LEA COUNTY COMMISSION FOR THE ARTS (EIN 850481239) - 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

2000

Legal Domicile

Principal Officer

ERICA ARMSTRONG

Phone

5753972787

Tax Period

2018-07-01 to 2019-06-30

LEA COUNTY COMMISSION FOR THE ARTS, founded in 2000, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $53K in total revenue in fiscal year 2018. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $60K exceeded revenue, resulting in a 13% operating deficit.

Mission

LEA COUNTY COMMISSION FOR THE ARTS EDUCATES CHILDREN AND THE COMMUNITY OF THE IMPORTANCE OF USING CREATIVE SKILLS AND TALENTS BY PROVIDING ART DISPLAYS, AFTER SCHOOL AND SUMMER ART PROGRAMS, AND BRINGING IN SUMMER MUSIC TALENT FOR THE COMMUNITY.

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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 (2018)

Revenue Breakdown

Contributions & Grants $39,436

Program Service Revenue $10,498

Investment Income $0

Other Revenue $2,622

TOTAL REVENUE $52,556

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,238

Fundraising Expenses $8,113

Program Expenses $43,128

Other Expenses $53,336

TOTAL EXPENSES $59,574

Year-over-Year Comparison

	2018	2017	Change
Revenue	$52,556	$81,241	-0.4%
Expenses	$59,574	$101,951	-0.4%
Net Income	$-7,018	$-20,710	-0.7%

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

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
PAUL NEWEY	DIRECTOR	1.00	Director	$0	$0	$0
TRIFFNEY LEIK	DIRECTOR	1.00	Director	$0	$0	$0
GABRIELLE PAYNE	DIRECTOR	1.00	Director	$0	$0	$0
DEB MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
ASH BAER	DIRECTOR	1.00	Director	$0	$0	$0
LAURA BREWSTER	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS LEVY	PROGRAM DIRE	1.00	Director	$0	$0	$0
VERA MATTHEWS	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN CROSS	DIRECTOR	1.00	Director	$0	$0	$0
ERICA ARMSTRONG	PRESIDENT	1.00	Officer	$0	$0	$0
RENNE CLAUNCH	VICE PRESIDE	1.00	Officer	$0	$0	$0
ROBERT SCHUMACHER	SECRETARY	1.00	Officer	$0	$0	$0
PAULIE GLADDEN	TREASURER	1.00	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
2019	$52,556	$59,574	$502,899	$-7,018
2018	$81,241	$101,951	$509,916	$-20,710

LEA COUNTY COMMISSION FOR THE ARTS