HUBBARD STREET DANCE CHICAGO

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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

1977

Legal Domicile

Principal Officer

DAVID MCDERMOTT

Phone

3128509744

Tax Period

2023-09-01 to 2024-08-31

HUBBARD STREET DANCE CHICAGO, founded in 1977, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.5M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $5.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE CORE PURPOSE OF HUBBARD STREET DANCE CHICAGO IS TO BRING ARTISTS, ART AND AUDIENCES TOGETHER TO ENRICH, ENGAGE, AND CHANGE LIVES THROUGH THE EXPERIENCE OF DANCE.

Program Service Accomplishments

Program 1

Expenses: $2,975,469 Revenue: $750,172

DANCE PERFORMANCEHSDC'S SEASON 46 ABUNDANCE FOLLOWED ARTISTIC DIRECTOR LINDA-DENISE FISHER-HARRELL'S ARTISTIC EYE FOR EXCELLENCE ACROSS GENRE, BALANCING DYNAMIC WORLD PREMIERES WITH TRIED-AND-TRUE...

DANCE PERFORMANCEHSDC'S SEASON 46 ABUNDANCE FOLLOWED ARTISTIC DIRECTOR LINDA-DENISE FISHER-HARRELL'S ARTISTIC EYE FOR EXCELLENCE ACROSS GENRE, BALANCING DYNAMIC WORLD PREMIERES WITH TRIED-AND-TRUE REPERTORY. CHICAGO SAW THREE SERIESOF HOPE IN THE FALL, OF PEACE IN WINTER, AND OF JOY IN SPRINGWHICH INCLUDED THREE WORLD PREMIERES AND TWO COMPANY PREMIERES, ALL FROM LEADING CHOREOGRAPHERS. NEW RESIDENT ARTIST ASZURE BARTON BEGAN HER COLLABORATION WITH HUBBARD STREET, REVIVING RETURN TO PATIENCE IN THE FALL AND PREMIERING A DUO IN WINTER. AN EXCITING TOURING SEASON SPANNED ACROSS THE COUNTRY, INCLUDING STOPS IN MILWAUKEE, WI AND LOS ANGELES, CA, AS WELL AS A TWO-WEEK RUN AT THEJOYCE THEATER, AN INTERNATIONAL LEADER IN DANCE PRESENTATION IN NEW YORK CITY.

Program 2

Expenses: $1,014,709 Revenue: $1,248,334

TRAINING, EDUCATION AND COMMUNITYHSDC'S EDUCATION PROGRAMS BUILD SUSTAINABLE PARTNERSHIPS WITH CHICAGO PUBLIC SCHOOLS THAT INCLUDE IN-SCHOOL RESIDENCIES, TEACHER PROFESSIONAL DEVELOPMENT, TEACHING...

TRAINING, EDUCATION AND COMMUNITYHSDC'S EDUCATION PROGRAMS BUILD SUSTAINABLE PARTNERSHIPS WITH CHICAGO PUBLIC SCHOOLS THAT INCLUDE IN-SCHOOL RESIDENCIES, TEACHER PROFESSIONAL DEVELOPMENT, TEACHING ARTIST TRAINING, AND PERFORMANCE OPPORTUNITIES. HSDC'S TEACHING ARTISTS ARE WORKING WITH EDUCATORS IN OVER 70 CLASSROOMS ACROSS 15 SCHOOLS, SERVING OVER 1,800 STUDENTS IN THE 2023-2024 SCHOOL YEAR. HUBBARD STREET ALSO WELCOMED STUDENTS INTO THE COMMUNITY WITH TWO FREE STUDENT MATINEE PERFORMANCESAN IN-PERSON PERFORMANCE ON NOVEMBER 3, 2023, WHERE THE COMPANY PERFORMS FOR 1,200+ STUDENTS AND 100+ EDUCATORS AT HARRIS THEATER FOR MUSIC AND DANCE, AND VIRTUAL MATINEE CALLED HUBBARD LIVE! ON MARCH 1, 2024. HUBBARD STREET RECOGNIZES ACCESSIBILITY AND DANCE ARE NOT CONFLICTING CONCEPTS IN ITS ADAPTIVE PROGRAMS. THE AUTISM PROJECT FUNCTIONS TO SUPPORT THE NEEDS OF ALL STUDENTS AND HSDC'S PARKINSON'S PROJECT HELPS PARTICIPANTS AND CAREGIVERS BUILD DEXTERITY, COMMUNITY, AND CONFIDENCE IN FOUR SEPARATE SESSION PERIODS THROUGHOUT THE YEAR. HSDC CONTINUES TO OFFER OUR ANNUAL SUMMER INTENSIVE PROGRAMS, WHICH ALLOW DANCERS FROM AGES 13-25 THE OPPORTUNITY TO ENGAGE WITH DIVERSE VOICES IN THE FIELD IN THREE SEPARATE SESSIONS FROM JULY-AUGUST. THIS YEAR, HUBBARD STREET HAS ADDED AN ADULT INTENSIVE SESSION CALLED DANCE ON! FOR DANCERS 26AND UP AND CONTINUED OUR FELLOWSHIP OPPORTUNITIES FOR 4-6 YOUNG DANCERS TO BE INVITED BACK TO HUBBARD STREET TO REHEARSE ALONGSIDE THE COMPANY IN THE FALL.

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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 $2,131,618

Program Service Revenue $1,998,506

Investment Income $389,270

Other Revenue $20,666

TOTAL REVENUE $4,540,060

Expense Breakdown

Grants Paid $80,274

Salaries & Benefits $2,656,424

Fundraising Expenses $442,855

Program Expenses $3,990,178

Other Expenses $2,444,603

TOTAL EXPENSES $5,181,301

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,540,060	$3,587,495	+0.3%
Expenses	$5,181,301	$4,439,607	+0.2%
Net Income	$-641,241	$-852,112	-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

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

$388,332

Total Directors