American Dance and Music Inc
Nonprofit profile at a glance
- EIN
- 205657230
- IRS 990-EZ coverage
- 2017–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024, Form 990-N 2016
- Location
- Santa Barbara, CA, USA
- Phone
- 8054507535
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Ballet
Reported finances
- Revenue
- $168,816
- Expenses
- $224,111
- Assets
- $50,350
- Liabilities
- $21,500
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- CARRIE DIAMOND (PRESIDENT)
- ANNE OVADIA (VICE PRESIDENT)
People named in this filing
- CARRIE DIAMOND (PRESIDENT)
- ANNE OVADIA (VICE PRESIDENT)
- ERIC VALINSKY (SECRETARY)
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
Dance performance & instruction for beginners to professionals
What it reported doing in 2024
Providing dance instruction & rehearsal space fordancers from beginners to professionals
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 93
- Sustainability: 17
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 84.3%; rating input score 84
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 3rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -32.8%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0.22; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 0.43; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 6.7% per year; rating input score 100; 53rd percentile among comparable filings
- Revenue growth: 7.3% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: 9.8% per year; rating input score 100; 61st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 84.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $189K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2017 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: Operating margin scored 4/100.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.