Terpsicorps Theatre of Dance (EIN 542124670) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

Heather Maloy

Phone

8287611371

Tax Period

2024-09-01 to 2025-08-31

Terpsicorps Theatre of Dance, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $246K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 24% operating margin.

Mission

Terpsicorps Theater of Dance brings innovative dance to the communities of Asheville and Winston-Salem as well as the state of North Carolina through concert performances; collaberations with local and nationally known artists and arts organizations; outreach programs for people of all cultural and economic backgrounds designed to delight, enlighten and educate.

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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 $157,901

Program Service Revenue $85,300

Investment Income $1,537

Other Revenue $840

TOTAL REVENUE $245,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,045

Fundraising Expenses $1,921

Program Expenses $179,577

Other Expenses $135,968

TOTAL EXPENSES $187,013

Year-over-Year Comparison

	2024	2023	Change
Revenue	$245,578	$164,062	+0.5%
Expenses	$187,013	$206,706	-0.1%
Net Income	$58,565	$-42,644	-2.4%

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
Mountaine Jonas	Board Chair	1.00	Officer Director	$0	$0	$0
LeeAnn Donnelly	Secretary	1.00	Officer Director	$0	$0	$0
Audra Gaiziunas	Treasurer	1.00	Officer Director	$0	$0	$0
Ogla Lucia	Director	1.00	Director	$0	$0	$0
Mary Lynn Wigodsky	Director	1.00	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	$245,578	$187,013	$132,456	$58,565
2021	$215,164	$181,780	$148,167	$33,384
2020	$233,832	$176,464	$126,969	$57,368
2019	$260,559	$264,341	$79,601	$-3,782
2019	$260,559	$264,341	$79,601	$-3,782
2018	$288,506	$246,942	$100,814	$41,564

Terpsicorps Theatre of Dance