Dancewave Inc (EIN 112726558) - 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

1985

Legal Domicile

Principal Officer

Nicole Touzien

Phone

7185224696

Tax Period

2023-07-01 to 2024-06-30

Dancewave Inc, founded in 1985, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

Dancewave, Inc. is a nonprofit arts organization that transforms the lives of New York City youth through unique exposure to world-class, pre-professional performing arts training.

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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 $514,785

Program Service Revenue $502,998

Investment Income $19,339

Other Revenue $80,733

TOTAL REVENUE $1,117,855

Expense Breakdown

Grants Paid $44,980

Salaries & Benefits $833,875

Fundraising Expenses $38,838

Program Expenses $895,974

Other Expenses $217,477

TOTAL EXPENSES $1,096,332

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,117,855	$1,192,736	-0.1%
Expenses	$1,096,332	$1,212,199	-0.1%
Net Income	$21,523	$-19,463	-2.1%

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

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
Nicole Touzien	Executive Director	40.00		$85,027	$4,975	$90,002
Vanessa Williams	Board Vice Chai	1.00	Officer Director	$0	$0	$0
Kinjal Parekh	Secretary	1.00	Officer Director	$0	$0	$0
Nicole Best	Board member	1.00	Director	$0	$0	$0
Todd Spillane	Board Chair	1.00	Officer Director	$0	$0	$0
Tiffany Mellard	Board member	1.00	Director	$0	$0	$0
Dagmar Nedbal	Board member	1.00	Director	$0	$0	$0
Livia Reuss	Board member	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
2025	No data	No data	No data	No data
2024	$1,117,855	$1,096,332	$2,129,696	$21,523
2023	$1,192,736	$1,212,199	$2,168,019	$-19,463
2022	$1,298,946	$1,030,911	$1,261,386	$268,035
2021	$1,026,565	$852,902	$1,086,739	$173,663
2020	$1,125,224	$1,080,552	$897,757	$44,672
2019	$1,197,552	$1,187,871	$514,613	$9,681
2018	$1,025,614	$1,194,101	$450,634	$-168,487

Dancewave Inc