CITADEL DANCE AND MUSIC CENTER INC (EIN 371474113) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

CHRIS KWON

Tax Period

2023-09-01 to 2024-08-31

CITADEL DANCE AND MUSIC CENTER INC, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $563K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $481K left a modest 15% surplus.

Mission

TO INSPIRE A SENSE OF EXCITEMENT AND CURIOUSITY THROUGH THE DISCIPLINES OF DANCE AND MUSIC AS ART FORMS AND A WAY OF LIFE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $135,277

Program Service Revenue $428,099

Investment Income $-262

Other Revenue $0

TOTAL REVENUE $563,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,800

Program Expenses $436,498

Other Expenses $480,515

TOTAL EXPENSES $480,515

Year-over-Year Comparison

	2023	2022	Change
Revenue	$563,114	$465,884	+0.2%
Expenses	$480,515	$444,541	+0.1%
Net Income	$82,599	$21,343	+2.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER SCHANKER	DIRECTOR	2.00	Director	$0	$0	$0
LYNN HOLMGREN	TREASURER	2.00	Officer Director	$0	$0	$0
CHRIS KWON	PRESIDENT	2.00	Officer Director	$0	$0	$0
SCOTT GASPARI	DIRECTOR	2.00	Director	$0	$0	$0
LORI TODD	DIRECTOR	2.00	Director	$0	$0	$0
LESLIE CLARKE	SECRETARY	2.00	Officer Director	$0	$0	$0
BRENNAN HAASE	VICE PRESIDE	2.00	Director	$0	$0	$0
DEBRA KENYON	DIRECTOR	2.00	Director	$0	$0	$0
TIM WALLS	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	$563,114	$480,515	$181,781	$82,599
2023	$465,884	$444,541	$101,427	$21,343
2022	$396,760	$405,264	$80,115	$-8,504
2021	$376,463	$389,308	$88,706	$-12,845
2020	$431,087	$424,451	$111,023	$6,636
2019	$467,617	$468,174	$51,219	$-557

CITADEL DANCE AND MUSIC CENTER INC