STUDIO K FLAMENCO INC (EIN 822692011) - 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

Principal Officer

KERENSA DEMARS

Phone

4142140070

Tax Period

2023-01-01 to 2023-12-31

STUDIO K FLAMENCO INC, founded in 2017, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $80K in total revenue in fiscal year 2023. Expenses of $76K left a modest 5% surplus.

Mission

STUDIO K FLAMENCO IS MILWAUKEE'S HOME FOR THE FLAMENCO ARTS. WITH PROGRAMS LIKE TTHE ANNUAL FLAMENCO NUTCRACKER, THE COMPAS YOUTH PROJECT AND THE STUDIO K PRESENTS PERFORMANCE SERIES, STUDIO K IS COMMITTED TO FURTHERING THE ART OF FLAMENCO IN MILWAUKEE AND BEYOND. STUDIO K WORKS TO PRESERVE THE CULTURAL INTEGRITY OF FLAMENCO BY HOSTING VISITING ARTISTS FROM SPAIN, PROVIDING BILINGUAL EDUCATIONAL PROGRAMS IN SCHOOLS AND CREATING LEARNING OPPORTUNITIES FOR ALL AGES.

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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 $44,257

Program Service Revenue $35,511

Investment Income $28

Other Revenue $0

TOTAL REVENUE $79,796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $8,463

Program Expenses $65,461

Other Expenses $75,180

TOTAL EXPENSES $75,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$79,796	N/A	N/A
Expenses	$75,680	N/A	N/A
Net Income	$4,116	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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EUGENIA AFINOGUENOVA	BOARD MEMBER	0.50	Director	$0	$0	$0
KERENSA DEMARS	PRESIDENT	5.00	Director	$0	$0	$0
BRIAN DETTMERING	TREASURER	0.50	Director	$0	$0	$0
LEN IAQUINTA	BOARD MEMBER	0.50	Director	$0	$0	$0
FAUSTO JIMENEZ	BOARD MEMBER	0.50	Director	$0	$0	$0
NATALIE LACROSSE	SECRETARY	0.50	Director	$0	$0	$0
LISA LASKOWSKI	BOARD MEMBER	0.50	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
2024	No data	No data	No data	No data
2023	$79,796	$75,680	$23,082	$4,116
2022	$59,391	$61,627	$11,601	$-2,236

STUDIO K FLAMENCO INC