GREATER LEX INC

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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

2023

Legal Domicile

Principal Officer

STEPHEN BYARS

Phone

8592544447

Tax Period

2024-01-01 to 2024-12-31

GREATER LEX INC, founded in 2023, is a small nonprofit in the Mutual Benefit sector that reported $634K in total revenue in fiscal year 2024. Expenses of $561K left a modest 12% surplus.

Mission

TO OVERSEE THE ALLOCATION OF THE LOCAL GOVERNMENT FUNDING INVESTMENT IN THE REGIONAL COMPETITIVENESS PLAN TO ENSURE FUNDING MANAGED BY COMMERCE LEXINGTON IS BEING UTILIZED TO COMPLETE THE AGREED UPON 7-ACTION ITEMS AIMED AT JOB CREATION, TALENT ATTRACTION AND POLICY ADVOCACY.

Program Service Accomplishments

Program 1

Expenses: $290,060

CREATED A NEW TALENT ATTRACTION WEBSITE AND DIGITAL MARKETING STRATEGY TO PROMOTE THE REGION AS A PLACE TO LIVE AND WORK.

Program 2

Expenses: $259,446

REFRESHED THE REGIONAL JOB ATTRACTION WEBSITE AND MARKETING ASSETS TO PROMOTE THE REGION TO NATIONAL SITE SELECTORS AND BUSINESS TARGETS.

Program 3

Expenses: $11,676

ENGAGED WITH 120+ NATIONAL SITE SELECTORS TO PROMOTE THE REGION TO BUSINESS PROSPECTS AT EXCLUSIVE EVENTS AND INDUSTRY TRADE SHOWS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $617,050

Program Service Revenue $0

Investment Income $17,299

Other Revenue $0

TOTAL REVENUE $634,349

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $561,182

Other Expenses $561,305

TOTAL EXPENSES $561,305

Year-over-Year Comparison

	2024	2023	Change
Revenue	$634,349	N/A	N/A
Expenses	$561,305	N/A	N/A
Net Income	$73,044	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

Governance

Voting Members

Independent Members

Employees

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN BYARS	DIRECTOR	1.00	Director	$0	$0	$0
LUTHER DEATON	DIRECTOR	1.00	Director	$0	$0	$0
CARLA BLANTON	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	$634,349	$561,305	$134,288	$73,044