IIBADA DANCERS 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

1989

Legal Domicile

Principal Officer

Brandi Mathis

Phone

3172507647

Tax Period

2024-01-01 to 2024-12-31

IIBADA DANCERS INC, founded in 1989, is a small nonprofit in the Arts, Culture & Humanities sector that reported $324K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $362K exceeded revenue, resulting in a 12% operating deficit.

Mission

To provide cultural enrichment, discipline, art educations, and opportunities to build and empower youth, young adults, and communities through the art of dance.

Program Service Accomplishments

Program 1

Expenses: $168,688 Revenue: $323,876

To provide cultural enrichment, discipline, art educations, and opportunities to build and empower youth, young adults, and communities through the art of dance.

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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 $156,951

Program Service Revenue $166,925

Investment Income $0

Other Revenue $0

TOTAL REVENUE $323,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,887

Fundraising Expenses $15,735

Program Expenses $168,688

Other Expenses $212,485

TOTAL EXPENSES $362,372

Year-over-Year Comparison

	2024	2023	Change
Revenue	$323,876	$256,516	+0.3%
Expenses	$362,372	$287,892	+0.3%
Net Income	$-38,496	$-31,376	+0.2%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONIKA S GILLARD	Chairman	0.00	Officer	$0	$0	$0
ROLAND SMITH	President	0.00	Officer	$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	$323,876	$362,372	$53,257	$-38,496
2023	$321,916	$315,755	$166,770	$6,161
2022	$256,516	$287,792	$117,620	$-31,276