GRAND RAPIDS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE HEART OF DANCE, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $308K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.
TO OPERATE A CHRISTIAN DANCE STUDIO THAT PROVIDES INFORMATION, PREPARATION, AND TRAINING IN VARIOUS FORMS OF DANCE TO A VARIETY OF INDIVIDUALS SO THAT THESE INDIVIDUALS WILL BE ABLE AND EQUIPPED TO MORE FULLY EXPRESS THEIR WORSHIP FOR THE LORD JESUS.
DANCE EDUCATION AND RELIGIOUS INSTRUCTION APPROXIMATELY 220 STUDENTS ARE CURRENTLY ENROLLED IN VARIOUS DANCE CLASSES
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $308,213 | $278,671 | +0.1% |
| Expenses | $318,752 | $301,667 | +0.1% |
| Net Income | $-10,539 | $-22,996 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MERIBETH HUEGLI | BOARD MEMBER/PRESIDENT | 20.00 |
Officer
Director
|
$0 | $0 | $0 |
| LESLIE GLENDENING | DIRECTOR | 20.00 |
Officer
Director
|
$26,000 | $0 | $26,000 |
| ANDREA ALLEN | BOARD MEMBER/VICE PRESIDEN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEVE WONCH | BOARD MEMBER/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| WENDI SCHOLTEN | BOARD MEMBER/SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $308,213 | $318,752 | $871,551 | $-10,539 |
| 2024 | $278,671 | $301,667 | $903,491 | $-22,996 |
| 2023 | $290,882 | $281,102 | $934,036 | $9,780 |
| 2022 | $260,143 | $259,437 | $938,447 | $706 |
| 2021 | $258,547 | $245,096 | $974,484 | $13,451 |
| 2020 | $238,083 | $286,435 | $973,773 | $-48,352 |
| 2019 | $298,232 | $294,235 | $1,017,184 | $3,997 |
| 2018 | $347,721 | $308,284 | $1,034,974 | $39,437 |
Compare THE HEART OF DANCE with other nonprofits in Michigan and across the country.