FRIENDS OF LOUISIANA STATE EXHIBIT MUSEUM INC (EIN 720960820) - 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

1982

Legal Domicile

Principal Officer

IAN SUMMERS

Phone

3186322020

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF LOUISIANA STATE EXHIBIT MUSEUM INC, founded in 1982, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $13K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $28K exceeded revenue, resulting in a 120% operating deficit.

Mission

THE ORGANIZATION HAS EDUCATIONAL PROGRAMS TO PROVIDE SCHOOL AGE CHILCREN WITH CULTURAL EXPERIENCE AND PROVIDE CULTURAL EXCHIBITIONS FOR ART AND HISTORIAL EVENTS FOR ALL AGES.

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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 $11,291

Program Service Revenue $1,247

Investment Income $0

Other Revenue $7

TOTAL REVENUE $12,545

Expense Breakdown

Grants Paid $425

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $27,635

Other Expenses $27,210

TOTAL EXPENSES $27,635

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,545	$32,564	-0.6%
Expenses	$27,635	$34,174	-0.2%
Net Income	$-15,090	$-1,610	+8.4%

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

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
LINDA LYNN	PRESIDENT	010.00	Officer Director	$0	$0	$0
ROY BURRELL	VICE PRESIDENT	001.25	Officer Director	$0	$0	$0
KAREN LOGAN	SECRETARY	005.00	Officer Director	$0	$0	$0
MARK ROWE	TREASURER	004.00	Officer 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	$12,545	$27,635	$761,707	$-15,090
2023	$32,564	$34,174	$746,053	$-1,610
2022	$20,927	$34,750	$752,345	$-13,823
2021	$17,538	$110,625	$766,169	$-93,087
2020	$101,858	$164,363	$859,257	$-62,505
2019	$136,371	$90,203	$921,762	$46,168
2018	$169,887	$91,853	$875,594	$78,034

FRIENDS OF LOUISIANA STATE EXHIBIT MUSEUM INC