GREATER LEX INC

EIN: 991015016 Mutual Benefit

LEXINGTON, KY

Total Revenue
$634,349
Total Expenses
$561,305
Total Assets
$134,288
Net Assets
$73,044
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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
KY
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

THE MISSION OF GREATER LEX INC. IS 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 INITIATIVES.

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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 (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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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