Richmond, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THEATRELAB INC, founded in 2012, is a micro nonprofit that reported $55K in total revenue in fiscal year 2022. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $94K exceeded revenue, resulting in a 70% operating deficit.
TheatreLAB is Richmond's home for unexpected and evocative performance. Through artistry and imagination, TheatreLAB creates unique theatrical experiences that spark a collaborative exchange of ideas between artist and audience. The TheatreLAB ensemble cultivates an environment that fosters emerging talent and challenges artistic norms through experimental devices on new and thrilling works.
TheatreLAB has chosen live performance as our artistic medium because of its immediacy, its immersive ness, and its inherent ability to build a community through shared experience. In order to...
TheatreLAB has chosen live performance as our artistic medium because of its immediacy, its immersive ness, and its inherent ability to build a community through shared experience. In order to continue developing and expanding the Richmond theatre audience-base, we believe that patrons should be continually offered high-quality performance art, and arts organizations should strive to produce events that appeal to audiences outside their own. In light of the COVID pandemic, TheatreLAB produced one show in 2021, and that show's run was shortened as a result of local lock down.
In connection with the shows produced, TheatreLAB offered its patrons various concessions during the show(s).
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $55,234 | $90,814 | -0.4% |
| Expenses | $94,013 | $113,888 | -0.2% |
| Net Income | $-38,779 | $-23,074 | +0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Carolyn Sarosi | Treasurer | 10 |
Director
|
$0 | $0 | $0 |
| David Gray | Co-Artistic Director | 40 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $55,234 | $94,013 | $21,167 | $-38,779 |
| 2021 | $90,814 | $113,888 | $37,329 | $-23,074 |
| 2020 | $56,900 | $131,549 | $62,538 | $-74,649 |
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