AK FOUNDATION FOR DANCE 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

2007

Legal Domicile

Principal Officer

JOHN LUCKACOVIC

Phone

5188753000

Tax Period

2023-01-01 to 2023-12-31

AK FOUNDATION FOR DANCE INC, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $871K in total revenue in fiscal year 2023. Revenue surged 522% from the prior year, signaling strong growth momentum. Expenses of $826K left a modest 5% surplus.

Mission

AK FOUNDATION FOR DANCE INC. BEGAN PLANNING TO PRESENT AND/OR PRODUCE RESIDENCIES INCLUDING PERFORMANCES, WORKSHOPS AND OTHER EDUCATION OUTREACH ACTIVITIES OF PERFORMING ARTS GROUPS INCLUDING A 2023 TOUR OF AKRAM KHAN COMPANY FROM THE UK AND 2024 TOUR OF YANG LIPING FROM CHINA. THE VENUES WERE PRIMARLY MAJOR UNIVERSITIES AND PERFORMING ARTS CENTERS.

Program Service Accomplishments

Program 1

Expenses: $824,321 Revenue: $870,690

AK FOUNDATION FOR DANCE INC PRESENTED AND/OR PRODUCED A SERIES OF RESIDENCIES INCLUDING PROFORMANCES, WORKSHOPS AND OTHER EDUCTION OUTREACH ACTIVITIES OF PERFORMING ARTS GROUPS INCLUDING THE AKRAM...

AK FOUNDATION FOR DANCE INC PRESENTED AND/OR PRODUCED A SERIES OF RESIDENCIES INCLUDING PROFORMANCES, WORKSHOPS AND OTHER EDUCTION OUTREACH ACTIVITIES OF PERFORMING ARTS GROUPS INCLUDING THE AKRAM KHAN COMPANY AND ROSIE KAY DANCE COMPANY BOTH FROM UK AND YANG LIPING TOUR FROM CHINA. THE VENUES WERE PRIMARILY MAJOR UNIVERSITIES AND PERFORMING ARTS CENTERS.

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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 $0

Program Service Revenue $870,690

Investment Income $0

Other Revenue $0

TOTAL REVENUE $870,690

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $824,321

Other Expenses $826,465

TOTAL EXPENSES $826,465

Year-over-Year Comparison

	2023	2022	Change
Revenue	$870,690	$140,000	+5.2%
Expenses	$826,465	$56,823	+13.5%
Net Income	$44,225	$83,177	-0.5%

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

N/A

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
MICHAEL BLACHLY	SECRETARY/DI	4.00	Officer Director	$0	$0	$0
JOHN LUCKACOVIC	PRES/TREAS/D	8.00	Officer Director	$0	$0	$0
MAYA MILENOVIC WORKMAN	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$870,690	$826,465	$852,588	$44,225
2022	$140,000	$56,823	$263,242	$83,177
2021	$163,750	$40,104	$345,350	$123,646
2020	$85,633	$215,164	$186,704	$-129,531
2019	$303,455	$349,848	$268,035	$-46,393
2018	$779,605	$626,909	$380,428	$152,696