INLET DANCE THEATRE (EIN 260007578) - 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

2001

Legal Domicile

Principal Officer

William Wade

Phone

2163861547

Tax Period

2024-09-01 to 2025-08-31

INLET DANCE THEATRE, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $383K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $447K exceeded revenue, resulting in a 17% operating deficit.

Mission

Creating and performing innovative dance theatre at a high level of artistry,speaking creatively about human life issues, and bringing about personal development in the lives of individuals through training and mentoring in the realm of dance.

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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 (2024)

Revenue Breakdown

Contributions & Grants $231,455

Program Service Revenue $137,276

Investment Income $475

Other Revenue $14,158

TOTAL REVENUE $383,364

Expense Breakdown

Grants Paid $0

Salaries & Benefits $240,651

Fundraising Expenses $22,738

Program Expenses $255,108

Other Expenses $200,500

TOTAL EXPENSES $447,351

Year-over-Year Comparison

	2024	2023	Change
Revenue	$383,364	$455,443	-0.2%
Expenses	$447,351	$489,807	-0.1%
Net Income	$-63,987	$-34,364	+0.9%

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

$62,100

Total Directors

$62,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Wade	ExecutiveArtistic Director	50.00	Officer Director	$62,100	$0	$62,100
Adam Tama	Trustee	1.00	Officer Director	$0	$0	$0
Cala Henderson	Trustee	2.00	Officer Director	$0	$0	$0
Kathy Pierce	Trustee	1.00	Director	$0	$0	$0
Andrea Villalon	Trustee	1.00	Director	$0	$0	$0
Dee Driscoll	Trustee	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	$383,364	$447,351	$391,331	$-63,987
2024	$455,443	$489,807	$502,025	$-34,364
2023	$397,414	$457,514	$567,911	$-60,100
2022	$581,817	$447,570	$671,102	$134,247
2021	$347,459	$345,707	$569,856	$1,752
2020	$369,243	$342,943	$142,360	$26,300
2019	$302,261	$316,482	$92,850	$-14,221

INLET DANCE THEATRE