TAPOLOGY 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

2006

Legal Domicile

Principal Officer

ALFRED BRUCE BRADLEY

Tax Period

2023-01-01 to 2023-12-31

TAPOLOGY INC, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $400K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $388K left a modest 3% surplus.

Mission

TO PRESERVE AND PROMOTE THE ART OF DANCE THROUGH PERFORMANCE EDUCATION AND COMMUNITY OUTREACH.

Program Service Accomplishments

Program 1

Expenses: $105,845

MANAGEMENT FEES FOR SERVICES/OTHER PROFESSIONAL ARTIST FEES AND OTHER PROFESSIONAL SERVICES. PROFESSIONAL SERVICES ARE PROVIDED BY INDEPENDENT CONTRACTORS DURING THE TAPOLOGY FESTIVAL SUCH AS...

MANAGEMENT FEES FOR SERVICES/OTHER PROFESSIONAL ARTIST FEES AND OTHER PROFESSIONAL SERVICES. PROFESSIONAL SERVICES ARE PROVIDED BY INDEPENDENT CONTRACTORS DURING THE TAPOLOGY FESTIVAL SUCH AS MUSICIANS AND STAGE AND SOUND TECHNICIANS. PROFESSIONAL TAP DANCERS FEES FOR SERVICES/OTHER PROFESSIONAL ARTIST FEES AND OTHER PROFESSIONAL SERVICES. PROFESSIONAL SERVICES ARE PROVIDED BY INDEPENDENT CONTRACTORS DURING THE TAPOLOGY FESTIVAL SUCH AS MUSICIANS AND STAGE AND SOUND TECHNICIANS. PROFESSIONAL TAP DANCERS FROM AROUND THE COUNTRY PROVIDE TAP INTENSIVE TRAINING DURING A FOUR DAY FESTIVAL OF TAP. FESTIVAL CLASSES PROVIDE BEGINNERS THROUGH EXPERIENCED DANCERS THE OPPORTUNITY TO STUDY AND IMPROVE THEIR TAP TECHNIQUE AND LEARN CHOREOGRAPHY FROM FAMOUS TAP DANCE LEGENDS. TAP FESTIVAL CLASSES ARE TAUGHT BY THE GUESTS TAP DANCE LEGENDS AND LOCAL PROFESSIONALS.

Program 2

Expenses: $99,658

TRAVEL ROOM AND BOARD AND PERDIEM FOR DANCE PROFESSIONALS TO TEACH AND PERFORM AT THE SUMMER TAP INTENSIVE FESTIVAL AND THE ANNUAL TAPOLOGY 4 DAY FESTIVAL HELD IN FLINT. OTHER TRAVEL IS LOCAL ARTISTS AND EXECUTIVE TRAVEL TO OTHER LOCATIONS FOR TAP DANCE FESTIVALS, CONFERENCES, AND PERFORMANCES.

Program 3

Expenses: $18,549

VIRTUAL LEARNING EXPENDITURES SUCH AS COMPUTERS, ZOOM, INTERNET TECHNOLOGY, VIRTUAL PLATFORM,OFFICE EXPENSES, ADVERTISING, COSTUMES, AWARDS, OUTREACH, EQUIPMENT RENTAL ALL EXPENSES INCURRED TO...

VIRTUAL LEARNING EXPENDITURES SUCH AS COMPUTERS, ZOOM, INTERNET TECHNOLOGY, VIRTUAL PLATFORM,OFFICE EXPENSES, ADVERTISING, COSTUMES, AWARDS, OUTREACH, EQUIPMENT RENTAL ALL EXPENSES INCURRED TO DELIVER THE PROGRAM SERVICES AND TAPOLOGY FESTIVAL INCLUDING ADVERTISING, OFFICE EXPENSES AND SPACE RENTAL FOR CLASSES

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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 $354,642

Program Service Revenue $43,271

Investment Income $0

Other Revenue $1,700

TOTAL REVENUE $399,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,107

Fundraising Expenses $0

Program Expenses $298,372

Other Expenses $356,415

TOTAL EXPENSES $387,522

Year-over-Year Comparison

	2023	2022	Change
Revenue	$399,613	$342,706	+0.2%
Expenses	$387,522	$329,203	+0.2%
Net Income	$12,091	$13,503	-0.1%

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

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
PHYLLIS SYKES	DIRECTOR	0.00	Director	$0	$0	$0
PHILLIP SCHMITTER	DIRECTOR	0.00	Director	$0	$0	$0
GREGORY TIMMONS	DIRECTOR	0.00	Director	$0	$0	$0
JASON ROGERS	SECRETARY	2.00	Director	$0	$0	$0
ALFRED BRUCE BRADLEY	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0
DANIEL MUJAHID	TREASURER	5.00	Officer Director	$0	$0	$0
KAREN LOPEZ	PRESIDENT	4.00	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
2024	No data	No data	No data	No data
2023	$399,613	$387,522	$40,942	$12,091
2022	$342,706	$329,203	$60,623	$13,503
2021	$278,965	$405,430	$43,328	$-126,465
2020	$261,644	$309,906	$180,455	$-48,262
2019	$357,515	$325,527	$63,015	$31,988
2018	$348,970	$332,676	$35,195	$16,294