CENTER FOR THE LIVING ARTS (EIN 953073718) - 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

1976

Legal Domicile

Principal Officer

ARMAND VOLKAS

Phone

5105955500

Tax Period

2023-08-01 to 2024-07-31

CENTER FOR THE LIVING ARTS, founded in 1976, is a micro nonprofit that reported $54K in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $61K exceeded revenue, resulting in a 12% operating deficit.

Mission

DEDICATED TO THE USE OF DRAMA THERAPY AND THE CREATIVE ARTS AS TOOLS FOR SOCIAL CHANGE AND PERSONAL GROWTH. COMMUNITY-BASED WORKSHOPS, THERAPEUTIC GROUPS, DRAMA & EXPRESSIVE ARTS THERAPY TRAINING, & PSYCHOTHERAPY SERVICES.

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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 $10,515

Program Service Revenue $43,321

Investment Income $54

Other Revenue $0

TOTAL REVENUE $53,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $655

Fundraising Expenses $0

Program Expenses $45,739

Other Expenses $59,893

TOTAL EXPENSES $60,548

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,890	$171,504	-0.7%
Expenses	$60,548	$161,416	-0.6%
Net Income	$-6,658	$10,088	-1.7%

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
ARMAND VOLKAS	CEO	40.00	Officer Director	$0	$0	$0
CHRISTINE KALB	TREASURER	4.00	Officer Director	$0	$0	$0
MERRY ROSS	SECRETARY	4.00	Officer 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	$53,890	$60,548	$127,200	$-6,658
2023	$171,504	$161,416	$134,312	$10,088
2022	$320,582	$301,322	$124,067	$19,260
2021	$305,127	$350,767	$89,415	$-45,640
2020	$284,835	$266,600	$135,360	$18,235
2019	$267,351	$238,650	$93,801	$28,701
2018	$208,039	$215,838	$65,499	$-7,799

CENTER FOR THE LIVING ARTS