Carolina Dance Foundation Inc (EIN 680655997) - 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

2006

Legal Domicile

Principal Officer

Teresa Atkinson

Tax Period

2021-07-01 to 2022-06-30

Carolina Dance Foundation Inc, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $368K in total revenue in fiscal year 2021. Revenue surged 72% from the prior year, signaling strong growth momentum.

Mission

We promote dance education and awareness within the Triangle region through community outreach and quality dance performances.

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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 (2021)

Revenue Breakdown

Contributions & Grants $2,462

Program Service Revenue $349,683

Investment Income $10

Other Revenue $16,029

TOTAL REVENUE $368,184

Expense Breakdown

Grants Paid $8,215

Salaries & Benefits $48,425

Fundraising Expenses $2,591

Program Expenses $364,728

Other Expenses $314,362

TOTAL EXPENSES $371,002

Year-over-Year Comparison

	2021	2020	Change
Revenue	$368,184	$213,616	+0.7%
Expenses	$371,002	$218,755	+0.7%
Net Income	$-2,818	$-5,139	-0.5%

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

N/A

Volunteers

120

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

$48,134

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Missy Blackburn	Artistic Director	10.00	Director	$12,428	$0	$12,428
Kai Hinkey	General Board Member	10.00	Director	$8,928	$0	$8,928
Lindsay Collins Shaw	Artistic Director	10.00	Director	$8,600	$0	$8,600
Jennifer Culler Moore	Artistic Director	10.00	Director	$7,600	$0	$7,600
Carina Goodman	Asst Director - Tap	10.00	Director	$6,078	$0	$6,078
Danielle Hoeckel	Asst Director - Jazz	10.00	Director	$4,500	$0	$4,500
Kathryn Hutchinson	Outreach Director	10.00	Director	$0	$0	$0
Sherry Bailey	President Emeritus	10.00	Director	$0	$0	$0
Tammy Hnatek	Co-Performance Director	10.00	Director	$0	$0	$0
Amber Jones	Communications Director	10.00	Director	$0	$0	$0
Christina Gainor	Volunteer Director	10.00	Director	$0	$0	$0
Lindsay Myers	Co-Performance Director	10.00	Director	$0	$0	$0
Andrea Cook	Fundraising Director	10.00	Director	$0	$0	$0
Cathy Robinson	President	10.00	Officer	$0	$0	$0
Teresa Atkinson	Treasurer	10.00	Officer	$0	$0	$0
Sarah Mears	Secretary	10.00	Officer	$0	$0	$0
Annette Trammel	Vice President	10.00	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
2022	$368,184	$371,002	$115,716	$-2,818
2021	$213,616	$218,755	$114,615	$-5,139
2020	$223,592	$181,552	$116,404	$42,040
2019	$259,808	$249,444	$73,528	$10,364

Carolina Dance Foundation Inc