EDGE SCHOOL OF THE ARTS DANCE LEGACY INC (EIN 823426582) - 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

Brendez Wineglass

Phone

3473215873

Tax Period

2023-01-01 to 2023-12-31

EDGE SCHOOL OF THE ARTS DANCE LEGACY INC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $205K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

Edge School of the Arts Dance Legacy, Inc. provides dance education and performance opportunities for children and youth in Jamaica, Queens, promoting cultural enrichment, discipline, and community engagement through classes, workshops, and public performances.

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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 $195,000

Program Service Revenue $9,650

Investment Income $0

Other Revenue $0

TOTAL REVENUE $204,650

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,678

Fundraising Expenses $0

Program Expenses $185,103

Other Expenses $65,212

TOTAL EXPENSES $200,890

Year-over-Year Comparison

	2023	2022	Change
Revenue	$204,650	$160,000	+0.3%
Expenses	$200,890	$163,720	+0.2%
Net Income	$3,760	$-3,720	-2.0%

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

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

$80,000

Total Directors

$80,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brendez Wineglass	President	20.00	Officer	$0	$0	$0
Brice Vock	Treasurer	10.00	Officer	$0	$0	$0
Jerome McKnight	Secretary	5.00	Officer	$0	$0	$0
Ricardo Bentham	Member	2.00	Director	$0	$0	$0
Kerri Edge	Director	100.00	Officer Director	$80,000	$0	$80,000

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
2023	$204,650	$200,890	$7,960	$3,760

EDGE SCHOOL OF THE ARTS DANCE LEGACY INC