THE LOFT INC

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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

1975

Legal Domicile

Principal Officer

ARLETA LITTLE

Phone

6122152575

Tax Period

2023-09-01 to 2024-08-31

THE LOFT INC, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 32% operating deficit.

Mission

THE LOFT ADVANCES THE POWER OF WRITERS AND READERS TO CRAFT AND SHARE STORIES, TO CREATE AND CELEBRATE CONNECTIONS, AND TO BUILD JUST, LIFE-SUSTAINING COMMUNITIES. WE ENVISION A WORLD WHERE THE POWER OF THE WORD LIBERATES MINDS, DEEPENS RELATIONSHIPS, AND INSPIRES MOVEMENTS FOR PEOPLE AND PLANET. AS AN ANTIRACIST ORGANIZATION, THE LOFT DEVELOPS LITERARY EXPERIENCES FOR WRITERS, READERS, AND STORYTELLERS BECAUSE RACISM DEHUMANIZES PEOPLE, AND POETRY AND STORIES DEEPEN OUR CONNECTION TO OUR SHARED HUMANITY. RECOGNIZING THE RELATIONSHIP BETWEEN RACE, POWER, AND RESOURCES, WE PRIORITIZE THE ENGAGEMENT OF BIPOC AND MARGINALIZED COMMUNITIES AND WORK FOR THE EQUITABLE DISTRIBUTION OF OUR POWER AND RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $1,045,002 Revenue: $623,699

LEARNING FOR WRITERS AND READERS: SEE SCHEDULE O FOR SERVICE ACCOMPLISHMENTS

Program 2

Expenses: $499,907 Revenue: $69,220

SERVICES FOR WRITERS AND THE LITERARY COMMUNITY: SEE SCHEDULE O FOR SERVICE ACCOMPLISHMENTS

Program 3

Expenses: $344,766 Revenue: $47,214

EVENTS FOR READERS: SEE SCHEDULE O FOR SERVICE ACCOMPLISHMENTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $860,637

Program Service Revenue $741,332

Investment Income $179,782

Other Revenue $0

TOTAL REVENUE $1,781,751

Expense Breakdown

Grants Paid $149,000

Salaries & Benefits $1,318,910

Fundraising Expenses $320,015

Program Expenses $1,889,675

Other Expenses $863,326

TOTAL EXPENSES $2,350,825

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,781,751	$2,433,334	-0.3%
Expenses	$2,350,825	$2,577,046	-0.1%
Net Income	$-569,074	$-143,712	+3.0%

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

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

$240,618

Total Directors

$140,131

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARLETA LITTLE	EXEC & ARTISTIC DIR, BOARD PRES	32.00	Officer Director	$134,671	$4,904	$139,575
MELINDA WARD	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
MIKE MEYER	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
ELLENA SCHOOP	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
JON AUSTIN	BOARD TREASURER 8/1/24-8/31/24	1.00	Officer Director	$0	$0	$0
MEENA NATARAJAN	DIRECTOR	1.00	Director	$0	$0	$0
RUTH SHIELDS	DIRECTOR	1.00	Director	$0	$0	$0
KARLYN COLEMAN	DIRECTOR	1.00	Director	$324	$0	$324
DOROTHY NINS	DIRECTOR	1.00	Director	$0	$0	$0
NICHOL HIGDON	BOARD TREASURER 9/1/23-7/30/24	1.00	Officer Director	$0	$0	$0
TY CHAPMAN	DIRECTOR	1.00	Director	$232	$0	$232
KRIS PATROW	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH SCHOEPPLER	SR. DIR., FINANCE & OPERATIONS	32.00	Officer	$96,881	$4,162	$101,043

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	No data	No data	No data	No data
2024	$1,781,751	$2,350,825	$5,974,800	$-569,074
2023	$2,433,334	$2,577,046	$5,824,237	$-143,712
2022	$2,615,373	$2,066,861	$5,784,467	$548,512
2021	$2,587,089	$2,162,259	$5,897,913	$424,830
2020	$1,982,944	$2,465,329	$4,717,541	$-482,385
2019	$2,793,022	$2,691,852	$5,014,747	$101,170
2018	$2,349,389	$2,312,228	$4,956,159	$37,161