Royal Academy of Dance

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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

Principal Officer

Darcey Bussell

Phone

4147479060

Tax Period

2023-08-01 to 2024-07-31

Royal Academy of Dance is a small nonprofit in the Arts, Culture & Humanities sector that reported $561K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

To promote knowledge, understanding and practice of dance internationally.

Program Service Accomplishments

Program 1

Expenses: $282,841 Revenue: $534,908

Promotion, knowledge, understanding and practice of dance internationally through educating and training students and teachers and providing examinations to reward achievement.

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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 $150

Program Service Revenue $534,908

Investment Income $3,218

Other Revenue $22,813

TOTAL REVENUE $561,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,045

Fundraising Expenses $0

Program Expenses $282,841

Other Expenses $415,089

TOTAL EXPENSES $554,134

Year-over-Year Comparison

	2023	2022	Change
Revenue	$561,089	$516,024	+0.1%
Expenses	$554,134	$476,453	+0.2%
Net Income	$6,955	$39,571	-0.8%

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

12087

Employees

Volunteers

N/A

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
Tim Arthur	CEO	40.00	Officer Director	$0	$0	$0
Alexander Campbell	Artistic Dir	40.00	Officer Director	$0	$0	$0
Penny Cotton	Membership Dir	40.00	Officer Director	$0	$0	$0
Michelle Groves	Dir of Edu	40.00	Director	$0	$0	$0
Susi Pink	Dir. Marketing	40.00	Director	$0	$0	$0
Renu Randhawa	Dir of Finance	40.00	Director	$0	$0	$0
Mary Keene	Dir Examination	40.00	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
2025	No data	No data	No data	No data
2024	$561,089	$554,134	$325,646	$6,955
2023	$516,024	$476,453	$219,563	$39,571
2022	$544,618	$459,257	$359,611	$85,361
2021	$318,264	$315,061	$230,964	$3,203
2020	$467,309	$492,013	$210,481	$-24,704
2019	$637,557	$647,798	$202,511	$-10,241