LAB PERFORMING ARTS INITIAVE INC (EIN 462758859) - 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

2013

Legal Domicile

Principal Officer

TRACI GREENE

Phone

7139721320

Tax Period

2023-01-01 to 2023-12-31

LAB PERFORMING ARTS INITIAVE INC, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $359K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $401K exceeded revenue, resulting in a 11% operating deficit.

Mission

The Lab Performing Arts Initiative, Inc. LPAI is a 501c3 non-profit arts organization designed to enrich the lives of young people through the performing arts with an emphasis on dance.

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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 $359,388

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $359,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $400,679

Other Expenses $400,679

TOTAL EXPENSES $400,679

Year-over-Year Comparison

	2023	2022	Change
Revenue	$359,388	$327,417	+0.1%
Expenses	$400,679	$238,644	+0.7%
Net Income	$-41,291	$88,773	-1.5%

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
TRACI GREENE	EXEC. DIR	040.00	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
2023	$359,388	$400,679	$343,935	$-41,291
2022	$327,417	$238,644	$385,226	$88,773
2021	$310,144	$112,932	$296,453	$197,212
2020	$864	$48,890	$99,241	$-48,026
2019	$252,148	$104,881	$147,267	$147,267

LAB PERFORMING ARTS INITIAVE INC