WEST CHESTER DANCE WORKS

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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

DIANE MATTHEWS

Phone

6106923398

Tax Period

2023-09-01 to 2024-08-31

WEST CHESTER DANCE WORKS, founded in 2001, is a small nonprofit in the Youth Development sector that reported $274K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $302K exceeded revenue, resulting in a 10% operating deficit.

Mission

IS AN INTER-GENERATIONAL DANCE COMPANY WHOSE MISSION IS TO PROVIDEOUTREACH THROUGH THE ART OF DANCE. THIS OPPORTUNITY ALLOWS DANCERS OF VARIOUS AGES TO ENGAGE AUDIENCES BOTH IN AND OUTSIDE OF OUR COMMUNITY USING DANCE TO CONNECT, REACHING ACROSS BARRIERS THAT CAN SEPARATE AND DISCOURAGE TO ENCOURAGE AND TO IMPACT POSITIVELY.

Program Service Accomplishments

Program 1

Expenses: $179,747 Revenue: $224,487

PRESENT AND PERFORM TO THE COMMUNITY. INCLUDES DANCER DEVELOPMENT AND INSTRUCTION.

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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 $38,848

Program Service Revenue $219,353

Investment Income $295

Other Revenue $15,919

TOTAL REVENUE $274,415

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,735

Fundraising Expenses $2,925

Program Expenses $179,747

Other Expenses $156,250

TOTAL EXPENSES $301,985

Year-over-Year Comparison

	2023	2022	Change
Revenue	$274,415	$325,981	-0.2%
Expenses	$301,985	$256,674	+0.2%
Net Income	$-27,570	$69,307	-1.4%

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

Total Directors

$24,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE MATTHEWS	EXECUTIVE DIRECTOR	40.00	Director	$24,300	$0	$24,300
RODNEY MATTHEWS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
L DIANE TOALTOAN	BOARD MEMBER	2.00	Director	$0	$0	$0
DONNA HYMES	PRESIDENT/SECRETARY	2.00	Officer Director	$0	$0	$0
JAMES D SMITH JR	TREASURER	5.00	Officer Director	$0	$0	$0
FAITH NSEREKO	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVEN DATLOF	BOARD MEMBER	2.00	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	$274,415	$301,985	$290,497	$-27,570
2023	$325,981	$256,674	$351,912	$69,307