LOVE ART PLAY INC

EIN: 813497758 501(c)(3) Arts, Culture & Humanities

NEW MILFORD, CT

Total Revenue
$7,032
Total Expenses
$16,080
Total Assets
$14,498
Net Assets
$14,498
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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
2016
Legal Domicile
CT
Principal Officer
ARLENE BEGELMAN
Phone
2033139335
Tax Period
2019-01-01 to 2019-12-31

LOVE ART PLAY INC, founded in 2016, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $7K in total revenue in fiscal year 2019. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $16K exceeded revenue, resulting in a 129% operating deficit.

Mission

PROMOTE ARTISTIC PROJECTS

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $2,620
Program Service Revenue $4,412
Investment Income $0
Other Revenue $0
TOTAL REVENUE $7,032

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $14,118
Other Expenses $16,080
TOTAL EXPENSES $16,080

Year-over-Year Comparison

2019 2018 Change
Revenue $7,032 $18,987 -0.6%
Expenses $16,080 $8,671 +0.9%
Net Income $-9,048 $10,316 -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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL POSSIDENTO DIRECTOR 1.00
Director
$0 $0 $0
DAVID WALKER-PRICE DIRECTOR 1.00
Director
$0 $0 $0
DAVID KELLOGG DIRECTOR 1.00
Director
$0 $0 $0
SHELLY ROACH DIRECTOR 1.00
Director
$0 $0 $0
RUSSELL POSTHAUER DIRECTOR 1.00
Director
$0 $0 $0
DAVID BEGELMAN DIRECTOR 1.00
Director
$0 $0 $0
BARBARA FLOOD DIRECTOR 1.00
Director
$0 $0 $0
ARLENE BEGELMAN PRESIDENT 10.00
Officer
$0 $0 $0
BARBARA BRAVERMAN SECRETARY 1.00
Officer
$0 $0 $0
BARBARA FLOOD TREASURER 1.00
Officer
$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
2019 $7,032 $16,080 $14,498 $-9,048
2018 $18,987 $8,671 $23,546 $10,316
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