WELLSPRING - CORI TERRY & DANCERS - Form 990 Financial Data

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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

Principal Officer

ALISA LINDSAY

Phone

2693424354

Tax Period

2022-09-01 to 2023-08-31

WELLSPRING - CORI TERRY & DANCERS, founded in 1982, is a small nonprofit in the Arts, Culture & Humanities sector that reported $232K in total revenue in fiscal year 2022. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $341K exceeded revenue, resulting in a 47% operating deficit.

Mission

WELLSPRING-CORI TERRY & DANCERS EXISTS TO OFFER A UNIQUE AND AUTHENTIC VOICE IN MODERN DANCE WHICH SERVES TO INSPIRE, ENGAGE AND EDUCATE OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $249,837

1.CONCERTS GIVE EXPOSURE OF MODERN DANCE TO THE GENERAL PUBLIC. CONCERTS ARE IN VARIOUS FORMATS AND GEARED TO DIFFERNCT AGE LEVELS AND SOME ARE INTERACTIVE FOR CHILDREN. THE MID-WEST RAD FEST...

1.CONCERTS GIVE EXPOSURE OF MODERN DANCE TO THE GENERAL PUBLIC. CONCERTS ARE IN VARIOUS FORMATS AND GEARED TO DIFFERNCT AGE LEVELS AND SOME ARE INTERACTIVE FOR CHILDREN. THE MID-WEST RAD FEST HIGHLIGHTS REGIONAL AND NATIONAL TALENT THROUGH PERFORMANCE, FILM AND INSTRUCTION. 2. WELLSPRING DANCE ACADEMY OFFERS CLASSES TO COMMUNITY YOUTH AND ADULTS THROUGHOUT THE YEAR. TEACHING MODERN DANCE FURTHERS THE EXPOSURE OF DANCE THROUGH THE PARTICIPATION OF STUDENTS. 3. READY MOVERS IS AN OUTREACH INITIATIVE THAT PROVIDES MOVEMENT, MINDFULNESS, AND LITERACY EDUCATION TO UNDERSERVICED PRESCHOOL CHILDREN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $150,080

Program Service Revenue $63,267

Investment Income $2

Other Revenue $18,522

TOTAL REVENUE $231,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $243,686

Fundraising Expenses $1,650

Program Expenses $249,837

Other Expenses $97,252

TOTAL EXPENSES $340,938

Year-over-Year Comparison

	2022	2021	Change
Revenue	$231,871	$605,787	-0.6%
Expenses	$340,938	$311,123	+0.1%
Net Income	$-109,067	$294,664	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALISA LINDSAY	PRESIDENT	2.00	Officer Director	$0	$0	$0
CARL BROWN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
LISA WAINWRIGHT	SECRETARY	2.00	Officer Director	$0	$0	$0
EMILY DEERING-CARUSO	TREASURER	2.00	Officer Director	$0	$0	$0
BIANCA WASHINGTON CIUNGAN	DIRECTOR	1.00	Director	$0	$0	$0
SARAH GRAZIANO	DIRECTOR	1.00	Director	$0	$0	$0
BEN GULLEY	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA HAHN	DIRECTOR	1.00	Director	$0	$0	$0
WEST NELSON	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$231,871	$340,938	$453,116	$-109,067
2022	$605,787	$311,123	$543,313	$294,664
2021	$279,386	$254,340	$271,559	$25,046
2020	$252,004	$228,087	$205,642	$23,917
2019	$246,662	$285,134	$187,454	$-38,472
2018	$265,931	$300,878	$225,267	$-34,947

WELLSPRING - CORI TERRY & DANCERS