Minneapolis, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HEART OF DANCE, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $213K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $258K exceeded revenue, resulting in a 21% operating deficit.
To transform lives through the physical, mental, social and emotional benefits of partner dance. Our values are respect, elegance, and teamwork. Heart of Dance delivers the physical, mental, and emotional benefits of partner dance to those who wouldn't otherwise have the opportunity to experience them. Dancing Classrooms, our foundational program, teaches crucial life skills like confidence, cultural awareness, conflict resolution and gender respect through the lens of partner dance in schools across Minnesota. In classrooms of K through eighth grade, we engage students with these concepts at an age proven to have the greatest impact. Partner dance leads to confidence, self-expression, joyful movement, discipline, human connection, and more.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $212,823 | $330,219 | -0.4% |
| Expenses | $258,306 | $270,654 | 0.0% |
| Net Income | $-45,483 | $59,565 | -1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Andrea Mirenda | Interim Executive Director | 32 |
Officer
|
$47,878 | $0 | $47,878 |
| Janine Premil | Finance Director | 24 |
Key Emp
|
$34,358 | $0 | $34,358 |
| Deloris Ouren | Board Chair | 4 |
Director
|
$0 | $0 | $0 |
| Dennis Yelkin | Board Vice-Chair | 1 |
Director
|
$0 | $0 | $0 |
| Kristen Shimkus | Board Treasurer | 0.5 |
Director
|
$0 | $0 | $0 |
| Andrea Chung | Board Secretary | 0.9 |
Director
|
$0 | $0 | $0 |
| Phuong Chung | Board Member | 0.6 |
Director
|
$0 | $0 | $0 |
| Nell Collier | Board Member | 0.2 |
Director
|
$0 | $0 | $0 |
| Marilyn Clark | Board Member | 0.2 |
Director
|
$0 | $0 | $0 |
| Aaron Rodriguez | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Kevin Kirsch | Board Member | 0.5 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $212,823 | $258,306 | $78,297 | $-45,483 |
| 2023 | $330,219 | $270,654 | $148,544 | $59,565 |
| 2022 | $210,510 | $265,143 | $114,804 | $-54,633 |
| 2021 | $197,986 | $201,818 | $185,838 | $-3,832 |
| 2020 | $349,362 | $415,532 | $209,487 | $-66,170 |
| 2019 | $372,107 | $418,943 | $178,849 | $-46,836 |
Compare HEART OF DANCE with other nonprofits in Minnesota and across the country.