LoveWorks Academy for Visual and Performance Arts (EIN 753155906) - Form 990 Financial Analysis & Trantor Score

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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

2005

Legal Domicile

Principal Officer

Nedra Parker

Phone

7635226830

Tax Period

2023-07-01 to 2024-06-30

LoveWorks Academy for Visual and Performance Arts, founded in 2005, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2023.

Mission

To inspire life-long learning, empower ALL students academically, and nurture the arts.

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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 $2,562,472

Program Service Revenue $3,584

Investment Income $0

Other Revenue $210,460

TOTAL REVENUE $2,776,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,546,795

Fundraising Expenses $0

Program Expenses $2,550,068

Other Expenses $1,461,919

TOTAL EXPENSES $3,008,714

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,776,516	$2,729,133	+0.0%
Expenses	$3,008,714	$2,957,540	+0.0%
Net Income	$-232,198	$-228,407	+0.0%

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

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

$162,898

Total Directors

$33,607

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Donald Allen	Executive Director	40.00	Officer	$14,311	$1,396	$15,707
Arther Turner	Former Executive Director	40.00	Officer	$67,000	$6,619	$73,619
Richard Terrill	Former Executive Director	40.00	Officer	$35,050	$4,915	$39,965
Jeremy Harder	Vice Chair/Teacher	40.00	Officer Director	$30,699	$2,908	$33,607
Raygen Gipson	Chair	2.00	Officer Director	$0	$0	$0
Sophie Myllykrangas	Secretary/Treasurer	2.00	Officer Director	$0	$0	$0
Kimberly Kokx	Member	2.00	Director	$0	$0	$0
Je' Hooper	Member	2.00	Director	$0	$0	$0
Brittany Nix	Member	2.00	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	$2,776,516	$3,008,714	$805,654	$-232,198
2023	$2,729,133	$2,957,540	$1,336,977	$-228,407
2022	$4,035,921	$2,970,874	$1,672,302	$1,065,047
2021	$2,698,924	$2,591,187	$1,217,250	$107,737
2020	$2,748,279	$2,849,796	$1,690,907	$-101,517
2019	$3,181,512	$3,496,780	$1,939,999	$-315,268
2018	$3,200,611	$3,733,075	$2,735,609	$-532,464

LoveWorks Academy for Visual and Performance Arts