AMERICAN DANCE ASYLUM 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

1974

Legal Domicile

Principal Officer

LOIS WELK

Phone

6079366374

Tax Period

2024-07-01 to 2025-06-30

AMERICAN DANCE ASYLUM INC, founded in 1974, is a small nonprofit that reported $528K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

TO PROMOTE CONTEMPORARY DANCE THROUGH THE ARTS

Program Service Accomplishments

Program 1

Expenses: $505,166 Revenue: $22,729

THE CORPORATION IS A PERFORMING ARTS, PRODUCTION AND SERVICE ORGANIZATION THAT CONNECTS ARTISTS WITH COMMUNITIES, INCLUDING BUT NOT LIMITED TO NEW YORK STATE, FOR THE PURPOSE OF SUPPORTING THE WORK OF CREATIVE ARTISTS AND IMPROVING THE QUALITY OF LIFE IN THE COMMUNITIES THAT THEY INVOLVE.

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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 $486,699

Program Service Revenue $0

Investment Income $18,739

Other Revenue $22,729

TOTAL REVENUE $528,167

Expense Breakdown

Grants Paid $186,489

Salaries & Benefits $74,690

Fundraising Expenses $0

Program Expenses $505,166

Other Expenses $270,404

TOTAL EXPENSES $531,583

Year-over-Year Comparison

	2024	2023	Change
Revenue	$528,167	$590,987	-0.1%
Expenses	$531,583	$490,205	+0.1%
Net Income	$-3,416	$100,782	-1.0%

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

$70,400

Total Directors

$30,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE KURBABA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LOIS WELK	PRESIDENT	5.00	Officer Director	$30,400	$0	$30,400
JOSHUA PALMATIER	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$0
MARY ELLEN LAGANA	BOARD MEMBER	1.00	Director	$0	$0	$0
PAOLA BELLU	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE TYRRELL	BOARD MEMBER	1.00	Director	$0	$0	$0
GREGORY CARY	BOARD MEMBER	1.00	Director	$0	$0	$0
CURT E STEINZOR	EXECUTIVE DIRECTOR	20.00	Officer	$40,000	$0	$40,000

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	$528,167	$531,583	$776,456	$-3,416
2024	$590,987	$490,205	$759,899	$100,782
2023	$416,194	$393,549	$701,719	$22,645
2022	$293,315	$281,845	$431,767	$11,470
2021	$247,368	$253,078	$529,704	$-5,710
2020	$242,171	$226,290	$489,655	$15,881
2019	$256,848	$201,644	$468,742	$55,204
2018	$221,920	$202,150	$433,224	$19,770