FESTIVAL OF THE PHOTOGRAPH INC C/O LISA DRAINE (EIN 205628601) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

LISA DRAINE

Phone

4349753885

Tax Period

2018-01-01 to 2018-12-31

FESTIVAL OF THE PHOTOGRAPH INC C/O LISA DRAINE, founded in 2006, is a micro nonprofit that reported $8K in total revenue in fiscal year 2018. Revenue decreased 8% compared to the prior year. Expenses of $11K exceeded revenue, resulting in a 41% operating deficit.

Mission

LOOK3 FESTIVAL OF THE PHOTOGRAPH CELEBRATED THE VISION OF EXTRAORDINARY PHOTOGRAPHERS, IGNITED CONVERSATIONS ABOUT CRITICAL ISSUES, AND FOSTERED THE NEXT GENERATION OF ARTISTS. AS A NON-PROFIT ORGANIZATION, LOOK3 CHALLENGED ASSUMPTIONS ABOUT PHOTOGRAPHY BY PRESENTING DIVERSE WORK BY A VARIETY OF ARTISTS, DEVELOPING INNOVATIVE EDUCATIONAL INITIATIVES, AND PROVIDING COMMUNITY ENGAGEMENT EVENTS. THE FESTIVAL FEATURED GALLERY EXHIBITIONS AND ON-STAGE APPEARANCES BY PHOTOGRAPHIC LEGENDS, AS WELL AS OUTDOOR INSTALLATIONS AND PROJECTIONS OVER FOUR DAYS AND NIGHTS - ALL TAKING PLACE ALONG CHARLOTTESVILLE'S HISTORIC DOWNTOWN MALL IN THE MONTH OF JUNE. THE LAST YEAR OF FESTIVAL OF THE PHOTOGRAPH INC. PROGRAM ACTIVITIES WAS DURING 2016 AS THE FESTIVAL BEGAN WRAPPING UP OPERATIONS AND FILED FOR DISSOLUTION IN 2017. IN 2017, THE FESTIVAL OF THE PHOTOGRAPH CEASED OPERATING AND BEGAN THE PROCESS OF WINDING DOWN THE ORGANIZATION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $1,170

Program Service Revenue $575

Investment Income $6,162

Other Revenue $0

TOTAL REVENUE $7,907

Expense Breakdown

Grants Paid $1,205

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,205

Other Expenses $9,918

TOTAL EXPENSES $11,123

Year-over-Year Comparison

	2018	2017	Change
Revenue	$7,907	$8,578	-0.1%
Expenses	$11,123	$23,428	-0.5%
Net Income	$-3,216	$-14,850	-0.8%

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
LISA DRAINE	TREASURER	10.00	Officer 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
2018	$7,907	$11,123	No data	$-3,216

FESTIVAL OF THE PHOTOGRAPH INC C/O LISA DRAINE