RED CLAY DANCE COMPANY 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

2009

Legal Domicile

Principal Officer

VERSHAWN SANDERS-WARD

Phone

7736248411

Tax Period

2023-07-01 to 2024-06-30

RED CLAY DANCE COMPANY INC, founded in 2009, is a small nonprofit that reported $839K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 63% operating deficit.

Mission

Red Clay Dance Company is a Black, female-led, 501 (c)(3) tax exempt for-purpose organization that awakens "Glocal" Artivism through creating, performing, and teaching dances of the African Diaspora. Change that transforms socio-economic and cultural imbalances in our local and global community.

Program Service Accomplishments

Program 1

Expenses: $435,931 Revenue: $141,931

The Community Engagement and Education Department, consists of our signature Making the Artivist Apprenticeship Program , School/Community Education Partnerships and Corporate Workshops. Through...

The Community Engagement and Education Department, consists of our signature Making the Artivist Apprenticeship Program , School/Community Education Partnerships and Corporate Workshops. Through these programs the organization reaches more than 2,500 Chicago students and 4,000 individuals and families annually. The program participants develop their dance and artivism skills while also building community in an engaging environment.

Program 2

Expenses: $426,538 Revenue: $7,250

The Professional Touring Company is Chicago's premier Afro-Contemporary dance company. It is a 9-member member ensemble that tours and performs locally, nationally and internationally. The...

The Professional Touring Company is Chicago's premier Afro-Contemporary dance company. It is a 9-member member ensemble that tours and performs locally, nationally and internationally. The choreographic work is designed by its Artistic Director and guest choreographers. The company also provides master classes and workshops while on tour as well as an annual Black History Month School matinee for local schools.

Program 3

Expenses: $99,906

The Making The Artivist program is a project-based, paid apprenticeship for youth ages 16-22 teaching them to active personal agency, analyze systems within a community and identify possible...

The Making The Artivist program is a project-based, paid apprenticeship for youth ages 16-22 teaching them to active personal agency, analyze systems within a community and identify possible solutions to social challenges through art making.

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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 $689,218

Program Service Revenue $149,181

Investment Income $107

Other Revenue $910

TOTAL REVENUE $839,416

Expense Breakdown

Grants Paid $0

Salaries & Benefits $768,195

Fundraising Expenses $64,147

Program Expenses $962,375

Other Expenses $601,036

TOTAL EXPENSES $1,369,231

Year-over-Year Comparison

	2023	2022	Change
Revenue	$839,416	$953,187	-0.1%
Expenses	$1,369,231	$1,117,851	+0.2%
Net Income	$-529,815	$-164,664	+2.2%

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

$67,894

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VERSHAWN SANDERS-WARD	CEO	40.00	Officer	$67,894	$0	$67,894
CATRINA FRANKLIN	Chair	2.00	Officer Director	$0	$0	$0
YEWANDE MADUEKWE	Vice Chair	2.00	Officer Director	$0	$0	$0
ANN CARTER	Treasurer	2.00	Officer Director	$0	$0	$0
LOLA ENIOLORUNDA	Secretary	2.00	Officer Director	$0	$0	$0
SARA COLEMAN	Director	2.00	Director	$0	$0	$0
LAKESHA LUNDRY	Director	2.00	Director	$0	$0	$0
ANDRE GILL	Director	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
2024	$839,416	$1,369,231	$563,674	$-529,815
2023	$953,187	$1,117,851	$1,095,061	$-164,664
2022	$1,562,748	$952,500	$1,156,212	$610,248
2021	$422,393	$439,342	$513,253	$-16,949
2020	$413,800	$412,449	$94,533	$1,351
2019	$277,015	$263,075	$25,833	$13,940