AMERICAN DANCE AND MUSIC INC

EIN: 205657230 501(c)(3) Arts, Culture & Humanities

SANTA BARBARA, CA

Total Revenue
$244,305
Total Expenses
$213,122
Total Assets
$108,244
Net Assets
$85,514
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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
2006
Legal Domicile
CA
Principal Officer
CARRIE DIAMOND
Phone
8054507535
Tax Period
2023-06-01 to 2024-05-31

AMERICAN DANCE AND MUSIC INC, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $244K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $213K left a modest 13% surplus.

Mission

DANCE PERFORMANCE & INSTRUCTION FOR BEGINNERS TO PROFESSIONALS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $103,395
Program Service Revenue $140,421
Investment Income $489
Other Revenue $0
TOTAL REVENUE $244,305

Expense Breakdown

Grants Paid $0
Salaries & Benefits $73,534
Fundraising Expenses $5,237
Program Expenses $182,915
Other Expenses $139,588
TOTAL EXPENSES $213,122

Year-over-Year Comparison

2023 2022 Change
Revenue $244,305 $176,729 +0.4%
Expenses $213,122 $163,887 +0.3%
Net Income $31,183 $12,842 +1.4%
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

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Governance

Voting Members
7
Independent Members
7
Employees
3
Volunteers
15

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARRIE DIAMOND PRESIDENT 20.00
Officer Director
$0 $0 $0
ANNE OVADIA VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
EVIC VALINSKY SECRETARY 4.00
Officer Director
$0 $0 $0
JANET SPARGUR TREASURER 2.00
Officer Director
$0 $0 $0
ANNE MARIE BALASH DIRECTOR 1.00
Director
$0 $0 $0
TERRY KLEID DIRECTOR 1.00
Director
$0 $0 $0
HYLLA FISCHER 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 $244,305 $213,122 $108,244 $31,183
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