Lafayette Art Association

Nonprofit profile at a glance

EIN
726020860
IRS 990-EZ coverage
2021–2025
Forms available
Form 990 2020, Form 990-EZ 2025
Location
Lafayette, LA, USA
Phone
5083414238
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Visual Arts Organizations

Reported finances

Revenue
$40,023
Expenses
$56,174
Assets
$22,562
Liabilities
$701

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • MARGO BAKER (PRESIDENT)
  • BONNIE CAMOS (2ND VICE PRESIDENT)
  • CATHY MILLS (1ST VICE PRESIDENT)

People named in this filing

  • TERRY PALMER (MEMBER AT LARGE)
  • MARGO BAKER (PRESIDENT)
  • SHARON BROTHERTON (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Non profit art gallery

What it reported doing in 2025

To provide a free or low cost venue for the display and sale of amateur artworks

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 23
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -40.4%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 0.4; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 20.1% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: 22.5% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: -13.9% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $56K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2021 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 14/100.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.