DANCEASPEN

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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

2021

Legal Domicile

Principal Officer

GAIL WEINGLASS

Phone

4158467291

Tax Period

2024-01-01 to 2024-12-31

DANCEASPEN, founded in 2021, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $439K, a strong 33% operating margin.

Mission

TO ENRICH THE ROARING FORK COMMUNITY THROUGH LOCALLY BASED CURATIONS OF HIGH CALIBER DANCE.

Program Service Accomplishments

Program 1

Expenses: $685,659 Revenue: $88,384

IN 2024, DANCEASPEN DEEPENED ITS ARTISTIC AND COMMUNITY FOOTPRINT WITH 13 WORLD PREMIERES AND TWO PROGRAMS AT THE WHEELER OPERA HOUSE. FREE AND OUTREACH PERFORMANCES REACHED 4,162 COMMUNITY MEMBERS, WHILE OUR IN-SCHOOL MOVEMENT PROGRAM, DANCESTART, SERVED 1,200+ STUDENTS ACROSS THE ROARING FORK VALLEY. REGIONALLY, THE COMPANY TOURED TO LONE TREE, COLORADO SPRINGS, THE VAIL DANCE FESTIVAL, AND TACAW (THE ARTS CAMPUS AT WILLITS). THE SEASON FEATURED ACCLAIMED CHOREOGRAPHIC VOICES OF ROBYN MINEKO WILLIAMS, PENNY SAUNDERS, JAMAR ROBERTS, AND CAYETANO SOTO, HIGHLIGHTING DANCEASPEN'S COMMITMENT TO BOLD, CONTEMPORARY CREATION AND COMMUNITY ACCESS.

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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 $1,188,787

Program Service Revenue $88,384

Investment Income $34,042

Other Revenue $0

TOTAL REVENUE $1,311,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $481,072

Fundraising Expenses $74,965

Program Expenses $685,659

Other Expenses $391,537

TOTAL EXPENSES $872,609

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,311,213	$1,155,559	+0.1%
Expenses	$872,609	$695,053	+0.3%
Net Income	$438,604	$460,506	0.0%

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

$68,431

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAUREL WINTON	EXEC/ARTISTI	40.00	Officer	$66,438	$1,993	$68,431
GAIL WEINGLASS	CHAIR	0.50	Officer Director	$0	$0	$0
MATT FERGUSON	SECRETARY	0.50	Officer Director	$0	$0	$0
DAVID ALTENAU	TREASURER	0.50	Officer Director	$0	$0	$0
JOHN SARPA	DIRECTOR	0.50	Director	$0	$0	$0
JAMAY SHOOK	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER SINGH	DIRECTOR	0.50	Director	$0	$0	$0
SOFFIA WARDY	DIRECTOR	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	$1,311,213	$872,609	$1,564,716	$438,604
2023	$1,155,559	$695,053	$1,066,337	$460,506
2022	$779,742	$494,884	$596,377	$284,858
2021	$364,396	$82,459	$298,178	$281,937