ALEXANDRIA AREA ARTS ASSOCIATION

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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

1974

Legal Domicile

Principal Officer

KARLEY R VANCE

Phone

3207628300

Tax Period

2024-09-01 to 2025-08-31

ALEXANDRIA AREA ARTS ASSOCIATION, founded in 1974, is a small nonprofit that reported $610K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

TO FOSTER APPRECIATION, UNDERSTANDING, AND LOVE OF THE PERFORMING ARTS BY PROVIDING EXPERIENCES THAT ENTERTAIN, EDUCATE, AND ENRICH THE LIFE OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $496,209 Revenue: $407,453

AAAA PRODUCES APPOXIMATELY 9 MAINSTAGE PRODUCTIONS PER YEAR. SHOWS ARE A MIX OF FAMILY ENTERTAINMENT, AS WELL AS PLAYS AND MUSICALS GEARED TOWARD ADULTS. THE ASSOCIATION ALSO PRESENTS SENIOR...

AAAA PRODUCES APPOXIMATELY 9 MAINSTAGE PRODUCTIONS PER YEAR. SHOWS ARE A MIX OF FAMILY ENTERTAINMENT, AS WELL AS PLAYS AND MUSICALS GEARED TOWARD ADULTS. THE ASSOCIATION ALSO PRESENTS SENIOR PRODUCTIONS, WITH ONE-ACT PLAYS WRITTEN FOR SENIOR ACTORS AND PERFORMANCES THAT ARE HELD DURING THE DAY. IN ADDITION, AAAA OFFERS THREE SUMMER PRODUCTIONS FOR STUDENTS IN GRADES 3-12, AN IMPROV COMEDY TEAM AND PROVIDES RENTAL FACILITIES FOR ADDITIONAL PRODUCTIONS THAT NEED PERFORMANCE SPACE. THE ASSOCIATION HAS OVER 10,000 AUDIENCE MEMBERS ATTEND THESE PRODUCTIONS,WHICH INCLUDE PARTICIPATION FROM OVER 300 AREA YOUTH AND ADULTS IN A VARIETY OF ROLES (ACTORS, DESIGNERS, MUSICIANS, FRONT OF HOUSE AND TECHNICAL STAFF).

Program 2

Expenses: $9,090 Revenue: $40,235

AAAA PRODUCES EVENTS THROUGHOUT THE YEAR, INCLUDING THE ANNUAL ART IN THE PARK. THIS EVENT FEATURES 160 BOOTHS OF FINE ART AND QUALITY HANDMADE PRODUCTS, AND ATTRACTS OVER 20,000 ATTENDEES THROUGHOUT...

Program 3

Revenue: $22,872

AAAA OFFERS SEVERAL EDUCATION OPPORTUNITIES, INCLUDING CLASSES AND WORKSHOPS FOR YOUTH AND ADULTS. THE CLASSES AND WORKSHOPS COVER TOPICS SUCH AS ACTING, DESIGN, MAKEUP, STAGE COMBAT, AUDITIONING...

AAAA OFFERS SEVERAL EDUCATION OPPORTUNITIES, INCLUDING CLASSES AND WORKSHOPS FOR YOUTH AND ADULTS. THE CLASSES AND WORKSHOPS COVER TOPICS SUCH AS ACTING, DESIGN, MAKEUP, STAGE COMBAT, AUDITIONING, AND MORE. THE CLASSES ARE DESIGNED IN CONJUNCTION WITH THE HIGH SCHOOL AND CONTINUING EDUCATION PROGRAMS TO ENSURE COHESIVE TRAINING. EACH SUMMER, THE AAAA HOLDS THE STUDENT THEATRE PROJECT, WHICH IS AN INTENSIVE THEATRE EXPERIENCE DESIGNED FOR LATE ELEMENTARY THROUGH HIGH SCHOOL STUDENTS. MORE THAN 80 STUDENTS PARTICIPATE IN THE PROJECT WHICH COVERS MUSIC, DANCE, ACTING, AND PRODUCTION EXPERIENCES, CULMINATING IN A MUSICAL PRODUCTION. IN THE FALL THEY OFFER A STUDENT YOUTH THEATRE FOR THE YOUNGER ACTORS.

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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 $105,199

Program Service Revenue $470,560

Investment Income $2,810

Other Revenue $31,892

TOTAL REVENUE $610,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $193,587

Fundraising Expenses $13,678

Program Expenses $505,299

Other Expenses $468,637

TOTAL EXPENSES $662,224

Year-over-Year Comparison

	2024	2023	Change
Revenue	$610,461	$643,400	-0.1%
Expenses	$662,224	$588,073	+0.1%
Net Income	$-51,763	$55,327	-1.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE ARDITO	DIRECTOR	1.00	Director	$0	$0	$0
MARILEE ARDITO-MOSSBERG	DIRECTOR	1.00	Director	$0	$0	$0
DAYLON FABER	DIRECTOR	1.00	Director	$0	$0	$0
ANN HERMES	TREASURER	1.00	Officer Director	$0	$0	$0
REBECCA MARSNIK	DIRECTOR	1.00	Director	$0	$0	$0
KYLE PIETROWSKI	DIRECTOR	1.00	Director	$0	$0	$0
SARA ROBINSON	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICK SIEVE	PRESIDENT	4.00	Officer Director	$0	$0	$0
JUSTIN ZAVADIL	DIRECTOR	1.00	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
2025	$610,461	$662,224	$1,045,208	$-51,763
2024	$643,400	$588,073	$1,097,296	$55,327
2023	$603,078	$509,388	$1,039,903	$93,690
2022	$598,447	$579,913	$950,884	$18,534
2021	$352,869	$302,268	$965,944	$50,601
2020	$676,891	$291,749	$938,757	$385,142
2019	$478,393	$402,615	$533,375	$75,778
2018	$354,458	$353,952	$458,393	$506