Indianapolis Dance Company DBA Gregory Hancock Dance Theatre (EIN 351722088) - 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

Gregory Hancock

Phone

3178442660

Tax Period

2023-01-01 to 2023-12-31

Indianapolis Dance Company DBA Gregory Hancock Dance Theatre, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $701K, a strong 61% operating margin.

Mission

Gregory Hancock Dance Theatre (GHDT) is a professional, contemporary dance company dedicated to the exploration, creation, and presentation of thought-provoking issues through dance. With our ability to transcend the barriers that divide our world, we strive to enlighten, educate, entertain and engage diverse audiences of all ages.

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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 $1,044,736

Program Service Revenue $105,396

Investment Income $12

Other Revenue $0

TOTAL REVENUE $1,150,144

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,303

Fundraising Expenses $0

Program Expenses $404,504

Other Expenses $262,146

TOTAL EXPENSES $449,449

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,150,144	$608,687	+0.9%
Expenses	$449,449	$366,560	+0.2%
Net Income	$700,695	$242,127	+1.9%

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

$48,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gregory Hancock	Executive Dir.	40.00	Director	$48,700	$0	$48,700
Kirsten Ferger	Chairman	30.00	Officer Director	$0	$0	$0
Anindita Sen	Vice President	5.00	Officer Director	$0	$0	$0
Tuhina Chakrabarti	Secretary	5.00	Officer Director	$0	$0	$0
Ivy Heazeltine	Treasurer	20.00	Officer Director	$0	$0	$0
Debby Provisor	Director	2.00	Director	$0	$0	$0
Akin Akinwande	Director	2.00	Director	$0	$0	$0
Nur Ungan	Director	5.00	Director	$0	$0	$0
Ross Smith	Director	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
2024	No data	No data	No data	No data
2023	$1,150,144	$449,449	$1,157,205	$700,695
2022	$608,687	$366,560	$456,606	$242,127
2021	$358,783	$322,927	$201,707	$35,856
2019	$366,482	$382,044	$86,241	$-15,562
2018	$284,515	$285,749	$100,620	$-1,234

Indianapolis Dance Company DBA Gregory Hancock Dance Theatre