RAGAMALA DANCE

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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

1992

Legal Domicile

Principal Officer

JOHN RISKE

Phone

6128241968

Tax Period

2024-08-01 to 2025-07-31

RAGAMALA DANCE, founded in 1992, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $365K, a strong 27% operating margin.

Mission

RAGAMALA IS THE VISION OF MOTHER-DAUGHTER SOUTH INDIAN AMERICAN ARTISTS RANEE AND APARNA RAMASWAMY. THROUGH MULTI-DISCIPLINARY DANCE WORKS FOR THE STAGE, ENGAGING THE COMMUNITY, AND EDUCATING THE NEXT GENERATION, RAGAMALA EPITOMIZES INTERCULTURAL, IMMIGRANT NARRATIVES.

Program Service Accomplishments

Program 1

Expenses: $759,217

PROGRAM SERVICES INCLUDE:PERFORMANCES LOCALLY AND ON TOUR (U.S. AND U.K): PRESENTED 24 LIVE PERFORMANCES AT 10 VENUES IN 10 CITIES, REACHING A TOTAL AUDIENCE OF 6,634. COMMUNITY ENGAGEMENT ACTIVITIES IN OUR HOME COMMUNITY AND ON TOUR: CONDUCTED 33 IN-PERSON OUTREACH ACTIVITIES AT 30 SITES IN THE TWIN CITIES AND NATIONWIDE (INCLUDING SCHOOLS, UNIVERSITIES, SENIOR CENTERS, DANCE SCHOOLS, HOSPITALS, COMMUNITY CENTERS, PLACES OF WORSHIP, MUSEUMS, AND COMMUNITY FESTIVALS) REACHING AN AUDIENCE OF 6,823. SEE SCHEDULE O FOR ADDITIONAL PROGRAM LANGUAGE.ONGOING CLASSES AT THE RAGAMALA TRAINING CENTER, WITH LOCATIONS IN MINNEAPOLIS AND ROCHESTER, MINNESOTA: CONDUCTED 6 HOURS OF GROUP CLASSES PER WEEK FOR 36 WEEKS OF THE YEAR, AND ADDITIONAL ONE-ON-ONE CLASSES FOR ADVANCED STUDENTS, FOR A POPULATION OF 40 STUDENTS AGED 7 THROUGH ADULT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,079,039

Program Service Revenue $277,835

Investment Income $2,277

Other Revenue $4,724

TOTAL REVENUE $1,363,875

Expense Breakdown

Grants Paid $0

Salaries & Benefits $469,063

Fundraising Expenses $167,844

Program Expenses $759,217

Other Expenses $473,509

TOTAL EXPENSES $998,840

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,363,875	$916,426	+0.5%
Expenses	$998,840	$942,058	+0.1%
Net Income	$365,035	$-25,632	-15.2%

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

$418,494

Total Directors

$225,956

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
APARNA RAMASWAMY	EXECUTIVE ARTISTIC DIRECTO	40.00	Officer Director	$120,035	$0	$120,035
ASHVINI NAIDU	DIRECTOR	2.00	Director	$0	$0	$0
JEANINE HOLDEN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN RISKE	PRESIDENT	3.00	Officer Director	$0	$0	$0
LISA NORTON	DIRECTOR	2.00	Director	$0	$0	$0
MARGUERITE AHMANN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
NITHYA BALAKRISHNAN MATHAD	SECRETARY	3.00	Officer Director	$0	$0	$0
RANEE RAMASWAMY	FOUNDER AND ARTISTIC DIRECTOR	40.00	Officer Director	$105,921	$0	$105,921
ROHIT GUPTA	TREASURER	3.00	Officer Director	$0	$0	$0
ASHWINI RAMASWAMY	COMMUNICATIONS DIRECTOR/CHOREOGRAPHIC ASSOCIATE	40.00	Officer	$108,298	$0	$108,298
TAMARA NADEL	DIRECTOR OF OPERATIONS	40.00	Officer	$84,240	$0	$84,240

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
2025	$1,363,875	$998,840	$976,375	$365,035
2024	$916,426	$942,058	$693,652	$-25,632
2023	$754,056	$880,841	$757,111	$-126,785
2022	$1,221,036	$982,617	$767,697	$238,419
2021	$632,846	$537,585	$577,914	$95,261
2020	$713,224	$705,791	$465,011	$7,433
2019	$722,242	$776,692	$382,060	$-54,450
2018	$803,493	$717,534	$432,636	$85,959