THIRD LAW DANCETHEATER (EIN 841572264) - 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

2001

Legal Domicile

Principal Officer

LYNN ISRAEL

Phone

3034492415

Tax Period

2024-01-01 to 2024-12-31

THIRD LAW DANCETHEATER, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $382K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

DANCE/THEATER COMPANY THAT BRINGS THE POWER, JOY AND EXPERIENCE OF DANCE AND ARTISTIC EXCELLENCE TO PEOPLE OF ALL AGES AND ABILITIES THROUGH THE CREATION AND PRESENTATION OF INNOVATIVE LIVE PERFORMANCES AND EDUCATION.

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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 $335,128

Program Service Revenue $46,897

Investment Income $0

Other Revenue $0

TOTAL REVENUE $382,025

Expense Breakdown

Grants Paid $0

Salaries & Benefits $162,677

Fundraising Expenses $16,211

Program Expenses $318,067

Other Expenses $220,734

TOTAL EXPENSES $383,411

Year-over-Year Comparison

	2024	2023	Change
Revenue	$382,025	$333,556	+0.1%
Expenses	$383,411	$333,357	+0.2%
Net Income	$-1,386	$199	-8.0%

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

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

$68,917

Total Directors

$68,917

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN ISRAEL	PRESIDENT	2.00	Officer Director	$0	$0	$0
WILLIAM RAUP	TREASURER	2.00	Officer Director	$0	$0	$0
LYRA MAYFIELD	SECRETARY	2.00	Officer Director	$0	$0	$0
S KATIE ELLIOTT	EXECUTIVE DIRECTOR	40.00	Officer Director	$68,917	$0	$68,917

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	$382,025	$383,411	$216,667	$-1,386
2023	$333,556	$333,357	$218,053	$199
2022	$278,756	$208,414	$217,854	$70,342

THIRD LAW DANCETHEATER