LYRIC PERFORMING ARTS COMPANY INC (EIN 752952031) - 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

2002

Legal Domicile

Principal Officer

HANK HUNTER

Phone

3256004303

Tax Period

2023-01-01 to 2023-12-31

LYRIC PERFORMING ARTS COMPANY INC, founded in 2002, is a small nonprofit in the Education sector that reported $356K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $508K exceeded revenue, resulting in a 43% operating deficit.

Mission

TO PROVIDE EXCELLENCE IN CULTURAL ENTERTAINMENT WHILE OFFERING OPPORTUNITIES FOR LOCAL INVOLVEMENT IN THE ARTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $171,248

Program Service Revenue $170,829

Investment Income $0

Other Revenue $13,974

TOTAL REVENUE $356,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,203

Fundraising Expenses $3,641

Program Expenses $468,766

Other Expenses $401,582

TOTAL EXPENSES $507,785

Year-over-Year Comparison

	2023	2022	Change
Revenue	$356,051	$321,104	+0.1%
Expenses	$507,785	$446,840	+0.1%
Net Income	$-151,734	$-125,736	+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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

$69,072

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC EVANS	Director	1.00	Director	$56,250	$0	$56,250
NANCY JO HUMFELD	Director	1.00	Director	$9,250	$0	$9,250
TOMMIE BAILEY	Director	1.00	Director	$2,072	$0	$2,072
KANDICE HARRIS	Director	1.00	Director	$1,500	$0	$1,500
HANK HUNTER	President	1.00	Officer Director	$0	$0	$0
GENE DEASON	Vice President	1.00	Officer Director	$0	$0	$0
VIRGINIA BISHOP	Secretary	1.00	Officer Director	$0	$0	$0
NORMA BESSENT	Treasurer	1.00	Officer Director	$0	$0	$0
DEBBIE CAVETT	Treasurer	1.00	Officer Director	$0	$0	$0
PRISCILLA MONSON	Director	1.00	Director	$0	$0	$0
JOSEPH DENNIS	Director	1.00	Director	$0	$0	$0
SHANE BRITTON	Director	1.00	Director	$0	$0	$0
RUTH WHEELIS	Director	1.00	Director	$0	$0	$0
JENNIFER MCNIECE	Director	1.00	Director	$0	$0	$0
PAUL UNDERWOOD	Director	1.00	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	No data	No data	No data	No data
2023	$356,051	$507,785	$2,355,082	$-151,734
2022	$321,104	$446,840	$2,487,307	$-125,736
2021	$305,011	$380,713	$2,614,297	$-75,702
2020	$127,309	$253,136	$2,682,487	$-125,827

LYRIC PERFORMING ARTS COMPANY INC