Lovejoy Fine Arts Inc (EIN 743235741) - 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

2008

Legal Domicile

Principal Officer

Tamara Jones

Phone

4697428700

Tax Period

2022-07-01 to 2023-06-30

Lovejoy Fine Arts Inc, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $452K in total revenue in fiscal year 2022. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $393K left a modest 13% surplus.

Mission

To Support Fine Arts Activities at Lovejoy High School

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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 $144,842

Program Service Revenue $109,838

Investment Income $0

Other Revenue $197,309

TOTAL REVENUE $451,989

Expense Breakdown

Grants Paid $31,153

Salaries & Benefits $0

Fundraising Expenses $65,495

Program Expenses $320,816

Other Expenses $361,780

TOTAL EXPENSES $392,933

Year-over-Year Comparison

	2022	2021	Change
Revenue	$451,989	$391,804	+0.2%
Expenses	$392,933	$382,734	+0.0%
Net Income	$59,056	$9,070	+5.5%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
Tamara Jones	Treasurer	Officer	$0	$0	$0
Kasey Havens	President	Officer	$0	$0	$0
Kelly Abernathy	Secretary	Officer	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$451,989	$392,933	$166,509	$59,056
2022	$391,804	$382,734	$112,969	$9,070
2021	$127,790	$167,299	$108,721	$-39,509
2020	$265,022	$210,772	$148,230	$54,250
2019	$257,809	$247,899	$93,980	$9,910
2018	$295,721	$290,283	$84,070	$5,438

Lovejoy Fine Arts Inc