IIBADA DANCERS INC

EIN: 352109418 501(c)(3) Arts, Culture & Humanities

Indianapolis, IN

Total Revenue
$323,876
Total Expenses
$362,372
Total Assets
$53,257
Net Assets
$53,257
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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
IN
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.

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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%)

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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

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Governance

Voting Members
2
Independent Members
N/A
Employees
3
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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