Ambo Dance Theatre Inc

Nonprofit profile at a glance

EIN
862255346
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Louisville, KY, USA
Phone
8187261214
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Reported finances

Revenue
$115,980
Expenses
$111,478
Assets
$5,009

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • AMBERLY M SIMPSON (CEO)

People named in this filing

  • AMBERLY M SIMPSON (CEO)
  • JOSEPH R BRANDT (CFO)
  • MYSTI PRIDE (OFFICE ASSISTANT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Rooted in modern dance, we provide access to dance education, performance, and career opportunities through the creation of original concert dance works that inspire and engage diverse audiences in Kentucky and beyond.

What it reported doing in 2024

The theatre provided accessible dance training opportunities to 17 community members through scholarships and accessible performance viewing through pay-what-you-can options. We also partnered with other local organizations to provide 22 free public performances and 110 single day modern dance workshops to those who may otherwise not be exposed to or have modern dance as an option.

Operating model

Revenue model
Earned-program. 66% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 82
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.2%; rating input score 80
  • Program expense ratio: 83.5%; rating input score 83

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 3.9%; rating input score 45; 45th percentile among comparable filings
  • Total-asset coverage ratio: 0.04; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 41.7% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 40.7% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 73.9% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 80.2% of revenue deployed · 83.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $93K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • Moderate — Sustainability: Operating margin scored 45/100.