DANCE ACADEMY VA PRODUCTIONS INC

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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

KATHERINE HORRIGAN

Phone

7038914292

Tax Period

2023-01-01 to 2023-12-31

DANCE ACADEMY VA PRODUCTIONS INC, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $210K in total revenue in fiscal year 2023. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $41K, a strong 19% operating margin.

Mission

TO PROVIDE QUALITY DANCE EDUCATION TO CHILDREN THROUGH DANCE PRODUCTIONS, SCHOLARSHIPS AND OUTREACH INITIATIVES.

Program Service Accomplishments

Program 1

Expenses: $168,047 Revenue: $201,638

WE PRODUCED OUR THIRD ANNUAL DANCE RECITAL AT KENMORE MIDDLE SCHOOL, WITH FIVE PERFORMANCES, 735 CHILDREN PERFORMING AND 3,042 TICKETS SOLD. WE AWARDED THREE SCHOLARSHIPS FOR STUDENTS TO TAKE DANCE CLASSES FOR THE 2023/2024 SCHOOL YEAR. WE PRODUCED OUR FIRST NUTCRACKER PRODUCTION AFTER BEING AWARDED THE CAPITAL ONE HALL THEATER AS A COMMUNITY ORGANIZATION. WE PERFORMED TWO SHOWS IN THE VAULT BLACK BOX THEATER WITH 75 PERFORMERS AND SOLD OUT THEATER OF 380 ATTENDEES.

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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 $8,664

Program Service Revenue $201,635

Investment Income $3

Other Revenue $0

TOTAL REVENUE $210,302

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $68,687

Fundraising Expenses $0

Program Expenses $168,047

Other Expenses $97,928

TOTAL EXPENSES $169,615

Year-over-Year Comparison

	2023	2022	Change
Revenue	$210,302	$119,391	+0.8%
Expenses	$169,615	$48,874	+2.5%
Net Income	$40,687	$70,517	-0.4%

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

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

Total Directors

$61,953

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE HORRIGAN	PRESIDENT	5.00	Director	$0	$0	$61,953
SARAH HORRIGAN-RAMOS	VICE PRESIDENT	1.00	Director	$0	$0	$0
SOFIA MORA	SECRETARY	1.00	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	No data	No data	No data	No data
2023	$210,302	$169,615	$239,985	$40,687