Actors Theatre of Louisville Inc

What it reported doing in 2024

Actors theatre of louisville unlocks human potential, builds community, and enriches quality of life by engaging people in theatre that reflects the wonder and complexity of our time. Actors theatre of louisville was formed in 1964 with the merging of actors, inc. And theatre louisville. The theatre established a complex in the original bank of louisville building (the third-oldest building still standing in downtown louisville), and still occupies this building with three fully operating theatre venues.throughout its history, actors theatre of louisville has led the way in artistic innovation and expression, which has resulted in the theatre receiving the three most prestigious awards given to regional theatres: the margo jones award, the shubert foundation's james n. Vaughan memorial award, and a tony award. Actors theatre of louisville primarily serves louisville, ky as well as southern Indiana and seeks to celebrate and serve our region as the state theatre of Kentucky.this season we featured several fully produced productions including dracula, flex, and hershel and the hanukkah goblins. Education and community engagement initiatives are integral to actors theatre of louisville and the organization offers student matinees, in-school residencies, and a series of lifelong learning and engagement offerings. As an arts and culture service organization, actors theatre of louisville seeks to be a place of belonging supporting the well being and full flourishing of all.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 77.2%; rating input score 77
• Fundraising efficiency: $2.94 raised per $1 spent on fundraising; rating input score 8; 8th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -106.6%; rating input score 1; 1st percentile among comparable filings
• Total-asset coverage ratio: 4.87; rating input score 83; 83rd percentile among comparable filings
• Liabilities to assets ratio: 0.06; rating input score 67; 67th percentile among comparable filings
• Officer compensation ratio: 3.9%; rating input score 61; 61st percentile among comparable filings

Growth

• Program expense growth: -9.5% per year; rating input score 0; 3rd percentile among comparable filings
• Revenue growth: -3.9% per year; rating input score 0; 4th percentile among comparable filings
• Asset growth: -1.2% per year; rating input score 0; 9th percentile among comparable filings