Versa-Style Dance Company (EIN 273159848) - 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

2010

Legal Domicile

Principal Officer

Leigh Foaad

Phone

8186423778

Tax Period

2024-01-01 to 2024-12-31

Versa-Style Dance Company, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $964K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year.

Mission

VersaStyle danced at regional Hip Hop festivals conducted workshops and dance classes produced dance shows and festivals for the public

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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 $486,101

Program Service Revenue $464,652

Investment Income $13,555

Other Revenue $0

TOTAL REVENUE $964,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $656,700

Fundraising Expenses $8,718

Program Expenses $673,764

Other Expenses $312,357

TOTAL EXPENSES $969,057

Year-over-Year Comparison

	2024	2023	Change
Revenue	$964,308	$1,201,184	-0.2%
Expenses	$969,057	$814,613	+0.2%
Net Income	$-4,749	$386,571	-1.0%

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

$165,611

Total Directors

$165,611

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEIGH FOAAD	SecretaryTreasurer	40.00	Officer Director	$93,036	$0	$93,036
JACKELYN LOPEZ-FOAAD	President	30.00	Officer Director	$72,575	$0	$72,575
EDWARD VANDENBERG	Director	5.00	Director	$0	$0	$0
MUNIR DAOUD-SULEIMAN	Director	10.00	Director	$0	$0	$0
NABIL SULEIMAN	Director	5.00	Director	$0	$0	$0
MICHELE KUMI BEAR	Director	10.00	Director	$0	$0	$0
CAROLYN MCKNIGHT	Director	10.00	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
2024	$964,308	$969,057	$839,984	$-4,749
2023	$1,201,184	$814,613	$819,583	$386,571
2022	$923,803	$676,498	$436,502	$247,305
2021	$413,475	$328,104	$172,216	$85,371
2020	$207,830	$164,705	$73,322	$43,125
2019	$283,562	$266,916	$23,752	$16,646
2018	$123,874	$277,371	$7,122	$-153,497

Versa-Style Dance Company