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

1973

Legal Domicile

Principal Officer

Alison Ridings

Phone

3363706776

Tax Period

2024-07-01 to 2025-06-30

Dance Project Inc, founded in 1973, is a small nonprofit that reported $231K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $277K exceeded revenue, resulting in a 20% operating deficit.

Mission

Dance Project's mission is to cultivate the field of modern dance in North Carolina, nuturing a community of artists, audiences and students by providing opportunities for training, performance, collaboration and employment.

Program Service Accomplishments

Program 1

Expenses: $204,214 Revenue: $121,235

Dance Project supports regional artists and encourages the creation and presentation of original choregraphic works by area dance artists by providing opportunities for performance, training...

Dance Project supports regional artists and encourages the creation and presentation of original choregraphic works by area dance artists by providing opportunities for performance, training, professional development, and networking. In addition, it educates dance students of all ages and abilities through ongoing classes and community programs. Dance Project encourages the public in the arts by providing opportunities to view dance and to gain an understanding of and appreciation for modern dance.

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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 $90,344

Program Service Revenue $121,235

Investment Income $15,422

Other Revenue $3,909

TOTAL REVENUE $230,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $228,152

Fundraising Expenses $19,196

Program Expenses $204,214

Other Expenses $49,278

TOTAL EXPENSES $277,430

Year-over-Year Comparison

	2024	2023	Change
Revenue	$230,910	$251,816	-0.1%
Expenses	$277,430	$303,212	-0.1%
Net Income	$-46,520	$-51,396	-0.1%

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

$49,856

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anne Morris	Executive Dir.	40.00	Officer	$49,856	$0	$49,856
Liz Penn	Director	0.00	Director	$0	$0	$0
Alexandra Arpajian	Director	0.00	Director	$0	$0	$0
Davian Robinson	Director	0.00	Director	$0	$0	$0
Alison Ridings	Board Chair	0.00	Officer Director	$0	$0	$0
Elizabeth Minehart	Imm Past Chair	0.00	Officer Director	$0	$0	$0
Michele Smith	Vice Chair	0.00	Officer Director	$0	$0	$0
Lee Kirkman	Treasurer	0.00	Officer Director	$0	$0	$0
Bre Forbes	Secretary	0.00	Officer 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	$230,910	$277,430	$478,144	$-46,520
2024	$251,816	$303,212	$501,461	$-51,396
2023	$267,169	$309,443	$542,420	$-42,274
2022	$198,133	$294,068	$581,417	$-95,935
2021	$241,553	$219,122	$714,450	$22,431
2020	$216,646	$247,316	$618,721	$-30,670
2019	$278,919	$220,518	$657,547	$58,401