The Institute for Dance Inc (EIN 510227086) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

The Institute for Dance Inc, founded in 1978, is a small nonprofit that reported $383K in total revenue in fiscal year 2018. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $370K left a modest 3% surplus.

Mission

To provide excellent dance instruction for students and high qualityproductions for the community. A recital is presented to the communityeach June to showcase the talents of the students in addition to a holiday show and other local performances.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $464,257

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $464,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,570

Fundraising Expenses $136

Program Expenses $385,854

Other Expenses $237,098

TOTAL EXPENSES $386,668

Year-over-Year Comparison

	2023	2022	Change
Revenue	$464,257	$413,451	+0.1%
Expenses	$386,668	$406,705	0.0%
Net Income	$77,589	$6,746	+10.5%

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

100

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
Amy Hughes	Director	3.00	Director	$0	$0	$0
Tara Stratton	Director	3.00	Director	$0	$0	$0
Jesse Goodrich	Director	3.00	Director	$0	$0	$0
Samantha Forsyth	Director	3.00	Director	$0	$0	$0
Katie SheehanSmith	Director	3.00	Director	$0	$0	$0
Michelle Alexander	Director	3.00	Director	$0	$0	$0
Princess Walls	Director	3.00	Director	$0	$0	$0
Kathy Palmo	Studio Director	40.00	Director	$0	$0	$0
Alison Broaddus	Vice President	5.00	Officer	$0	$0	$0
Shannon Rickert	President	20.00	Officer	$0	$0	$0
Helen Nguyen	Treasurer	3.00	Officer	$0	$0	$0
Rebecca Latourell	Secretary	3.00	Officer	$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	No data	No data	No data	No data
2023	$464,257	$386,668	$204,175	$77,589
2022	$413,451	$406,705	$131,509	$6,746
2021	$373,606	$370,812	$120,271	$2,794
2020	$320,756	$339,925	$134,182	$-19,169
2019	$400,378	$385,163	$141,427	$15,215
2018	$383,284	$370,309	$126,607	$12,975

The Institute for Dance Inc