SALT CONTEMPORARY DANCE INC (EIN 465028488) - 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

Principal Officer

JANAE GARRETT

Phone

3852404554

Tax Period

2023-07-01 to 2024-06-30

SALT CONTEMPORARY DANCE INC is a small nonprofit in the Arts, Culture & Humanities sector that reported $411K in total revenue in fiscal year 2023. Expenses of $391K left a modest 5% surplus.

Mission

EXPAND THE AWARENESS, REACH AND CAPACITY OF SALT UNIQUE PERFORMANCES AND FESTIVALS. CONTINUOUSLY SEEK AND CREATE EMERGING AND CUTTING-EDGE PERFORMANCES TO STAY AT THE MOST FOREFRONT OF THE DANCE INDUSTRY. EDUCATE DANCERS AND COMMUNITY MEMBERS ON RELEVANT, EMERGING CONTEMPORARY PERFORMANCE THROUGH TRAINING PROGRAMS, EVENTS, AND OUTREACH.

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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 $94,467

Program Service Revenue $316,429

Investment Income $37

Other Revenue $0

TOTAL REVENUE $410,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $257,437

Fundraising Expenses $2,747

Program Expenses $315,990

Other Expenses $133,938

TOTAL EXPENSES $391,375

Year-over-Year Comparison

	2023	2022	Change
Revenue	$410,933	$406,480	+0.0%
Expenses	$391,375	$414,207	-0.1%
Net Income	$19,558	$-7,727	-3.5%

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

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

$73,700

Total Directors

$73,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANAE GARRETT	ADMIN. DIREC	N/A	Officer Director	$39,250	$0	$39,250
MICHELLE NIELSEN	BOARD CHAIR	N/A	Officer Director	$34,450	$0	$34,450
ROGER HENRIKSEN	BOARD MEMBER	N/A	Director	$0	$0	$0
PENNY BROUSSARD	BOARD MEMBER	N/A	Director	$0	$0	$0
JOE MERKLEY	BOARD MEMBER	N/A	Director	$0	$0	$0
KONI RAY	BOARD MEMBER	N/A	Director	$0	$0	$0
ERIC HANDMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
EUNICE STAFFORD	BOARD MEMBER	N/A	Director	$0	$0	$0
JONI MCDONALD	BOARD MEMBER	N/A	Director	$0	$0	$0
TRISH RYLAND	BOARD MEMBER	N/A	Director	$0	$0	$0
LEXIE CORBETT	BOARD MEMBER	N/A	Director	$0	$0	$0
VICTOR SINE	BOARD MEMBER	N/A	Director	$0	$0	$0
LISA PREECE	BOARD MEMBER	N/A	Director	$0	$0	$0
KRISTA SORENSON	BOARD MEMBER	N/A	Director	$0	$0	$0
HALEY HATTON	BOARD MEMBER	N/A	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
2025	No data	No data	No data	No data
2024	$410,933	$391,375	$31,545	$19,558
2023	$370,480	$414,207	$14,097	$-43,727
2022	$339,537	$326,932	$54,982	$12,605
2021	$142,612	$156,912	$38,107	$-14,300
2020	$214,147	$205,749	$53,343	$8,398
2019	$219,464	$205,003	$44,945	$14,461

SALT CONTEMPORARY DANCE INC