LEA COUNTY MUSEUM INC

🔒

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

Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

JUDY LAMBERT

Phone

5753964805

Tax Period

2024-01-01 to 2024-12-31

LEA COUNTY MUSEUM INC, founded in 1969, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $62K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $72K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO COLLECT, PRESERVE, EDUCATE, & DISPLAY REGIONAL ART, ARTIFACTS, AND BUILDINGS. SIGNIFICANT ACTIVITIES ART DISPLAYS, CONCERT SERIES, AND BOOK PUBLISHING.

Program Service Accomplishments

Program 1

Expenses: $44,172

THE MUSEUM CONTINUOUSLY DISPLAYS ART AND ARTIFACTS WHICH DEPICT LEA COUNTY'S HERITAGE AND PROVIDE FREE ADMISSION. THE MUSEUM OFFERS TOURS TO LOCAL SCHOOLS TO VIEW THE ART AND EXHIBITS.

Program 2

THE MUSEUM WILL HAVE GALLERY SHOWINGS THROUGHOUT THE YEAR DISPLAYING SMALL LOCAL ARTISTS' ART FOR VIEW AND SALE.

Program 3

OTHER PROGRAMS HELD THROUGHOUT THE YEAR INCLUDE OPEN TO THE PUBLIC READINGS BY SEASONED WRITERS AND COUNTRY/FOLK ARTISTS WILL PERFORM AT THE MUSEUM.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $58,220

Program Service Revenue $0

Investment Income $2,370

Other Revenue $1,134

TOTAL REVENUE $61,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,176

Fundraising Expenses $0

Program Expenses $44,172

Other Expenses $28,347

TOTAL EXPENSES $71,523

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,724	$53,083	+0.2%
Expenses	$71,523	$72,545	0.0%
Net Income	$-9,799	$-19,462	-0.5%

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

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

Total Directors

$40,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE BEHL	DIRECTOR	2.00	Director	$0	$0	$0
CHAD WATKINS	PRESIDENT	2.00	Officer Director	$0	$0	$0
LESLIE BOLDT	SECRETARY	2.00	Officer Director	$0	$0	$0
ELAINE VIGIL	DIRECTOR	2.00	Director	$0	$0	$0
FRIEDA OWENS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID E FINGER	DIRECTOR	2.00	Director	$0	$0	$0
BENNIE BENGE	DIRECTOR	2.00	Director	$0	$0	$0
EYDIE CLEMENT	DIRECTOR	2.00	Director	$0	$0	$0
ROSA DOPORTO	DIRECTOR	40.00	Director	$40,000	$0	$40,000
JUDY LAMBERT	TREASURER	2.00	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
2024	$61,724	$71,523	$675,539	$-9,799
2023	$53,083	$72,545	$686,237	$-19,462
2022	$118,977	$69,516	$708,114	$49,461
2021	$154,493	$141,383	$661,190	$13,110
2020	$100,126	$87,689	$642,229	$12,437
2019	$120,627	$127,032	$739,213	$-6,405
2018	$109,166	$110,923	$745,630	$-1,757