Rivertown Dance Academy

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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

2016

Legal Domicile

Principal Officer

Jessica Horgan

Phone

9146314302

Tax Period

2023-07-01 to 2024-06-30

Rivertown Dance Academy, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $394K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $359K left a modest 9% surplus.

Mission

Rivertown Dance Academy was founded on the belief that everyone, regardless of ability to pay,

Program Service Accomplishments

Program 1

Expenses: $359,168 Revenue: $393,960

Rivertown Dance Academy was founded on the belief that everyone, regardless of ability to pay, should have the opportunity to pursue high-quality and comprehensive dance education. Rivertown Dance...

Rivertown Dance Academy was founded on the belief that everyone, regardless of ability to pay, should have the opportunity to pursue high-quality and comprehensive dance education. Rivertown Dance Academy is accessible in location, literature, and in ability to provide need- based financial aid. The faculty of Rivertown Dance Academy is dedicated to developing the artistic and personal growth of each student and is uniquely qualified academically, professionally, and pedagogically. Rivertown Dance Academy offers outstanding dance education for all ages, interests, and abilities through year-round classes, workshops, and performing ensembles.

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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 $20,756

Program Service Revenue $362,235

Investment Income $0

Other Revenue $10,969

TOTAL REVENUE $393,960

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,423

Fundraising Expenses $0

Program Expenses $359,168

Other Expenses $130,212

TOTAL EXPENSES $359,168

Year-over-Year Comparison

	2023	2022	Change
Revenue	$393,960	$314,068	+0.3%
Expenses	$359,168	$284,337	+0.3%
Net Income	$34,792	$29,731	+0.2%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jessica Horgan	Executive Director	25.00	Officer	$0	$0	$0
Erica Moshman	Director of Operation	20.00	Officer	$0	$0	$0
Jessica Horgan	President	2.00	Director	$0	$0	$0
Erica Moshman	Vice President	2.00	Director	$0	$0	$0
Antony Clements	Secretary	2.00	Officer	$0	$0	$0
Michael Horgan	Treasurer	2.00	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
2025	No data	No data	No data	No data
2024	$393,960	$359,168	$158,880	$34,792
2023	$314,068	$284,337	$124,088	$29,731
2022	$254,370	$223,504	$51,033	$30,866
2021	$256,528	$230,761	$20,167	$25,767
2020	$275,414	$279,636	$30,177	$-4,222
2019	$284,187	$273,374	$4,122	$10,813
2018	$324,501	$319,774	$8,309	$4,727