Traverse City Dance Project (EIN 822391695) - 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

2017

Legal Domicile

Phone

2316312195

Tax Period

2025-01-01 to 2025-12-31

Traverse City Dance Project, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $206K in total revenue in fiscal year 2025. Expenses of $236K exceeded revenue, resulting in a 14% operating deficit.

Mission

The Corporation shall have the purpose of supporting the creation and promotion of the arts, including visual and performance art, and providing education regarding the arts. The purposes include: to build and stage a bold mixture of new and existing dance works to inspire and educate audiences to collaborate within the community where performances are located to provide a creative laboratory for dancers and choreographers and to commission music.

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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 (2025)

Revenue Breakdown

Contributions & Grants $189,847

Program Service Revenue $15,874

Investment Income $737

Other Revenue $0

TOTAL REVENUE $206,458

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $213,889

Other Expenses $236,125

TOTAL EXPENSES $236,125

Year-over-Year Comparison

	2025	2024	Change
Revenue	$206,458	N/A	N/A
Expenses	$236,125	N/A	N/A
Net Income	$-29,667	N/A	N/A

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
Brent Whitney	Treasurer	5.00	Officer Director	$0	$0	$0
Jennifer McQusiton Lott	President	1.00	Officer Director	$0	$0	$0
Susan Kettering	Vice President	0.00	Officer 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
2025	$206,458	$236,125	$33,868	$-29,667

Traverse City Dance Project