ALBANY LIVE 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

2021

Legal Domicile

Principal Officer

MICHAELA SMITH

Phone

2148835087

Tax Period

2024-01-01 to 2024-12-31

Mission

ALBANY LIVE BRINGS MUSICAL PERFORMANCES TO ALBANY, TEXAS TO PROVIDE CULTURE AND ARTS TO THE LOCAL COMMUNITY.THE PERFORMANCES BRING TOURISM IN SUPPORT OF OUR LOCAL RETAIL BUSINESSES AND RESTAURANTS.

Program Service Accomplishments

Program 1

HOST PERFORMANCES: IN 2024, 0 PEOPLE ATTENDED AND EXPERIENCED LIVE MUSIC IN THE HISTORIC AXTEC THEATER IN ALBANY, TEXAS. THESE 00 ATTENDEES CREATED APPROXIMATELY $0 IN REVENUE FOR LOCAL RESTAURANTS AND RETAIL MERCHANTS ON THE EVENING OF THE SHOW. 300 VOLUNTEER HOURS WERE CREATED IN THE PRODUCTION OF THE SHOW. THE USE OF THE VENUE EDUCATES THE PUBLIC ON THE VALUE OF COMMUNITY SPACES AND CREATES ADDITIONAL COMMUNITY SUPPORT FOR THE HISTORIC AZTEC THEATER. THE EVENTS CREATED APPROXIMATELY 40 VOLUNTEER HOURS FOR SUPPORT OF THE AXTEC THEATER.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	$218,972	-1.0%
Expenses	N/A	$156,272	-1.0%
Net Income	N/A	$62,700	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAELA SMITH	PRESIDENT	2.00	Officer Director	$0	$0	$0
MEGAEN BIRDWELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LYNSI MUSSELMAN	TREASURER	1.00	Officer Director	$0	$0	$0
WATT CASEY JR	DIRECTOR	0.00	Director	$0	$0	$0
GEORGE HARVICK JR	DIRECTOR	1.00	Director	$0	$0	$0
LACI BURNS	DIRECTOR	1.00	Director	$0	$0	$0
COREY WARE	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	$88,302	No data
2023	$218,972	$156,272	$88,302	$62,700