Lawrence County Concert Association Southern Indiana Live on Stage

Nonprofit profile at a glance

EIN
621472790
IRS 990 coverage
2013–2018
Forms available
Form 990 2018, Form 990-N 2012
Location
Bedford, IN, USA
Phone
8122796542
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Music

Reported finances

Revenue
$28,253
Expenses
$36,524
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • CHARLES EDWARDS (PRESIDENT)

People named in this filing

  • CHARLES EDWARDS (PRESIDENT)
  • PEGGY BUCK (SECRETARY)
  • DONNA NAPIER (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. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the southern Indiana live on stage formerly lawrence county concert association is to build and maintain a permanent concert audience in lawrence county, Indiana and the surrounding area. Cultivate in the citizens of lawrence county, and surrounding area, interest in good music and encourage the performance therein of good music by qualified artists. Provide an opportunity for the citizens to hear good music in the form of concerts, musical theatrical performances, and recitals; of which there will be a minimum of three presented annually. Fostering and encouraging public appreciation of music and the teaching of music, history of music and music appreciation in the schools of lawrence county and its surrounding area.

What it reported doing in 2018

Provide an opportunity for the citizens to hear good music in the form of concerts, musical theatrical performances, and recitals; of which there will be a minimum of three presented annually.concerts are conducted by performing artists to encourage community appreciation of the arts.

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. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 90
  • Accountability: 88
  • Sustainability: 24
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 97.5%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -29.3%; rating input score 34; 34th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: 0.3% per year; rating input score 100; 55th percentile among comparable filings
  • Revenue growth: -0.5% per year; rating input score 0; 59th percentile among comparable filings
  • Asset growth: -19.1% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 97.5% of spending went to programs
  • Governance: 15 of 15 board members independent · 5 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $36K in reported program spending
  • Leadership: top reported pay $0 · 15 people listed
  • Consistency: 12 of 12 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2013 to 2018
  • 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 — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 34/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.