THE POINTE ACADEMY OF BALLET AND CONTEMPORARY DANCE (EIN 421493103) - Form 990 Financial Analysis & Trantor Score

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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

2000

Legal Domicile

Principal Officer

ALBERT ADAMS

Phone

5152790742

Tax Period

2023-01-01 to 2023-12-31

THE POINTE ACADEMY OF BALLET AND CONTEMPORARY DANCE, founded in 2000, is a micro nonprofit that reported $82K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $78K left a modest 6% surplus.

Mission

BALLET AND CONTEMPORARY DANCE CLASSES WITH TEACHERS WHO HAVE DANCED PROFESSIONALLY. OLDER STUDENTS PERFORM CLASSICAL MASTERWORKS AND ORIGINAL CHOREOGRAPHY FOR UNDERSERVED POPULATIONS AND THE GENERAL PUBLIC. STUDENTS SEEKING DANCE CAREERS OR RECREATION BENEFIT FROM BALLET TAUGHT THE TRADITIONAL WAY.

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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 $2,420

Program Service Revenue $80,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $82,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,223

Fundraising Expenses $0

Program Expenses $77,621

Other Expenses $70,398

TOTAL EXPENSES $77,621

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,420	$87,294	-0.1%
Expenses	$77,621	$73,945	+0.0%
Net Income	$4,799	$13,349	-0.6%

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
ALBERT ADAMS	PRESIDENT	60.00	Officer Director	$0	$0	$0
ELIZABETH ADAMS	VP/TREASURER	40.00	Officer Director	$0	$0	$0
KATHY MYERS	SECRETARY	0.05	Officer Director	$0	$0	$0
KENNETH WIMMER	BOARD MEMBER	0.25	Director	$0	$0	$0
ELLEN BOGUE	BOARD MEMBER	0.50	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	$82,420	$77,621	$38,105	$4,799
2022	$87,294	$73,945	$42,198	$13,349
2021	$80,683	$80,700	$24,652	$-17
2020	$90,795	$82,818	$23,774	$7,977

THE POINTE ACADEMY OF BALLET AND CONTEMPORARY DANCE