LEXINGTON PHILHARMONIC SOCIETY INC

EIN: 616033529 501(c)(3) Arts, Culture & Humanities

LEXINGTON, KY

Total Revenue
$1,254,615
Total Expenses
$1,342,347
Total Assets
$66,391
Net Assets
$-251,634
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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
1961
Legal Domicile
KY
Principal Officer
CAROL MCLEOD
Phone
8592334226
Tax Period
2024-07-01 to 2025-06-30

LEXINGTON PHILHARMONIC SOCIETY INC, founded in 1961, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

ORCHESTRA PERFORMANCES

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $731,809
Program Service Revenue $525,661
Investment Income $482
Other Revenue $-3,337
TOTAL REVENUE $1,254,615

Expense Breakdown

Grants Paid $0
Salaries & Benefits $915,092
Fundraising Expenses $93,859
Program Expenses $1,049,944
Other Expenses $427,255
TOTAL EXPENSES $1,342,347

Year-over-Year Comparison

2024 2023 Change
Revenue $1,254,615 $1,058,181 +0.2%
Expenses $1,342,347 $1,169,869 +0.1%
Net Income $-87,732 $-111,688 -0.2%
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

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Governance

Voting Members
19
Independent Members
19
Employees
168
Volunteers
100

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
7
$62,198
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL MCLEOD DVM PRESIDENT 4.00
Officer Director
$0 $0 $0
COLMON ELRIDGE III IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
PAUL BACHNER BOARD MEMBER 1.00
Director
$0 $0 $0
REBECCA BARTEE BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH DEENER BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM LOGGINS BOARD MEMBER 1.00
Director
$0 $0 $0
JACKIE HAMILTON SAYKALY BOARD MEMBER 1.00
Director
$0 $0 $0
JOANNE HILLIARD PRESIDENT ELECT 1.00
Officer Director
$0 $0 $0
CAROLYN HOWARD BOARD MEMBER 1.00
Director
$0 $0 $0
LOU H JONES SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN KIEBLER BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHEN MALLORY TREASURER 2.00
Officer Director
$0 $0 $0
DONALD MASON BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN WHARTON FOUNDATION CHAIR 2.00
Officer Director
$0 $0 $0
JOSHUA SANTANA BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW SPARKS BOARD MEMBER 1.00
Director
$0 $0 $0
BRETT SCOTT BOARD MEMBER 1.00
Director
$0 $0 $0
JEAN SCOTT BOARD MEMBER 1.00
Director
$0 $0 $0
ADRIENNE THAKUR BOARD MEMBER 1.00
Director
$0 $0 $0
BROOKE RABY EXECUTIVE DIRECTOR 40.00
Officer
$62,198 $0 $62,198
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 $1,254,615 $1,342,347 $66,391 $-87,732
2024 $1,058,181 $1,169,869 $52,477 $-111,688
2023 $928,496 $1,007,686 $108,732 $-79,190
2022 $832,713 $857,897 $133,216 $-25,184
2021 $734,388 $427,155 $313,233 $307,233
2020 $1,017,058 $962,258 $108,743 $54,800
2019 $1,132,853 $1,351,597 $134,793 $-218,744
2018 $1,319,481 $1,392,477 $87,601 $-72,996
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