Absolutely. It's a simple format, and often simple is best. Particularly if you don't have a lot of professional credits.
Bear mentions putting the director's name on the resume, which is a good idea if the director is at least somewhat well-known in the industry. "Mrs. McGillicuddy" who directed your high schoo production of Our Town probably won't carry much weight, but if you were directed by, say, Larry Raben in Forever Plaid that would be good to list. Even though his is not a household name, he has a long professional association with the show, and might be recognized by a casting director.
Most importantly, as has been stated here before, DO NOT LIE! Don't even stretch the truth. Your body of work is your body of work and you should be proud of it as it is.
A photo is, in the industry, a professional necessity. Snapshots are almost never acceptable, it definitely pays to have a professional photographer do some good headshots. The ol' 8 X 10 black-and-white glossy is the standard here. On mine (printed version) I include my name and contact information printed right on the photo, in case it should get separated from my resume. I usually staple the headshot/resume together, although on some occasions I have printed the resume on the back of the photo itself.