PROFESSIONAL FLAIR INC

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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

1980

Legal Domicile

Principal Officer

MARY VERDI-FLETCHER

Tax Period

2023-07-01 to 2024-06-30

PROFESSIONAL FLAIR INC, founded in 1980, is a small nonprofit in the Unknown sector that reported $527K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $591K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROMOTE ACCESSIBILITY IN THE ARTS FOR PEOPLE WITH ALL ABILITIES.

Program Service Accomplishments

Program 1

Expenses: $489,983

THE ORGANIZATION INTEGRATES DANCE FOR INDIVIDUALS WITH AND WITHOUT DISABILITIES. ITS MISSION CONTINUES TO EDUCATE, INTEGRATE AND EMPLOY PEOPLE WITH AND WITHOUT DISABILITIES IN THE ARTS THROUGH...

THE ORGANIZATION INTEGRATES DANCE FOR INDIVIDUALS WITH AND WITHOUT DISABILITIES. ITS MISSION CONTINUES TO EDUCATE, INTEGRATE AND EMPLOY PEOPLE WITH AND WITHOUT DISABILITIES IN THE ARTS THROUGH OUTREACH ACTIVITIES, PUBLIC PERFORMANCES, AND ADVOCACY. THE ORGANIZATION PROVIDES COMMUNITY DANCE CLASSES, SUMMER DANCE WORKSHOPS, THEATRE ARTS CAMPS, TEACHER TRAINING WORKSHOPS, AND SPECIALIZED CLASSES IN CLEVELAND THAT DIRECTLY SERVICE INDIVIDUALS AS WELL AS LECTURES, WORKSHOPS, RESIDENCIES AND MAIN STAGE PERFORMANCES BOTH AT HOME AND NATIONWIDE THAT ANNUALLY REACH OVER 100,000 INDIVIDUALS IN THE GREATER CLEVELAND AREA AND THROUGHOUT THE COUNTRY. THROUGH THESE INNOVATIVE PROGRAMS THAT INTEGRATE ARTS AND RECREATIONAL ACTIVITIES WITH CAREER OPPORTUNITIES AND TRAINING, THE ORGANIZATION IS COMMITTED TO CHANGING APATHY, NEGATIVITY AND FEAR THAT SURROUNDS THE EDUCATION, EMPLOYMENT AND INCLUSION OF PERSONS WITH DISABILITIES IN THE ARTS.

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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 $353,121

Program Service Revenue $154,060

Investment Income $492

Other Revenue $19,105

TOTAL REVENUE $526,778

Expense Breakdown

Grants Paid $0

Salaries & Benefits $222,330

Fundraising Expenses $5,250

Program Expenses $489,983

Other Expenses $368,562

TOTAL EXPENSES $590,892

Year-over-Year Comparison

	2023	2022	Change
Revenue	$526,778	$577,614	-0.1%
Expenses	$590,892	$605,413	0.0%
Net Income	$-64,114	$-27,799	+1.3%

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

$49,792

Total Directors