VIRGINIA THEATRE ASSOCIATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

CHLOE GREEN

Phone

8044676987

Tax Period

2020-01-01 to 2020-12-31

VIRGINIA THEATRE ASSOCIATION, founded in 1987, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $40K in total revenue in fiscal year 2020. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $69K exceeded revenue, resulting in a 70% operating deficit.

Mission

VIRGINIA THEATRE ASSOCIATION IS ORGANIZED AND OPERATED AS A NON-STOCK CORPORATION, EXCLUSIVELY FOR NON-PROFIT EDUCATIONAL, ARTISTIC, AND CHARITABLE PURPOSES. THE MISSION OF THE VIRGINIA THEATRE ASSOCIATION IS TO CONNECT, DEVELOP, NURTURE AND ADVOCATE FOR THEATRE PEOPLE OF ALL AGES, AT EVERY LEVEL, FROM EVERY CORNER OF THE COMMONWEALTH, SERVING AS THE VOICE OF THEATRE IN VIRGINIA.

Program Service Accomplishments

Program 1

Expenses: $29,400 Revenue: $34,095

VIRGINIA THEATRE ASSOCIATION (VTA), LIKE SO MANY FELLOW ARTS ORGANIZATIONS, HAD TO PIVOT ALL OPERATIONS FROM IN-PERSON ACTIVITIES TO ONLINE IN MARCH 2020, INCLUDING A PLAYWRITING FESTIVAL AND...

VIRGINIA THEATRE ASSOCIATION (VTA), LIKE SO MANY FELLOW ARTS ORGANIZATIONS, HAD TO PIVOT ALL OPERATIONS FROM IN-PERSON ACTIVITIES TO ONLINE IN MARCH 2020, INCLUDING A PLAYWRITING FESTIVAL AND REGIONAL PERFORMANCE EVENTS. WE ALSO HAD TO MOVE OUR ANNUAL CONFERENCE, WHICH WAS ATTENDED BY MORE THAN 3,000 PEOPLE IN 2019, TO A COMPLETELY ONLINE EVENT. WE DID HAVE MORE THAN 900 INDIVIDUALS PARTICIPATE IN THE ONLINE EVENT, WHICH EXCEEDED OUR EXPECTATIONS. WE ALSO RECEIVED GREAT REVIEWS AND HIGH SATISFACTION NUMBERS FROM OUR PARTICIPANTS. WE HELD OUR 2021 CONFERENCE ONLINE AS WELL, AND WE ARE ALREADY PLANNING FOR OUR 2022 CONFERENCE TO BE BACK IN PERSON.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $6,308

Program Service Revenue $34,095

Investment Income $1

Other Revenue $0

TOTAL REVENUE $40,404

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,182

Fundraising Expenses $9,546

Program Expenses $29,400

Other Expenses $30,328

TOTAL EXPENSES $68,510

Year-over-Year Comparison

	2020	2019	Change
Revenue	$40,404	$217,944	-0.8%
Expenses	$68,510	$243,770	-0.7%
Net Income	$-28,106	$-25,826	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
STEFAN SITTIG	COLLEGE & UNIV CHAIR	0.50	Director	$0	$0	$0
BRUCE MILLER	PROFESSIONAL CHAIR	0.50	Director	$0	$0	$0
WEST LIVINGSTON	TECHNICAL DIVISION CHAIR	0.50	Director	$0	$0	$0
LINDA GALLANT	SECONDARY SCHOOLS CHAIR	0.50	Director	$0	$0	$0
KEVIN COVERT	SETC STATE REPRESENTATIVE	0.50	Director	$0	$0	$0
MELISSA CHARLES	THEATRE FOR YOUTH CHAIR	0.50	Director	$0	$0	$0
CYNTHIA WARREN	MEMBER AT LARGE	0.50	Director	$0	$0	$0
DEBRA CLINTON	PRESIDENT	0.50	Officer Director	$0	$0	$0
WENDY NOVICOFF	PRESIDENT-ELECT	0.50	Officer Director	$0	$0	$0
MATT ARMENTROUT	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
TAYLOR BERNARD	SECRETARY	0.50	Officer Director	$0	$0	$0
JEFF PRICE	TREASURER	0.50	Officer Director	$0	$0	$0
MIKE HUDSON	PAST PRESIDENT	0.50	Officer Director	$0	$0	$0
JIM ACKLEY	PAST PRESIDENT	0.50	Officer Director	$0	$0	$0
CHLOE GREEN	INTERIM TREASURER	0.50	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
2020	$40,404	$68,510	$15,641	$-28,106
2019	$217,944	$243,770	$31,236	$-25,826
2018	$240,149	$225,978	$57,062	$14,171