SOLE DEFINED

EIN: 464154399 501(c)(3) Arts, Culture & Humanities

Capitol Heights, MD

Total Revenue
$357,547
Total Expenses
$256,527
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Phone
4436532476
Tax Period
2024-01-01 to 2024-12-31

SOLE DEFINED, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $358K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $101K, a strong 28% operating margin.

Mission

SOLE Defined's, a percussive dance company whose goal is to preserve, restore and re-establish tap dance as a professional and community art form. To educate, entertain, and enhance lives. SOLE Defined's mission is to preserve and advance percussive dance, including tap dance and body percussion, through evening-length performances that serve as archives of American history. Additionally, it aims to integrate the arts into the curriculum for K-12 students as a tool for learning mathematics and literacy.

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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 (2024)

Revenue Breakdown

Contributions & Grants $357,547
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $357,547

Expense Breakdown

Grants Paid $0
Salaries & Benefits $129,622
Fundraising Expenses $0
Program Expenses $256,526
Other Expenses $126,905
TOTAL EXPENSES $256,527

Year-over-Year Comparison

2024 2023 Change
Revenue $357,547 $300,269 +0.2%
Expenses $256,527 N/A N/A
Net Income $101,020 $300,269 -0.7%
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
13
Independent Members
N/A
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Torya Beard Co-Board Chair 2
$0 $0 $0
Hanna Stubblefield-Tave Co-Board Chair 2
$0 $0 $0
Valeria Branch Secretary 2
$0 $0 $0
Jon Stephenson Treasurer 2
$0 $0 $0
Brian K McCollum Member N/A
$0 $0 $0
Christal Brown Member N/A
$0 $0 $0
Gamal Brown Member N/A
$0 $0 $0
Ryan K Johnson Co-Founder 2
$0 $0 $0
Quynn L Johnson Co-Founder 2
$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 $357,547 $256,527 No data $101,020
2024 No data No data No data No data
2023 $300,269 No data No data No data
2023 $301,476 $268,102 $33,374 $33,374
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