LUBOVITCH DANCE FOUNDATION 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

1968

Legal Domicile

Principal Officer

RICHARD J CAPLES

Phone

2122217909

Tax Period

2023-07-01 to 2024-06-30

LUBOVITCH DANCE FOUNDATION INC, founded in 1968, is a small nonprofit in the Arts, Culture & Humanities sector that reported $173K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $277K exceeded revenue, resulting in a 60% operating deficit.

Mission

CREATION, TEACHING AND PERFORMANCE OF CONTEMPORARY DANCE

Program Service Accomplishments

Program 1

Expenses: $201,801 Revenue: $50,687

THE PROGRAM WAS ESTABLISHED IN 1968 TO REALIZE THE ARTISTIC VISION OF LAR LUBOVITCH. OVER THE PAST 56 YEARS IT HAS GAINED AN INTERNATIONAL REPUTATION AS ONE OF AMERICAS TOP-RANKED DANCE COMPANIES...

THE PROGRAM WAS ESTABLISHED IN 1968 TO REALIZE THE ARTISTIC VISION OF LAR LUBOVITCH. OVER THE PAST 56 YEARS IT HAS GAINED AN INTERNATIONAL REPUTATION AS ONE OF AMERICAS TOP-RANKED DANCE COMPANIES CELEBRATED FOR BOTH ITS CHOREOGRAPHIC EXCELLENCE AND ITS UNSURPASSED DANCING. IT HAS CREATED MORE THAN 120 ORIGINAL DANCES BY LAR LUBOVITCH, AND HAS PERFORMED FOR MILLIONS OF AUDIENCE MEMBERS ACROSS THE US AND IN MORE THAN 40 OTHER COUNTRIES AROUND THE WORLD. THE COMPANYS PRINCIPAL PROGRAMS ARE: CREATING, PERFORMING (AT HOME IN NYC AND ON TOUR), FACILITATING PERFORMANCES OF OUR WORKS BY OTHER COMPANIES, PRESENTING OTHER COMPANIES PERFORMING THEIR OWN WORKS AND TEACHING. THE COMPANYS WORK HAS BEEN HONORED WITH VIRTUALLY EVERY MAJOR DANCE AWARD.

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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 $120,885

Program Service Revenue $50,687

Investment Income $3,813

Other Revenue $-2,527

TOTAL REVENUE $172,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,706

Fundraising Expenses $23,293

Program Expenses $201,801

Other Expenses $90,597

TOTAL EXPENSES $277,303

Year-over-Year Comparison

	2023	2022	Change
Revenue	$172,858	$291,846	-0.4%
Expenses	$277,303	$314,117	-0.1%
Net Income	$-104,445	$-22,271	+3.7%

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

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

$90,860

Total Directors