HEART OF DANCE

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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

2013

Legal Domicile

Principal Officer

Andrea Mirenda

Phone

6513303750

Tax Period

2023-07-01 to 2024-06-30

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.

Mission

Our Vision: Helping people discover all they can be through partner dance. Offering youth, senior adults, veterans, and communities from all walks of life an environment in which to connect and thrive.

Program Service Accomplishments

Program 1

Expenses: $197,852 Revenue: $71,970

When you get into dance frame and look directly into your partner's eyes, you understand them at a different level. Overcoming divisions of race, culture, and opportunity, in Dancing Classrooms...

When you get into dance frame and look directly into your partner's eyes, you understand them at a different level. Overcoming divisions of race, culture, and opportunity, in Dancing Classrooms everybody dances with everybody and students learn to work together with people who are different from themselves. K through eighth graders continue to tackle this challenge while discovering more about themselves and connecting with others. More than dance steps, we're seeing confidence, gender and culture respect, teamwork, conflict resolution, and more. Both educators and parents reported increased confidence, peer respect, and lessening of behavior issues as a result of students' participation in the program. 83% of educators saw positive changes in the way their students treated each other, 70% of parents noticed positive changes in how their child felt about themself, and 70% of teachers noticed a positive change in their classroom environment. We launched our new senior adult wellness program three years ago. We have groups of senior adults coming together to experience the healing combination of music and movement to strengthen balance and cognitive focus, while improving physical strength and stamina, and increasing social connections.

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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 $140,829

Program Service Revenue $71,970

Investment Income $24

Other Revenue $0

TOTAL REVENUE $212,823

Expense Breakdown

Grants Paid $0

Salaries & Benefits $229,956

Fundraising Expenses $33,409

Program Expenses $197,852

Other Expenses $28,350

TOTAL EXPENSES $258,306

Year-over-Year Comparison

	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%

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

$47,878

Total Directors

Key Employees

$34,358

Highest Compensated

reported

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

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	$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