CONTINUING THE LEGACY DANCE FOUNDATION (EIN 852317756) - 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

2020

Legal Domicile

Principal Officer

BERNARD GADDIS

Phone

8187496477

Tax Period

2024-01-01 to 2024-12-31

CONTINUING THE LEGACY DANCE FOUNDATION, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $274K in total revenue in fiscal year 2024. Expenses of $414K exceeded revenue, resulting in a 51% operating deficit.

Mission

THE MISSION IS TO CONTINUE THE AMERICAN LEGACY OF EXCELLENCE IN DANCE BY CREATING OPPORTUNITES TO NURTURE, EDUCATE, AND ADVANCE FUTURE ARTISTS.

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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 $274,112

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $274,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $249,565

Other Expenses $414,318

TOTAL EXPENSES $414,318

Year-over-Year Comparison

	2024	2023	Change
Revenue	$274,112	$269,012	+0.0%
Expenses	$414,318	N/A	N/A
Net Income	$-140,206	$269,012	-1.5%

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

$82,670

Total Directors

$61,710

Key Employees

$10,855

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNARD GADDIS	PRESIDENT	030.00	Officer Director	$30,855	$30,855	$61,710
CHARMAINE HUNTER	SECRETARY	015.00	Officer	$0	$0	$0
ASHLEY GEZANA	TREASURER	030.00	Officer Key Emp	$10,855	$0	$10,855
EDWIN OTERO	DIRECTOR	025.00	Officer	$10,105	$0	$10,105

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	$274,112	$414,318	No data	$-140,206
2023	$269,012	$258,059	$87,435	$10,953
2022	$222,706	$153,109	$76,481	$69,597

CONTINUING THE LEGACY DANCE FOUNDATION