PURELEMENTS AN EVOLUTION IN DANCE INC (EIN 205332584) - 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

2008

Legal Domicile

Principal Officer

KEVIN JOSEPH

Phone

3475338933

Tax Period

2024-07-01 to 2025-06-30

PURELEMENTS AN EVOLUTION IN DANCE INC, founded in 2008, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 16% operating deficit.

Mission

Offer a forum for fundamental dance instruction, social contracts within the dance community, and performance enhancements of participants.

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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 $1,590,333

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,590,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,297,450

Fundraising Expenses $27,298

Program Expenses $1,380,684

Other Expenses $543,474

TOTAL EXPENSES $1,840,924

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,590,333	$1,936,193	-0.2%
Expenses	$1,840,924	$1,931,289	0.0%
Net Income	$-250,591	$4,904	-52.1%

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

145

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

$128,349

Total Directors

$128,349

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN JOSEPH	CO-EXEUTIVE EXECUTIVE DIRECTOR	40.00	Officer Director	$89,542	$0	$89,542
LAKAI WORRELL	CO-EXEUTIVE EXECUTIVE DIRECTOR	40.00	Officer Director	$38,807	$0	$38,807
CATHERINE GREEN	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
ANGELLA GFATOU GITTENS	VICE PRESIDENT	5.00	Officer 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	$1,590,333	$1,840,924	$1,690,278	$-250,591
2024	$1,936,193	$1,931,289	$1,404,648	$4,904
2023	$3,502,976	$3,026,117	$580,754	$476,859
2022	$2,811,015	$3,137,128	$557,294	$-326,113
2021	$2,009,900	$2,389,560	$717,420	$-379,660
2021	$1,928,061	$2,332,239	$840,800	$-404,178
2020	$2,389,049	$2,421,660	$1,096,924	$-32,611
2019	$2,707,557	$2,487,746	$729,128	$219,811

PURELEMENTS AN EVOLUTION IN DANCE INC