GROUNDWORKS DANCE THEATER (EIN 341856594) - 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

1998

Legal Domicile

Principal Officer

DAVID SHIMOTAKAHARA

Phone

2165332677

Tax Period

2024-07-01 to 2025-06-30

GROUNDWORKS DANCE THEATER, founded in 1998, is a small nonprofit that reported $110K in total revenue in fiscal year 2024. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $283K exceeded revenue, resulting in a 158% operating deficit.

Mission

TO PROMOTE PUBLIC AWARENESS OF DANCE THEATER THROUGH THE DEVELOPMENT AND PRESENTATION OF NEW CHOREOGRAPHY THAT ENCOURAGES COLLABORATION WITH OTHER ART DISCIPLINES & STRETCHES THE PARAMETERS OF HOW AND WHERE DANCE IS PRESENTED

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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 $82,400

Program Service Revenue $21,450

Investment Income $99

Other Revenue $5,710

TOTAL REVENUE $109,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $156,747

Fundraising Expenses $245

Program Expenses $174,322

Other Expenses $126,294

TOTAL EXPENSES $283,041

Year-over-Year Comparison

	2024	2023	Change
Revenue	$109,659	$654,282	-0.8%
Expenses	$283,041	$707,152	-0.6%
Net Income	$-173,382	$-52,870	+2.3%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA CALABRESE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOANNE CLARK	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA COLE	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA DUNN	BOARD PRESID	2.00	Officer Director	$0	$0	$0
SUZANNE HAMILTON	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN MARITA	BOARD VICE P	2.00	Officer Director	$0	$0	$0
DONNA PACCHIONI	BOARD TREASU	2.00	Officer Director	$0	$0	$0
DAVID SHIMOTAKAHARA	ARTISTIC DIR	40.00	Officer Director	$0	$0	$0
DONNA SKURZAK	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY LOU STRICKLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MAX THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN WEHNER	BOARD SECRET	2.00	Officer 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	$109,659	$283,041	No data	$-173,382
2024	$654,282	$707,152	$210,387	$-52,870
2023	$491,851	$739,018	$273,719	$-247,167
2022	$699,752	$656,195	$509,904	$43,557
2021	$806,925	$482,143	$531,749	$324,782
2020	$459,559	$533,182	$100,880	$-73,623
2019	$544,368	$620,718	$211,334	$-76,350

GROUNDWORKS DANCE THEATER