SPANISH DANCE ARTS CO INC (EIN 133286419) - 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

1983

Legal Domicile

Principal Officer

HANAAH BATES

Phone

2127364499

Tax Period

2024-07-01 to 2025-06-30

SPANISH DANCE ARTS CO INC, founded in 1983, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 12% surplus.

Mission

TO PROMOTE FLAMENCO AS A LIVING ART FORM AND A VITAL PART OF HISPANIC HERITAGE; PRODUCE QUALITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $778,097

Program Service Revenue $713,286

Investment Income $0

Other Revenue $90,348

TOTAL REVENUE $1,581,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $694,283

Fundraising Expenses $132,493

Program Expenses $968,122

Other Expenses $702,716

TOTAL EXPENSES $1,396,999

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,581,731	$1,121,174	+0.4%
Expenses	$1,396,999	$1,455,404	0.0%
Net Income	$184,732	$-334,230	-1.6%

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

$142,041

Total Directors

$60,583

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HANAAH BATES	EXECUTIVE DIRECTOR/CFO	40.00	Officer	$81,458	$0	$81,458
CARLOTA SANTANA	ARTISTIC DIRECTOR	40.00	Officer Director	$60,583	$0	$60,583
NELIDA LARA-GARDUNO	SECRETARY	2.00	Officer Director	$0	$0	$0
KEREM YAMAN	TREASURER	2.00	Officer Director	$0	$0	$0
HERNANDO RUIZ-JIMENEZ	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JOSE FERNANDEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
EMILY ALEJOS	BOARD MEMBER	2.00	Director	$0	$0	$0
JULA CHAMBERS	BOARD MEMBER	2.00	Director	$0	$0	$0
ANNIE KIM	BOARD MEMBER	2.00	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	$1,581,731	$1,396,999	$274,969	$184,732
2024	No data	No data	No data	No data
2023	$1,558,890	$1,937,016	$286,410	$-378,126
2022	$1,890,055	$1,728,193	$619,640	$161,862
2021	$868,073	$714,071	$538,742	$154,002
2020	$1,195,906	$1,062,386	$382,405	$133,520
2019	$972,639	$948,971	$147,253	$23,668
2018	$1,198,351	$1,177,699	$129,385	$20,652

SPANISH DANCE ARTS CO INC