FIDALGO DANCEWORKS

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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

2008

Legal Domicile

Principal Officer

MELISSA TURNAGE

Phone

3602998447

Tax Period

2024-07-01 to 2025-06-30

FIDALGO DANCEWORKS, founded in 2008, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 134% from the prior year, signaling strong growth momentum. The organization ran a surplus of $584K, a strong 53% operating margin.

Mission

TO PROVIDE EXCELLENCE IN DANCE EDUCATION AND PERFORMANCE FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $423,299 Revenue: $475,564

FIDALGO DANCEWORKS PROVIDES DANCE INSTRUCTION AND PERFORMANCE OPPORTUNITIES TO STUDENTS FROM OUR LOCAL COMMUNITY, REGARDLESS OF SEX, RACE, CREED, AGE, RELIGIOUS BELIEF OR PHYSICAL CHALLENGE.

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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 $574,555

Program Service Revenue $475,563

Investment Income $18,743

Other Revenue $36,775

TOTAL REVENUE $1,105,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $325,603

Fundraising Expenses $12,590

Program Expenses $423,299

Other Expenses $195,664

TOTAL EXPENSES $521,267

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,105,636	$472,964	+1.3%
Expenses	$521,267	$457,821	+0.1%
Net Income	$584,369	$15,143	+37.6%

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

120

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

$131,816

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSETTE CURTIS	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHERIS GOYER	SECRETARY	2.00	Officer Director	$0	$0	$0
MALLORY KIDDER	TREASURER	2.00	Officer Director	$0	$0	$0
THERESA DIEKMAN	DIRECTOR	1.00	Director	$0	$0	$0
KIMARIE HENNING	DIRECTOR	1.00	Director	$0	$0	$0
JULIE KASPER	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE QUINN	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA TURNAGE	EXECUTIVE DIRECTOR	40.00	Officer	$72,920	$0	$72,920
LINDA JOHNSTON	ARTISTIC DIRECTOR	40.00	Officer	$58,896	$0	$58,896

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	$1,105,636	$521,267	$3,085,673	$584,369
2024	$472,964	$457,821	$480,613	$15,143
2023	$434,171	$356,534	$460,137	$77,637
2022	$431,486	$361,284	$381,878	$70,202
2021	$324,582	$284,370	$306,732	$40,212
2020	$319,042	$286,599	$303,571	$32,443
2019	$383,535	$319,947	$239,948	$63,588
2018	$406,134	$344,287	$193,274	$61,847