Service Accomplishments

Program 1

Expenses: $840,475 Revenue: $471,499

SINCE 1990, THE LEXINGTON CHILDREN'S MUSEUM, HAS ENCOURAGED LIFELONG LEARNING BY CREATING A DYNAMIC, HANDS-ON ENVIRONMENT THAT INSPIRES IMAGINATION AND CURIOSITY. ANNUALLY, THE MUSEUM AVERAGES OVER 50,000 VISITORS AND IMPACTS AN ADDITIONAL 10,000 THROUGH OUTREACH ACTIVITIES. WE WELCOME CHILDREN, THEIR FAMILIES, EDUCATORS, AND OTHER COMMUNITY MEMBERS FROM FAR AND WIDE, OFFERING AN INVITING SPACE WHERE THEY CAN HAVE FUN AND GROW TOGETHER. AS THE MUSEUM GROWS, WE HOPE TO CONTINUE EXPANDING OUR REACH TO PROVIDE EQUITABLE ACCESS TO OUR PLAY AND LEARNING RESOURCES AND PROGRAMS.THE MUSEUM OFFERS A HOST OF PROGRAMS TO TEACH AND INSPIRE CHILDREN IN ENGAGING WAYS. SUMMER AND SCHOOL-YEAR CAMPS PROVIDE STEM AND ARTS-INTEGRATED LEARNING. OUR COMMUNITY OUTREACH PROVIDES FREE ACTIVITIES AT LOCAL FAIRS AND FESTIVALS, AS WELL AS HANDS-ON PROGRAMMING FOR ELEMENTARY SCHOOLS. WE ALSO HAVE A MOBILE PLAY & LEARNING LAB AND STEAMER TRUNKS FOR EDUCATORS ACROSS THE COMMONWEALTH.

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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 $636,656

Program Service Revenue $507,807

Investment Income $19,103

Other Revenue $-21,137

TOTAL REVENUE $1,142,429

Expense Breakdown

Grants Paid $0

Salaries & Benefits $426,574

Fundraising Expenses $63,818

Program Expenses $840,475

Other Expenses $618,539

TOTAL EXPENSES $1,045,113

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,142,429	$984,656	+0.2%
Expenses	$1,045,113	$979,935	+0.1%
Net Income	$97,316	$4,721	+19.6%

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

$107,220

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OLIVIA DAVIS	PRESIDENT	2.00	Officer Director	$0	$0	$0
DOUGLAS REED	TREASURER	2.00	Officer Director	$0	$0	$0
CARRIE ROGERS	SECRETARY	2.00	Officer Director	$0	$0	$0
MIKE HILTON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
WHITNEY BAXTER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HENRY	DIRECTOR	1.00	Director	$0	$0	$0
RANDY CARTER	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON DONOVAN	DIRECTOR	1.00	Director	$0	$0	$0
HUNTER PORTER	DIRECTOR	1.00	Director	$0	$0	$0
SHELBY FINK	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE SPIRES	DIRECTOR	1.00	Director	$0	$0	$0
KIM SKIDMORE	DIRECTOR	1.00	Director	$0	$0	$0
MARY BETH GRIFFITH	DIRECTOR	1.00	Director	$0	$0	$0
LISA HIGGINS-HORD	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
COLBY ERNEST	EXECUTIVE DIRECTOR	40.00	Officer	$107,220	$0	$107,220

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	$1,142,429	$1,045,113	$1,114,403	$97,316
2024	$984,656	$979,935	$1,083,548	$4,721
2023	$910,963	$789,271	$610,943	$121,692
2022	$509,046	$583,150	$318,716	$-74,104
2021	$280,061	$368,513	$418,639	$-88,452
2020	$501,009	$506,657	$360,547	$-5,648
2019	$621,058	$642,345	$352,342	$-21,287
2018	$654,508	$656,420	$354,080	$-1,912