LULA WASHINGTON CONTEMPORARY DANCE FOUNDATION (EIN 953618350) - 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

1981

Principal Officer

ERWIN WASHINGTON

Phone

3232925852

Tax Period

2023-01-01 to 2023-12-31

LULA WASHINGTON CONTEMPORARY DANCE FOUNDATION, founded in 1981, is a small nonprofit in the Arts, Culture & Humanities sector that reported $167K in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $595K exceeded revenue, resulting in a 256% operating deficit.

Mission

THE LULA WASHINGTON CONTEMPORARY DANCE FOUNDATION IS A 501(C) 3 TAX EXEMPT ORGANIZATION FOUNDED IN 1980 BY LULA AND ERWIN WASHINGTON TO PROVIDE A CREATIVE OUTLET FOR MINORITY DANCE ARTISTS IN SOUTH LOS ANGELES. THE CREATIVE MISSION IS TO BUILD A PROFESSIONAL INNER-CITY BASED MODERN DANCE COMPANY THAT TOURS WORLD-WIDE WITH INNOVATIVE DANCE WORKS ROOTED IN AFRICAN AMERICAN HISTORY, CULTURE, AND VALUES. OUR EDUCATION MISSION IS TO CREATE A SCHOOL IN THE INNER CITY WHERE YOUNG PEOPLE CAN LEARN THE ART OF DANCE, LAUNCH CAREERS IN DANCE, AND WHERE DANCE IS USED TO MOTIVATE, EDUCATE, INSPIRE, CHALLENGE, AND ENRICH YOUNG LIVES SO THEY CAN GROW TO BECOME SUCCESSFUL, PRODUCTIVE, AND COMPETITIVE ADULTS.

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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 $94,476

Program Service Revenue $72,909

Investment Income $12

Other Revenue $0

TOTAL REVENUE $167,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,670

Fundraising Expenses $0

Program Expenses $484,955

Other Expenses $408,561

TOTAL EXPENSES $595,231

Year-over-Year Comparison

	2023	2022	Change
Revenue	$167,397	$586,017	-0.7%
Expenses	$595,231	$546,389	+0.1%
Net Income	$-427,834	$39,628	-11.8%

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

$93,017

Total Directors

$93,017

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LULA WASHINGTON	CHAIRMAN	40.00	Officer Director	$30,017	$0	$30,017
TAMICA WASHINGTON-MILLER	TRUSTEE	40.00	Officer Director	$35,000	$0	$35,000
ERWIN WASHINGTON	EXECUTIVE DI	40.00	Officer Director	$28,000	$0	$28,000
DR BEDE SENSALO	PRESIDENT	2.00	Director	$0	$0	$0
DR EMMA LEWIS THOMAS	VICE PRESIDE	2.00	Director	$0	$0	$0
MICHELLE WIGGINS	TREASURER	2.00	Director	$0	$0	$0
JANE DAWSON	TRUSTEE	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	No data	No data	No data	No data
2023	$167,397	$595,231	$1,825,943	$-427,834
2022	$586,017	$546,389	$2,248,469	$39,628
2021	$625,221	$612,593	$2,166,428	$12,628
2020	$1,058,759	$441,886	$2,147,249	$616,873

LULA WASHINGTON CONTEMPORARY DANCE FOUNDATION