Tap Fever Studios (EIN 800177487) - 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

2008

Legal Domicile

Principal Officer

Larisa Hall

Phone

8584567301

Tax Period

2024-01-01 to 2024-12-31

Tap Fever Studios, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $141K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $177K exceeded revenue, resulting in a 25% operating deficit.

Mission

Tap Fever Studios provides accessible dance opportunities to people of all ages with and without disabilities We empower students to achieve their goals through the performing arts Anyone can dance if given the chance

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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 $47,665

Program Service Revenue $93,489

Investment Income $0

Other Revenue $0

TOTAL REVENUE $141,154

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,832

Fundraising Expenses $6,895

Program Expenses $88,966

Other Expenses $119,024

TOTAL EXPENSES $176,606

Year-over-Year Comparison

	2024	2023	Change
Revenue	$141,154	$247,082	-0.4%
Expenses	$176,606	$243,317	-0.3%
Net Income	$-35,452	$3,765	-10.4%

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

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	Role	Reportable Comp	Other Comp	Total
KARIANN MEDINA	Board President	Officer Director	$0	$0	$0
BETHANY WILK	Board Secretary	Officer Director	$0	$0	$0
JENNIFER PARK	Board Treasurer	Officer Director	$0	$0	$0
JOHN SPENCE	Board Member	Director	$0	$0	$0
LARISA HALL	Executive Director	Key Emp	$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
2024	$141,154	$176,606	$87,168	$-35,452
2023	$247,082	$243,317	$125,880	$3,765
2022	$295,745	$215,655	$99,509	$80,090
2022	$295,745	$215,512	$99,652	$80,233
2020	$129,592	$130,187	$4,279	$-595
2019	$190,652	$249,985	$6,105	$-59,333
2018	$199,285	$208,584	$7,256	$-9,299

Tap Fever Studios