KORESH DANCE COMPANY (EIN 232703616) - Form 990 Financial Analysis & Trantor Score

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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

1993

Legal Domicile

Principal Officer

STEVE LAZIN

Phone

2157510959

Tax Period

2023-01-01 to 2023-12-31

KORESH DANCE COMPANY, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 16% operating deficit.

Mission

PROMOTE DANCE AND DANCE EDUCATION TO THE COMMUNITY

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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 $419,592

Program Service Revenue $611,909

Investment Income $9

Other Revenue $0

TOTAL REVENUE $1,031,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $763,182

Fundraising Expenses $60,867

Program Expenses $817,032

Other Expenses $431,167

TOTAL EXPENSES $1,194,349

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,031,510	$1,303,501	-0.2%
Expenses	$1,194,349	$1,152,579	+0.0%
Net Income	$-162,839	$150,922	-2.1%

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

Total Directors

$129,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALON KORESH	EXECUTIVE DI	40.00	Director	$69,700	$0	$69,700
RONEN KORESH	ARTISTIC DIR	40.00	Director	$60,100	$0	$60,100
MICHELE BARBONE	BOARD MEMBER	1.00	Director	$0	$0	$0
LESLIE BAKER BORIS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOANNA CHAN	SECRETARY	1.00	Officer Director	$0	$0	$0
NIZA DAVIDSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW FRANKEL	TREASURER	1.00	Officer Director	$0	$0	$0
TONI ALPERIN GOLDBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE LAZIN	PRESIDENT	1.00	Officer 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	$1,031,510	$1,194,349	$2,110,861	$-162,839
2022	$1,303,501	$1,152,579	$2,320,630	$150,922
2021	$1,130,704	$910,325	$2,196,675	$220,379
2020	$931,335	$729,075	$2,029,886	$202,260
2019	$1,133,779	$1,127,486	$1,794,305	$6,293
2018	$1,081,436	$1,147,148	$1,786,201	$-65,712

KORESH DANCE COMPANY