LIGHT WORK VISUAL STUDIES INC (EIN 237385641) - Form 990 Financial Analysis & Trantor Score

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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

1973

Legal Domicile

Principal Officer

DANIEL BOARDMAN

Phone

3154431300

Tax Period

2024-07-01 to 2025-06-30

LIGHT WORK VISUAL STUDIES INC, founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $461K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Net assets of $2.9M represent 76 months of operating reserves.

Mission

ARTIST OPERATED PHOTOGRAPHY CENTER TO ENCOURAGE THE GROWTH AND APPRECIATION OF PHOTOGRAPHIC AND OTHER VISUAL MEDIA.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $315,970

Program Service Revenue $11,569

Investment Income $64,619

Other Revenue $68,478

TOTAL REVENUE $460,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $473,875

Other Expenses $496,495

TOTAL EXPENSES $496,495

Year-over-Year Comparison

	2024	2023	Change
Revenue	$460,636	$536,080	-0.1%
Expenses	$496,495	$373,119	+0.3%
Net Income	$-35,859	$162,961	-1.2%

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

N/A

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
CHRISTINE ELFMAN	CHAIR	1.00	Officer Director	$0	$0	$0
GLEN LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY REYNOLDS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTINA LIMPERT	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDREW SALUTI	BOARD MEMBER	1.00	Director	$0	$0	$0
MARILU LOPEZ FRETTS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINA EIFFE	TREASURER	1.00	Officer Director	$0	$0	$0
DANIEL BOARDMAN	EXECUTIVE DIRECTOR	40.00	Officer	$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
2025	$460,636	$496,495	$2,945,491	$-35,859
2024	$536,080	$373,119	$2,777,183	$162,961
2023	$435,960	$429,453	$2,424,633	$6,507
2022	$399,264	$392,228	$2,463,361	$7,036
2021	$761,658	$482,250	$2,493,566	$279,408
2020	$561,849	$459,873	$2,024,000	$101,976
2019	$583,314	$455,276	$1,026,139	$128,038

LIGHT WORK VISUAL STUDIES INC