DANCE KIDS 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

1993

Legal Domicile

Principal Officer

KELLIE QUINN-HOFFMEISTER

Phone

8316229008

Tax Period

2019-01-01 to 2019-12-31

DANCE KIDS INC, founded in 1993, is a small nonprofit that reported $139K in total revenue in fiscal year 2019. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $132K left a modest 5% surplus.

Mission

DANCE KIDS OF MONTEREY COUNTY WAS CREATED TO PROVIDE ONGOING PERFORMANCE OPPORTUNITIES IN DANCE AND THEATER ARTS TO THE YOUTH OF MONTEREY COUNTY. OUR MISSION IS TO STRENGTHEN CHARACTER AND POSITIVELY INFLUENCE CHILDREN'S LIVES THROUGH THE PERFORMING ARTS.

Program Service Accomplishments

Program 1

Expenses: $104,672 Revenue: $43,754

TRADITIONAL NUTCRACKER. MAIN PRODUCTION EVENT.

Program 2

Revenue: $7,414

DANCE KIDS TEACHES IS THE EDUCATION WING OF DANCE KIDS AND ATTACHED TO CASCANUECES:FOLKLORIC NUTCRACKER AND A PUBLIC SCHOOL. CLASSES IN FOLKLORIC DANCE ARE PART OF A SIX WEEK PREPARATORY TRAINING...

DANCE KIDS TEACHES IS THE EDUCATION WING OF DANCE KIDS AND ATTACHED TO CASCANUECES:FOLKLORIC NUTCRACKER AND A PUBLIC SCHOOL. CLASSES IN FOLKLORIC DANCE ARE PART OF A SIX WEEK PREPARATORY TRAINING SESSIONS FOR THE ACTUAL PRODUCTION OF THE PROFESSIONAL SHOW. STUDENTS ARE GIVEN FREE CLASSES BY PROFESSIONAL DANCERS AND MUSICIANS.THE AFTER SCHOOL CLASSES GIVEN IN BALLET, JAZZ, AND HIP HOP ARE PARTIALLY FUNDED BY THE MONTEREY PENINSULA UNFIIED SCHOOL DISTRICT AND GRANTING OPPORTUNITIES. THREE DAYS A WEEK, TEACHERS ARE INVOLVED IN CLASSES FOR STUDENTS' KINDERGARTEN THROUGH FIFTH GRADE IN MARINA,CA. PROFESSIONAL TEACHERS INTRODUCE BALLET, JAZZ AND HIP HOP AS WELL AS STORY-CREATIVE DANCE COMPONENT FOR THE YOUNGEST STUDENTS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $97,210

Program Service Revenue $51,168

Investment Income $0

Other Revenue $-8,947

TOTAL REVENUE $139,431

Expense Breakdown

Grants Paid $4,092

Salaries & Benefits $9,525

Fundraising Expenses $5,599

Program Expenses $104,672

Other Expenses $118,436

TOTAL EXPENSES $132,053

Year-over-Year Comparison

	2019	2018	Change
Revenue	$139,431	$191,171	-0.3%
Expenses	$132,053	$190,685	-0.3%
Net Income	$7,378	$486	+14.2%

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

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

$9,525

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL RICHMOND	FOUNDER/PRODUCTION DIRECTOR	15.00	Director	$9,525	$0	$9,525
SCOTT JULIAN	CHAIRMAN	1.50	Officer Director	$0	$0	$0
CATHERINE FANOE	DIRECTOR	1.50	Director	$0	$0	$0
ESTEBAN HERNANDEZ	DIRECTOR	1.50	Director	$0	$0	$0
MATTHEW KREMER	DIRECTOR	1.50	Director	$0	$0	$0
BERNIZ HOUSE	DIRECTOR	1.50	Director	$0	$0	$0
MADISON HART	DIRECTOR	1.50	Director	$0	$0	$0
JEANNETTE WITTEN	DIRECTOR	1.50	Director	$0	$0	$0
NICOLE CAPPS	DIRECTOR	1.50	Director	$0	$0	$0
RICH LARSEN	DIRECTOR	1.50	Director	$0	$0	$0
MADDOX HABERDASHER	DIRECTOR	1.50	Director	$0	$0	$0
PHILIP PEGLER	DIRECTOR	1.50	Director	$0	$0	$0
ALAN RICHMOND	EXECUTIVE DIRECTOR	15.00	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
2019	$139,431	$132,053	$40,741	$7,378