DANCE WORKS INC (EIN 237426261) - 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

1974

Legal Domicile

Principal Officer

FELICIA ROSENFELD

Phone

2122788111

Tax Period

2023-07-01 to 2024-06-30

DANCE WORKS INC, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE ORGANIZATION SERVES THE PERFORMING ARTS COMMUNITY BY PROVIDING ARTISTS WITH THE ADMINISTRATIVE SUPPORT THEY NEED TO FULFILL THEIR ARTISTIC VISIONS AND DEVELOP WIDER AUDIENCES.

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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 $200,907

Program Service Revenue $853,922

Investment Income $4,134

Other Revenue $9,718

TOTAL REVENUE $1,068,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $768,032

Fundraising Expenses $49,355

Program Expenses $1,036,382

Other Expenses $484,290

TOTAL EXPENSES $1,252,322

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,068,681	$1,144,838	-0.1%
Expenses	$1,252,322	$1,285,012	0.0%
Net Income	$-183,641	$-140,174	+0.3%

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

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

$124,943

Total Directors

$124,943

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLARISSA SOTO	EXECUTIVE DIRECTOR (RESIGNED MARCH 14, 2024)	40.00	Officer Director	$114,413	$10,530	$124,943
MARA GREENBERG	FORMER BOARD MEMBER	40.00		$78,485	$4,442	$82,927
FELICIA ROSENFELD	PRESIDENT/INTERIM EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0
MARILYN PECK FRANCESCON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
STEFI GEORGE	TREASURER	1.00	Officer Director	$0	$0	$0
MARGARET WAGNER DAHL	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES PIERRE-LOUIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXANDRA KNOWLES	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANE DURET	BOARD MEMBER	1.00	Director	$0	$0	$0
NOAH ROSENFIELD	BOARD MEMBER (RESIGNED ON DECEMBER 12, 2023)	1.00	Director	$0	$0	$0
MATTHEW HEGGEM	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEY CALHOUN	BOARD MEMBER (RESIGNED ON JUNE 26, 2024)	1.00	Director	$0	$0	$0
ROBIN CAROL	BOARD MEMBER	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
2025	No data	No data	No data	No data
2024	$1,068,681	$1,252,322	$337,251	$-183,641
2023	$1,144,838	$1,285,012	$587,830	$-140,174
2022	$1,217,812	$1,100,478	$635,709	$117,334
2021	$1,018,581	$1,055,194	$674,267	$-36,613
2020	$1,153,055	$866,867	$637,427	$286,188
2019	$804,662	$819,100	$275,218	$-14,438

DANCE WORKS INC