NATIONAL MUSEUM OF DANCE

EIN: 222683076 501(c)(3) Arts, Culture & Humanities

SARATOGA SPRINGS, NY

Total Revenue
$513,141
Total Expenses
$398,397
Total Assets
$395,579
Net Assets
$372,033
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NY
Principal Officer
MICHELE RIGGI
Phone
5185842225
Tax Period
2021-01-01 to 2021-12-31

NATIONAL MUSEUM OF DANCE, founded in 1984, is a small nonprofit in the Arts, Culture & Humanities sector that reported $513K in total revenue in fiscal year 2021. Revenue surged 146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $115K, a strong 22% operating margin.

Mission

TO CULTIVATE AT LARGE, THE APPRECIATION, UNDERSTANDING, TASTE AND LOVE OF DANCE AND ITS HISTORY AND TO PROVIDE THE MEANS FOR POPULAR INSTRUCTION AND ENJOYMENT THEREOF. IN AUGUST OF 2021 STRUCTURAL DEFICIENCIES WERE FOUND IN THE BUILDING THAT HOUSES THE MUSEUM. AS A RESULT, THE MUSEUM HAS BEN FORCED TO TEMPORARILY CLOSE PENDING REPAIRS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $295,720
Program Service Revenue $0
Investment Income $81
Other Revenue $217,340
TOTAL REVENUE $513,141

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,522
Fundraising Expenses $0
Program Expenses $302,415
Other Expenses $361,875
TOTAL EXPENSES $398,397

Year-over-Year Comparison

2021 2020 Change
Revenue $513,141 $208,705 +1.5%
Expenses $398,397 $422,463 -0.1%
Net Income $114,744 $-213,758 -1.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
25

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELE RIGGI PRESIDENT 1.00
Officer Director
$0 $0 $0
ANTHONY IANNIELLO TREASURER 1.00
Officer Director
$0 $0 $0
EILEEN GUARINO SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN WITT DIRECTOR 1.00
Director
$0 $0 $0
CAROL SWYER DIRECTOR 1.00
Director
$0 $0 $0
SAFWAT GERGES DIRECTOR 1.00
Director
$0 $0 $0
RONALD RIGGI 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
2021 $513,141 $398,397 $395,579 $114,744
2020 $208,705 $422,463 $562,390 $-213,758
2019 $690,622 $1,021,537 $828,963 $-330,915
2018 $659,056 $947,800 $1,106,676 $-288,744
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