ZORONGO FLAMENCO INC

EIN: 363302530 501(c)(3) Arts, Culture & Humanities

Minneapolis, MN

Total Revenue
$195,114
Total Expenses
$154,339
Total Assets
$117,978
Net Assets
$92,041
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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
1982
Legal Domicile
MN
Tax Period
2022-07-01 to 2023-06-30

ZORONGO FLAMENCO INC, founded in 1982, is a small nonprofit in the Arts, Culture & Humanities sector that reported $195K in total revenue in fiscal year 2022. The organization ran a surplus of $41K, a strong 21% operating margin.

Mission

TO FURTHER THE UNDERSTANDING AND APPRECIATION OF FLAMENCO AND SPANISH DANCE AND MUSIC. THIS IS ACCOMPLISHED THROUGH PERFORMANCE, INSTRUCTION, AND DISSEMINATION OF INFORMATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $157,809
Program Service Revenue $37,305
Investment Income $0
Other Revenue $0
TOTAL REVENUE $195,114

Expense Breakdown

Grants Paid $0
Salaries & Benefits $83,644
Fundraising Expenses $3,500
Program Expenses $147,286
Other Expenses $67,195
TOTAL EXPENSES $154,339

Year-over-Year Comparison

2022 2021 Change
Revenue $195,114 N/A N/A
Expenses $154,339 N/A N/A
Net Income $40,775 N/A N/A
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
9
Independent Members
9
Employees
2
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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAIGE NELSON DIRECTOR 0.00
Director
$0 $0 $0
ROBERT BRITTAIN DIRECTOR 0.00
Director
$0 $0 $0
ALI TEWS DIRECTOR 0.00
Director
$0 $0 $0
MICHAEL ROSENOW DIRECTOR 0.00
Director
$0 $0 $0
TRISHA BEUHRING DIRECTOR 0.00
Director
$0 $0 $0
VERONICA GREEN VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
SHARON STEPHENS PRESIDENT 0.00
Officer Director
$0 $0 $0
MELISSA SAFFELO-BOILY TREASURER 0.00
Officer Director
$0 $0 $0
COLETTE MORRIS SECRETARY 0.00
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
2024 No data No data No data No data
2023 $195,114 $154,339 $117,978 $40,775
2022 $164,237 $195,263 $79,199 $-31,026
2021 $166,582 $133,527 $95,101 $33,055
2020 $259,515 $234,418 $31,540 $25,097
2019 $210,476 $234,593 $34,504 $-24,117
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