KAATSBAAN INTERNATIONAL DANCE CENT… - Form 990 Financial Data

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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

1991

Legal Domicile

Principal Officer

KEVIN MCKENZIE

Phone

8457575106

Tax Period

2023-01-01 to 2023-12-31

KAATSBAAN INTERNATIONAL DANCE CENTER INC, founded in 1991, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 22% operating deficit.

Mission

THE MISSION OF KAATSBAAN CULTURAL PARK IS TO PROVIDE AN EXTRAORDINARY ENVIRONMENT FOR CULTURAL INNOVATION AND EXCELLENCE. AS BOTH AN INCUBATOR FOR CREATIVITY AND PRESENTER FOR DIVERSE WORLD-CLASS ARTISTS IN DANCE, THEATER, MUSIC, FILM, POETRY, CULINARY, MEDIA, AND VISUAL ARTS, KAATSBAAN PROVIDES ARTISTS WITH STATE-OF-THE-ART DANCE STUDIOS, ACCOMMODATIONS, AN INDOOR THEATER, AND TWO OUTDOOR STAGES. SITTING ON 153 HUDSON RIVER- ADJACENT ACRES, KAATSBAAN IS FREE OF URBAN FACILITIES' SPACE AND TIME CONSTRAINTS, ALLOWING FOR EXCITING LEVELS OF ARTISTIC EXPLORATION, CREATIVE ACTION, AND ACHIEVEMENT - JUST TWO HOURS NORTH OF NEW YORK CITY.

Program Service Accomplishments

Program 1

Expenses: $1,393,566 Revenue: $913,047

KAATSBAAN CONDUCTED VARIOUS SHOWS, WORKSHOPS, EVENTS AND PERFORMANCES TO PROMOTE ITS MISSION OF BEING AN INTERNATIONAL DANCE CENTER DEDICATED TO THE GROWTH, ADVANCEMENT AND PRESERVATION OF...

KAATSBAAN CONDUCTED VARIOUS SHOWS, WORKSHOPS, EVENTS AND PERFORMANCES TO PROMOTE ITS MISSION OF BEING AN INTERNATIONAL DANCE CENTER DEDICATED TO THE GROWTH, ADVANCEMENT AND PRESERVATION OF PROFESSIONAL DANCE.

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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 $385,704

Program Service Revenue $913,047

Investment Income $941

Other Revenue $11,247

TOTAL REVENUE $1,310,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $599,231

Fundraising Expenses $70,200

Program Expenses $1,393,566

Other Expenses $1,005,609

TOTAL EXPENSES $1,604,840

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,310,939	$1,499,038	-0.1%
Expenses	$1,604,840	$1,599,352	+0.0%
Net Income	$-293,901	$-100,314	+1.9%

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

$86,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN MCKENZIE	CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN GREENE	TREASURER	1.00	Officer Director	$0	$0	$0
SIOUX LOGAN	SECRETARY	1.00	Officer Director	$0	$0	$0
HILLARY GREENE	TRUSTEE	1.00	Director	$0	$0	$0
SONJA KOSTICH	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA REED	MANAGING DIR	40.00	Director	$85,000	$1,000	$86,000
MARTINE VAN HAMEL	EMERITUS TRU	N/A	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
2024	No data	No data	No data	No data
2023	$1,310,939	$1,604,840	$2,668,261	$-293,901
2022	$1,499,038	$1,599,352	$2,891,456	$-100,314
2021	$1,601,121	$1,383,261	$2,917,016	$217,860
2020	$1,337,676	$1,090,562	$2,557,494	$247,114
2019	$1,168,890	$1,198,025	$2,583,884	$-29,135
2018	$1,541,693	$1,227,413	$2,650,003	$314,280

KAATSBAAN INTERNATIONAL DANCE CENTER INC