ABILITIES DANCE INC (EIN 824468746) - 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

2018

Legal Domicile

Principal Officer

ALISON ELLICE PATTERSON

Phone

7814654032

Tax Period

2024-01-01 to 2024-12-31

ABILITIES DANCE INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $507K in total revenue in fiscal year 2024. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $97K, a strong 19% operating margin.

Mission

THE SPECIFIC PURPOSE OF ABILITIES DANCE IS TO: 1) PROVIDE A PROFESSIONAL PLATFORM FOR ADULT DANCERS OF ALL PHYSICAL AND MENTAL ABILITIES THROUGH PERFORMANCE OPPORTUNITIES IN THE BOSTON AREA AND BEYOND AS A MIXED ABILITIES COMPANY 2) PROVIDE CLASSES TO TEACH AND BUILD UPON TECHNIQUE FROM MULTIPLE DANCE DISCIPLINES FOR DANCERS OF ALL AGES AND ALL PHYSICAL AND MENTAL ABILITIES.

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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 $472,573

Program Service Revenue $31,982

Investment Income $1,891

Other Revenue $958

TOTAL REVENUE $507,404

Expense Breakdown

Grants Paid $0

Salaries & Benefits $243,137

Fundraising Expenses $30,877

Program Expenses $264,477

Other Expenses $167,344

TOTAL EXPENSES $410,481

Year-over-Year Comparison

	2024	2023	Change
Revenue	$507,404	$270,192	+0.9%
Expenses	$410,481	$353,006	+0.2%
Net Income	$96,923	$-82,814	-2.2%

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

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

$95,819

Total Directors

$95,819

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALISON ELLICE PATTERSON	PRESIDENT, CLERK	40.00	Officer Director	$95,819	$0	$95,819
NICOLE HARRISON	CHAIRMAN OF THE BOARD	2.00	Director	$0	$0	$0
GREG MANOUSOS	TREASURER	2.00	Director	$0	$0	$0
RACHEL JELLINEK	BOARD MEMBER	2.00	Director	$0	$0	$0
TARSHA WARD	SECRETARY	2.00	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	$507,404	$410,481	$394,877	$96,923
2023	$270,192	$353,006	$278,944	$-82,814

ABILITIES DANCE INC