HERITAGE DANCE FOUNDATION 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

1991

Legal Domicile

Principal Officer

CHARLES ZWERLING

Phone

9193944802

Tax Period

2023-01-01 to 2023-12-31

HERITAGE DANCE FOUNDATION INC, founded in 1991, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $40K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $104K exceeded revenue, resulting in a 160% operating deficit.

Mission

TO PROMOTE THE EDUCATION OF COMPETITIVE BALLROOM DANCING.

Program Service Accomplishments

Program 1

Expenses: $80,109 Revenue: $7,521

FOR 2023, THE ORGANIZATION WAS ABLE TO PROVIDE LESSONS TO APPROXIMATELY 30 STUDENTS AND HELD TWO EVENTS, AS WELL AS RECEIVED SUPPORT OF APPROXIMATELY 20 VOLUNTEERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $32,500

Program Service Revenue $7,521

Investment Income $0

Other Revenue $0

TOTAL REVENUE $40,021

Expense Breakdown

Grants Paid $32,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $80,109

Other Expenses $71,418

TOTAL EXPENSES $103,918

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,021	$86,229	-0.5%
Expenses	$103,918	$201,062	-0.5%
Net Income	$-63,897	$-114,833	-0.4%

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

N/A

Employees

N/A

Volunteers

N/A

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
CHARLES ZWERLING	CHAIRMAN	5.00	Director	$0	$0	$0
MELISSA ZWERLING	VICE CHAIRMAN	2.00	Director	$0	$0	$0
PATTI TROY	ARTISTIC DIRECTOR	2.00	Director	$0	$0	$0
ALEXIS ZWERLING	TREASURER	2.00	Director	$0	$0	$0
TIFFANY THOMAS	SECRETARY	2.00	Director	$0	$0	$0
WILLIAM HOOPER	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSAN NOBERS	BOARD MEMBER	2.00	Director	$0	$0	$0
SADIE FUTRELL	BOARD MEMBER	2.00	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
2023	$40,021	$103,918	$200,119	$-63,897
2022	$86,229	$201,062	$264,016	$-114,833
2021	$-144,837	$183,325	$378,849	$-328,162
2020	$67,302	$121,781	$707,011	$-54,479
2019	$120,459	$124,364	$761,490	$-3,905
2018	$511,931	$120,086	$768,467	$391,845