LEGACY ARTS LIMA INC

EIN: 881681076 501(c)(3) Arts, Culture & Humanities

LIMA, OH

Total Revenue
$11,122
Total Expenses
$6,843
Total Assets
$4,279
Net Assets
$4,279
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
OH
Principal Officer
ANGELA M BOWKER
Phone
4195162523
Tax Period
2022-02-09 to 2022-12-31

LEGACY ARTS LIMA INC, founded in 2022, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $11K in total revenue in fiscal year 2022. The organization ran a surplus of $4K, a strong 38% operating margin.

Mission

TO FOSTER THE GROWTH OF THE ARTS AND ENTREPENEURSHIP IN NORTHWEST OHIO TO SHOWCASE LOCAL TALENT, PROVIDE ENTERTAINMENT OPTIONS FOR THE COMMUNITY, AND TO ENCOURAGE CREATORS TO STAY LOCAL.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $9,000
Program Service Revenue $2,122
Investment Income $0
Other Revenue $0
TOTAL REVENUE $11,122

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,843
Other Expenses $6,843
TOTAL EXPENSES $6,843

Year-over-Year Comparison

2022 2021 Change
Revenue $11,122 N/A N/A
Expenses $6,843 N/A N/A
Net Income $4,279 N/A N/A
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

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Governance

Voting Members
9
Independent Members
9
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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAYLA NOCERA ZEHERY PRESIDENT 001.00
Officer Director
$0 $0 $0
ANGELA BOWKER TREASURER 001.00
Officer Director
$0 $0 $0
JENNIFER BROGEE SECRETARY 001.00
Officer Director
$0 $0 $0
MARC BOWKER DIRECTOR 001.00
Director
$0 $0 $0
ALISA MCPHERON DIRECTOR 001.00
Director
$0 $0 $0
OMAR ZEHERY DIRECTOR 001.00
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
2022 $11,122 $6,843 $4,279 $4,279
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