LYNNVILLE AREA ARTS ASSOCIATION INC

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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

2003

Legal Domicile

Principal Officer

STANLEY PIERCHOSKI

Phone

9313637222

Tax Period

2022-07-01 to 2023-06-30

LYNNVILLE AREA ARTS ASSOCIATION INC, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $101K in total revenue in fiscal year 2022. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $116K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PRESERVE THE INTEGRITY OF THE PULASKI OPERA HOUSE BUILT IN 1868 AND TO PROMOTE THE PERFORMING ARTS IN THE PULASKI AREA

Program Service Accomplishments

Program 1

Expenses: $13,720

TO PRESERVE THE INTEGRITY OF THE PULASKI OPERA HOUSE BUILT IN 1868

Program 2

Expenses: $23,424

TO PROMOTE THE PERFORMING ARTS IN THE PULASKI AREA

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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 (2022)

Revenue Breakdown

Contributions & Grants $17,724

Program Service Revenue $80,712

Investment Income $0

Other Revenue $2,400

TOTAL REVENUE $100,836

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,385

Fundraising Expenses $0

Program Expenses $37,144

Other Expenses $79,406

TOTAL EXPENSES $115,791

Year-over-Year Comparison

	2022	2021	Change
Revenue	$100,836	$72,727	+0.4%
Expenses	$115,791	$95,623	+0.2%
Net Income	$-14,955	$-22,896	-0.3%

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

N/A

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
TAMMY PIERCHOSKI	EXECUTIVE DIRECTOR	20	Director	$0	$0	$0
MARY ANN TRIMBLE	PAST CHAIRMAN	0	Director	$0	$0	$0
NORMAN D WONG	CHAIRMAN	0	Director	$0	$0	$0
STANLEY PIERCHOSKI	TREASURER	0	Director	$0	$0	$0
DEREK ROWE	VICE CHAIRMAN	0	Director	$0	$0	$0
STEPHNIE WONG	SECRETARY	0	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
2024	No data	No data	No data	No data
2023	$100,836	$115,791	$643,103	$-14,955
2023	$198,597	$78,215	$763,485	$120,382
2022	$72,727	$95,623	$658,058	$-22,896
2021	$66,314	$84,007	$680,954	$-17,693