LIVE ARTS 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

1990

Legal Domicile

Principal Officer

LISA CAPRARO

Phone

4349774177

Tax Period

2023-07-01 to 2024-06-30

LIVE ARTS INC, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $967K in total revenue in fiscal year 2023. Expenses of $1.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO FORGE THEATER AND COMMUNITY SINCE 1990.

Program Service Accomplishments

Program 1

Expenses: $764,508

AS THE ANCHOR TENANT IN A FOUR-STORY PERFORMANCE SPACE IN THE HEART OF DOWNTOWN CHARLOTTESVILLE, LIVE ARTS IS A HUB FOR CREATIVITY, THEATER EDUCATION, AND COMMUNITY CONNECTION. EACH YEAR, WE PRESENT A COMPELLING SEASON OF PLAYS AND MUSICALS. WE WELCOME STUDENTS OF ALL AGES TO OUR YEAR- ROUND CLASSES AND WORKSHOPS, OFFER TEEN PLAYWRITING PROGRAMS, AND RUN YOUTH SUMMER CAMPS THAT INTRODUCE YOUNG ARTISTS TO ALL ASPECTS OF THE THEATER. WE SUPPORT THE DEVELOPMENT OF LOCAL WORKS AND PROVIDE RESOURCES FOR VOLUNTEER-LED GROUPS INCLUDING A PLAYWRITING LAB, SCRIPT READING GROUP, AND COSTUME AND SCENIC GUILDS. AND FOR MORE THAN TWO DECADES, WE HAVE PROVIDED TECH SUPPORT TO HIGH SCHOOL AND COLLEGE THEATER COMPANIES PERFORMING IN SCOTLAND AT THE EDINBURGH FESTIVAL FRINGE. POWERED BY MORE THAN 1,000 VOLUNTEERS, WE ARE A NATIONAL MODEL FOR ENGAGED COMMUNITY THEATER. FOR MORE THAN THREE DECADES, WE'VE DEDICATED OURSELVES TO THE MISSION OF "FORGING THEATER AND COMMUNITY" IN CHARLOTTESVILLE, VIRGINIA. OUR ENGAGEMENT IN LOCAL COMMUNITIES RUNS DEEP, AND WE HAPPILY ATTRACT PARTICIPANTS AND AUDIENCES FROM ACROSS CENTRAL VIRGINIA. WE'RE KNOWN FOR EXCEPTIONALLY HIGH CALIBER PRODUCTIONS THAT REFLECT THE REMARKABLE TALENT OF OUR VOLUNTEER ACTORS AND PRODUCTIONS TEAMS.

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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 $503,578

Program Service Revenue $431,311

Investment Income $6,714

Other Revenue $25,197

TOTAL REVENUE $966,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $508,053

Fundraising Expenses $89,320

Program Expenses $764,508

Other Expenses $595,410

TOTAL EXPENSES $1,103,463

Year-over-Year Comparison

	2023	2022	Change
Revenue	$966,800	$1,013,115	0.0%
Expenses	$1,103,463	$1,080,339	+0.0%
Net Income	$-136,663	$-67,224	+1.0%

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

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
MILLER SUSEN	PRESIDENT	N/A	Officer Director	$0	$0	$0
CKALIB NELSON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ROB DUNNENBERGER	SECRETARY	N/A	Officer Director	$0	$0	$0
SILAS BYRNE	TREASURER	N/A	Officer Director	$0	$0	$0
LISA CAPRARO	EXECUTIVE DI	N/A	Officer	$0	$0	$0
WILLA NEALE	GOVERNANCE C	N/A	Officer Director	$0	$0	$0
JENNIFER NEWELL	DEVELOPMENT	N/A	Officer Director	$0	$0	$0
JOHN OPRANDY	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT DUNN	DIRECTOR	N/A	Director	$0	$0	$0
JACQUELYN NASCA	DIRECTOR	N/A	Director	$0	$0	$0
ASHLEE THOMPSON	DIRECTOR	N/A	Director	$0	$0	$0
LISA BOWERS	DIRECTOR	N/A	Director	$0	$0	$0
JENNIFER LOVE	DIRECTOR	N/A	Director	$0	$0	$0
JAMES BURNETT	DIRECTOR	N/A	Director	$0	$0	$0
BONITA PATTON	DIRECTOR	N/A	Director	$0	$0	$0
LARISSA SNEATHERN	DIRECTOR	N/A	Director	$0	$0	$0
KATE LESLIE	DIRECTOR	N/A	Director	$0	$0	$0
PATTI HARTIGAN	DIRECTOR	N/A	Director	$0	$0	$0
SARAH CAIN	DIRECTOR	N/A	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	No data	No data	No data	No data
2024	$966,800	$1,103,463	$1,163,064	$-136,663
2023	$1,013,115	$1,080,339	$1,248,729	$-67,224
2022	$991,716	$947,350	$1,337,450	$44,366
2021	$707,865	$645,125	$1,279,605	$62,740
2020	$759,253	$842,352	$1,236,448	$-83,099
2019	$983,925	$955,073	$1,293,676	$28,852
2018	$875,491	$887,691	$1,280,323	$-12,200