AMERICAN DANCE INSTITUTE

EIN: 522158599 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$231,550
Total Expenses
$1,678,858
Total Assets
$11,441,288
Net Assets
$6,381,052
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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
1999
Legal Domicile
MD
Principal Officer
ADRIENNE WILLIS
Phone
2125873003
Tax Period
2023-01-01 to 2023-12-31

AMERICAN DANCE INSTITUTE, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $232K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $1.7M exceeded revenue, resulting in a 625% operating deficit.

Mission

ADVANCING ARTISTIC EXCELLENCE THROUGH DANCE EDUCATION, PERFORMANCE, AND A STRONG COMMITMENT TO THE DEVELOPMENT OF NEW WORKS.

Program Service Accomplishments

Program 1
Expenses: $1,094,661

PROMOTED PERFORMING AND FINE ARTS, GAVE PERFORMANCES FOR THE COMMUNITY AT LARGE AND PROVIDED DANCE INSTRUCTION TO CHILDREN AND ADULTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $101,048
Program Service Revenue $0
Investment Income $40,283
Other Revenue $90,219
TOTAL REVENUE $231,550

Expense Breakdown

Grants Paid $20,000
Salaries & Benefits $686,872
Fundraising Expenses $49,089
Program Expenses $1,094,661
Other Expenses $971,986
TOTAL EXPENSES $1,678,858

Year-over-Year Comparison

2023 2022 Change
Revenue $231,550 $180,271 +0.3%
Expenses $1,678,858 $1,844,246 -0.1%
Net Income $-1,447,308 $-1,663,975 -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

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Governance

Voting Members
6
Independent Members
5
Employees
20
Volunteers
5

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
4
$230,390
Total Directors
6
$230,390
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBALL STROUD PRESIDENT / DIRECTOR 5.00
Officer Director
$0 $0 $0
DRCHRISTINE WHEELER TREASURER / DIRECTOR 5.00
Officer Director
$0 $0 $0
JESSICA MAILLOUX SECRETARY/ DIRECTOR 5.00
Officer Director
$0 $0 $0
CHRISTOPHER BOLAN DIRECTOR 5.00
Director
$0 $0 $0
ADRIENNE WILLIS EXECUTIVE DIRECTOR 40.00
Officer Director
$200,000 $30,390 $230,390
LOUISE KENNEDY DIRECTOR 5.00
Director
$0 $0 $0
JASON FORRESTER DIRECTOR OF BUSINESS DEVEL 40.00
Highest
$112,000 $0 $112,000
RUTH MOE PERFORMANCE SERIES DIRECTO 40.00
Highest
$106,456 $9,882 $116,338
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 $231,550 $1,678,858 $11,441,288 $-1,447,308
2022 $180,271 $1,844,246 $16,757,282 $-1,663,975
2021 $11,008,562 $2,084,578 $21,442,388 $8,923,984
2019 $416,428 $5,889,107 $17,996,005 $-5,472,679
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