THE LYRIC COUNCIL 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

1995

Legal Domicile

Principal Officer

SETH DAVIS

Phone

5409514771

Tax Period

2023-01-01 to 2023-12-31

THE LYRIC COUNCIL INC, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $376K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $432K exceeded revenue, resulting in a 15% operating deficit.

Program Service Accomplishments

Program 1

Expenses: $264,471 Revenue: $130,151

ENHANCE COMMUNITY PARTICIPATION IN ARTS AND CULTURE BY MAINTAINING AND PRESERVING THE LYRIC THEATRE AND ESTABLISHING AND PROMOTING BLACKSBURG, VIRGINIA AS AN ARTS DESTINATION FOR THE REGION.

Program 2

Expenses: $0 Revenue: $0

TO FOSTER AND PROMOTE ARTS AND CULTURE IN THE NEW RIVER VALLEY BY PROVIDING: VISIBILITY FOR REGIONAL ARTS ORGANIZATIONS; INFORMATION ON ARTS AND CULTURAL EVENTS; SPACE TO SHARE RESOURCES, BUILD...

TO FOSTER AND PROMOTE ARTS AND CULTURE IN THE NEW RIVER VALLEY BY PROVIDING: VISIBILITY FOR REGIONAL ARTS ORGANIZATIONS; INFORMATION ON ARTS AND CULTURAL EVENTS; SPACE TO SHARE RESOURCES, BUILD NETWORKS, AND FACILITATE COMMUNICATION.

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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 $130,151

Program Service Revenue $215,118

Investment Income $606

Other Revenue $30,536

TOTAL REVENUE $376,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,532

Fundraising Expenses $24,053

Program Expenses $264,471

Other Expenses $253,970

TOTAL EXPENSES $431,502

Year-over-Year Comparison

	2023	2022	Change
Revenue	$376,411	$304,549	+0.2%
Expenses	$431,502	$395,633	+0.1%
Net Income	$-55,091	$-91,084	-0.4%

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

200

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

$69,744

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SETH DAVIS	EXECUTIVE DIRECTOR (CURRENT)	40.00	Officer	$41,789	$0	$41,789
SUSAN MATTINGLY	EXECUTIVE DIRECTOR (PRIOR)	40.00	Officer	$27,955	$0	$27,955
KIM CARLSON	CHAIR	2.00	Officer Director	$0	$0	$0
KEVIN WILLS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
VICTORIA COCHRAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JASON POSPICHAL	TREASURER	1.00	Officer Director	$0	$0	$0
HARVEY BARKER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BEATTY	DIRECTOR	2.00	Director	$0	$0	$0
TOM DINGUS	DIRECTOR	1.00	Director	$0	$0	$0
DIANA FRANCIS	DIRECTOR	1.00	Director	$0	$0	$0
ROB KUCZMARSKI	DIRECTOR	2.00	Director	$0	$0	$0
SKIP SLOCUM	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN WINFREY	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
2024	No data	No data	No data	No data
2023	$376,411	$431,502	$720,958	$-55,091
2022	$304,549	$395,633	$796,421	$-91,084
2021	$518,556	$330,650	$924,865	$187,906
2020	$288,628	$311,997	$761,233	$-23,369
2019	$437,337	$446,648	$834,562	$-9,311
2018	$559,269	$487,360	$884,672	$71,909