Lake City Area Arts

Nonprofit profile at a glance

EIN
471931788
IRS 990-EZ coverage
2025–2025
Forms available
Form 990-EZ 2025, Form 990-N 2024
Location
Lake City, MN, USA
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Reported finances

Revenue
$84,751
Expenses
$65,671
Assets
$65,122
Liabilities
$16,780

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

Leadership & pay

8 people listed

Executive titles in this filing

  • Terri Orth (President)

People named in this filing

  • Terri Orth (President)
  • Robin Block (Treasurer)
  • Kathy Romero (Secretary)

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

Lake City Are Arts strengthens the community through arts and culture. We hold art exhibits, conduct classes, have concerts of local musicians, host the community choir, host a weekly music circle, participate in Lake City events .

What it reported doing in 2025

Lake City Area Arts provided a wide range of arts, cultural, and educational programming to enrich the Lake City community and surrounding region during the year. The organization hosted 21 educational programs, including classes, workshops, and art-related learning opportunities for youth and adults. Additionally, 35 performance events were presented, offering live music, dance, literary, and other performing arts experiences to the public. Collectively, these programs and events were attended by over 2,500 local residents and visiting guests. The organization also sponsored four cultural performance events celebrating diverse traditions and communities, including programs focused on Spain, Ireland, and the local Hispanic community, promoting cultural awareness and inclusion. Seven art exhibits featured the work of local and regional artists, providing valuable exposure and engagement opportunities. Community events included programs such as Art in Motion and the Holiday Home Tour, which alone attracted over 150 attendees. The Arts Center also maintained regular weekly community programming, including Community Choir rehearsals, Open Studio sessions, musician jam sessions, and Open Mic events, providing ongoing opportunities for artistic expression and social connection. In addition, Lake City Area Arts partnered with numerous local organizations on community activities and public art initiatives, strengthening community connections and expanding access to the arts throughout the region.

Operating model

Revenue model
Donor-supported. 70% of the money available for current operations came from contributions and gifts.
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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 100
  • Sustainability: 57
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.1%; rating input score 70
  • Program expense ratio: 90.5%; rating input score 90

Transparency & Controls

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

Sustainability

  • Operating margin: 22.5%; rating input score 74; 74th percentile among comparable filings
  • Total-asset coverage ratio: 0.99; rating input score 47; 47th percentile among comparable filings
  • Liabilities to assets ratio: 0.26; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 70.1% of revenue deployed · 90.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $59K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.