Open Dance Project Inc

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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

2015

Legal Domicile

Principal Officer

Katherine Douglass

Phone

8329628982

Tax Period

2024-01-01 to 2024-12-31

Open Dance Project Inc, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $521K in total revenue in fiscal year 2024.

Mission

OPEN DANCE PROJECT IS AN ENSEMBLE-DRIVEN DANCE THEATER COMPANY DEDICATED TO DEVELOPING & PRESENTING WORLD CLASS DANCE THEATER EXPERIENCES IN HOUSTON & SERVING AS A CULTURAL RESOURCE THROUGH ITS ENGAGING & ENLIGHTENING EDUCATION & COMMUNITY PROGRAMMING.

Program Service Accomplishments

Program 1

Expenses: $411,525 Revenue: $43,194

Dance Theater Performances: Conceived, developed, and presented dance theater performances for the general public at venues in Houston, TX including MATCH-Midtown Arts & Theater Center Houston, the Miller Outdoor Theater, Houston Botanic Garden, and Confluence Park - San Antonio River Foundation.

Program 2

Expenses: $17,995 Revenue: $194,461

Dance Theater Classes & Workshops: Open Dance Project's in school program "Project Imagine Dance" supports new dance teachers in Houston Independent School District's K-8 classrooms. Open Dance...

Dance Theater Classes & Workshops: Open Dance Project's in school program "Project Imagine Dance" supports new dance teachers in Houston Independent School District's K-8 classrooms. Open Dance Project developed & led classroom workshops, residencies, performances, & professional development workshops (teacher trainings) in Houston area studios, 16 schools & afterschool programs & Levy Park that served over 3,600 students & teachers and social and community service centers serving homeless and vulnerable youth.

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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 (2024)

Revenue Breakdown

Contributions & Grants $256,725

Program Service Revenue $237,655

Investment Income $12,725

Other Revenue $14,305

TOTAL REVENUE $521,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $376,823

Fundraising Expenses $9,823

Program Expenses $429,520

Other Expenses $141,457

TOTAL EXPENSES $518,280

Year-over-Year Comparison

	2024	2023	Change
Revenue	$521,410	$534,691	0.0%
Expenses	$518,280	$512,223	+0.0%
Net Income	$3,130	$22,468	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Linda Rovira	President	1.0	Officer Director	$0	$0	$0
Thomas Folsom	Director	1.0	Director	$0	$0	$0
Niki Kasumi Clements	Director	1.0	Director	$0	$0	$0
Tara Kelly	Director	1.0	Director	$0	$0	$0
Marcus Wade	Director	1.0	Director	$0	$0	$0
Emily Jesse	Vice President	1.0	Officer Director	$0	$0	$0
Katherine Douglass	Secretary and Treasurer	1.0	Director	$0	$0	$0
Christina Griffin	Director	1.0	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	$521,410	$518,280	$418,503	$3,130
2023	$534,691	$512,223	$426,359	$22,468
2022	$508,388	$517,052	$405,517	$-8,664
2021	$565,384	$446,082	$419,792	$119,302
2020	$412,006	$329,484	$297,466	$82,522
2019	$432,424	$304,645	$209,474	$127,779
2018	$307,518	$267,144	$78,063	$40,374