SALT CONTEMPORARY DANCE INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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. IN ITS FIRST FIVE YEARS, SALT HAS INCREASED REVENUE AND NET INCOME. DONORS HAVE MORE THAN DOUBLED, AND THE CURRENT FUNDRAISING RATIO IS AT A HEALTHY 1%. THE COMPANY IS FINANCIALLY SECURE AND THE FUTURE LOOKS PROMISING. SALT HELD THEIR FIRST MASQUERADE SOCIAL EVENT, VIP NIGHT FOR DONORS, AND LINK DANCE FESTIVAL. CONCERT ATTENDANCE WAS SUSTAINED. SALT HAD A TURNOVER IN DANCERS, WITH ONLY FOUR DANCERS STAYING, ONE PREVIOUS SALT DANCER RETURNING, ONE GUEST ARTISTS/CHOREOGRAPHER DANCING ON THE COMPANY, TWO APPRENTICES MOVING UP AND JOINING THE COMPANY. THE COMPANY WILL HAVE THREE APPRENTICES THIS YEAR, ONE FROM SALT II, ONE LOCAL, AND ONE FROM OUT OF STATE.

Program Service Accomplishments

Program 1

Expenses: $72,678 Revenue: $105,240

INCREASE VISIBILITY & PARTNERSHIPS - EXPAND THE AWARENESS, REACH AND CAPACITY OF SALT'S UNIQUE PERFORMANCES. SHORT TERM: 1. BY 2018-19, SALT WILL BE PRESENTED BY UTAHPRESENTS AND BEGIN THE PROCESS OF BEING CHOSEN BY OTHER PRESENTERS THROUGH AFFILIATION WITH THE WESTERN ARTS ALLIANCE. 2. SALT WILL LAUNCH "SALT DANCE" MAGAZINE TO BE A RESOURCE FOR DANCERS OF ALL AGES ALONG THE WASATCH FRONT. 3. SALT WILL INCREASE PARTNERSHIPS TO EXPAND THE LINK DANCE FESTIVAL TO SERVE 200 DANCERS (DOUBLE THE NUMBER OF LAST YEAR). LONG TERM: 1. BY 2021, SALT WILL BE PRESENTING CONCERTS TO AN AUDIENCE OF 23,220 INCLUDING: FALL (4,010), SPRING (4,010) AND COMMUNITY (15,200) CONCERTS. 2. BY 2021, SALT WILL BE A NATIONAL (10 DAYS) AND INTERNATIONAL (15 DAYS) TOURING COMPANY.

Program 2

Expenses: $123,236 Revenue: $105,896

RELEVANCY & GROWTH - CONTINUOUSLY SEEK AND CREATE EMERGING, CUTTINGEDGE CHOREOGRAPHY TO REMAIN INNOVATIVE IN THE DANCE INDUSTRY. SHORT TERM: 1. BY 2018-19, SALT WILL BE ABLE TO PAY DANCERS A WAGE OF 275/WEEK. TO MEET THESE GOALS, SALT WILL CONTINUE IN THE ENDEAVOR OF INCREASING THE OPERATING BUDGET THROUGH TICKET/EVENT SALES, SPONSORS, DONORS, AND GRANTS. LONG TERM: 1. BY 2019, SALT WILL FUNDRAISE AND BEGIN PROCESSES TO BUILD ON A NEW HOME WITH SPACE FOR OFFICE SPACE, STUDIOS, PERFORMANCE VENUES AND RENTABLE SPACE. 2. BY 2021, SALT WILL BE ABLE TO PAY DANCERS A LIVABLE WAGE (1,000/WEEK) PLUS BENEFITS, THUS ATTRACTING AND KEEPING THE FINEST DANCERS.

Program 3

Expenses: $120,076 Revenue: $105,330

EDUCATION - EDUCATE DANCERS AND COMMUNITY MEMBERS ON RELEVANT, EMERGING CONTEMPORARY DANCE THROUGH WORKSHOPS, FESTIVALS, AND A MULTI-TIER TRAINING PROGRAM FOR ASPIRING DANCERS. SHORT TERM: 1. BY...

EDUCATION - EDUCATE DANCERS AND COMMUNITY MEMBERS ON RELEVANT, EMERGING CONTEMPORARY DANCE THROUGH WORKSHOPS, FESTIVALS, AND A MULTI-TIER TRAINING PROGRAM FOR ASPIRING DANCERS. SHORT TERM: 1. BY 2018-19, SALT WILL HAVE A FOUR-TIER TRAINING PROGRAM REACHING 50 ASPIRING DANCERS AGES: 14-18 (SALT SENIOR), 18-25 (SALT APPRENTICES), 18+ (SALT II & SALT PRO) AND A PART-TIME EDUCATION TEAM (ONE EDUCATION DIRECTOR, TWO COMPANY DIRECTORS, ONE ASSISTANT) WHO FACILITATE AND OVERSEE ALL EDUCATIONAL OUTREACH AND EDUCATIONAL PROGRAMMING. 2. SALT WILL BEGIN CREATING VIDEOS OF WORKSHOPS, LIVE TRAINING SESSIONS, AND INTERACTIVE MENTORING. THE EFFORTS TOWARDS THIS BECOMING A REALITY ARE ALREADY UNDERWAY THROUGH A MINI VIDEO-TRAINING SERIES DISTRIBUTED VIA SOCIAL MEDIA. LONG TERM: 1. BY 2021, SALT WILL HAVE A FOUR-TIER TRAINING PROGRAM REACHING 100 ASPIRING DANCERS AGES: 14-18 (SALT SENIOR), 18-25 (SALT APPRENTICES), 18+ (SALT II & SALT PRO) AND A FULL-TIME EDUCATION TEAM (ONE PROGRAM DIRECTOR, FOUR COMPANY DIRECTORS, TWO ASSISTANTS) WHO FACILITATE AND OVERSEE ALL EDUCATIONAL OUTREACH AND EDUCATIONAL PROGRAMMING. 2. BY 2021, SALT WILL HAVE AN ONLINE PORTAL FOR THE GLOBAL WORLD OF DANCERS TO 1) ACCESS CLASSES, WORKSHOPS, LIVE TRAINING SESSIONS, AND INTERACTIVE MENTORING 2) NETWORK WITH OTHER DANCERS, CHOREOGRAPHERS, AND COMPANIES AND 3) CONNECT WITH RESOURCES SUCH AS VIDEOGRAPHERS, MUSICIANS, COSTUMERS, AND TRAINERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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