Salt Contemporary Dance Inc

Nonprofit profile at a glance

EIN
465028488
IRS 990 coverage
2017–2024
Forms available
Form 990 2024, Form 990-N 2015
Location
St George, UT, USA
Phone
3852404554
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Official website

Reported finances

Revenue
$479,440
Expenses
$401,482
Assets
$122,744
Liabilities
$18,243

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

Leadership & pay

16 people listed

Highest reported compensation

  • MICHELLE NIELSEN (BOARD CHAIR): $24,179 total reported compensation
  • AMANDA COLEANGELO (ARTISTIC DIR): $23,156 total reported compensation

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

Overview

Mission

Expand the awareness, reach and capacity of salt unique performances and festivals. Continuously seek and create emerging and cutting-edge performances to stay at the most forefront of the dance industry. Educate dancers and community members on relevant, emerging contemporary performance through training programs, events, and outreach. In its first five years, salt has increased revenue and net income. Donors have more than doubled, and the current fundraising ratio is at a healthy 1%. The company is financially secure and the future looks promising. Salt held their first masquerade social event, vip night for donors, and link dance festival. Concert attendance was sustained. Salt had a turnover in dancers, with only four dancers staying, one previous salt dancer returning, one guest artists/choreographer dancing on the company, two apprentices moving up and joining the company. The company will have three apprentices this year, one from salt ii, one local, and one from out of state.

What it reported doing in 2024

Education - educate dancers and community members on relevant, emerging contemporary dance through workshops, festivals, and a multi-tier training program for aspiring dancers. Short term: 1. By 2024-2025, salt will have a four-tier training program reaching 50 aspiring dancers ages: 14-18 (salt senior), 18-25 (salt apprentices), 18+ (salt ii & salt pro) and a part-time education team (one education director, two company directors, one assistant) who facilitate and oversee all educational outreach and educational programming. 2. Salt will begin creating videos of workshops, live training sessions, and interactive mentoring. The efforts towards this becoming a reality are already underway through a mini video-training series distributed via social media. Long term: 1. By 2026, salt will have a four-tier training program reaching 100 aspiring dancers ages: 14-18 (salt senior), 18-25 (salt apprentices), 18+ (salt ii & salt pro) and a full-time education team (one program director, four company directors, two assistants) who facilitate and oversee all educational outreach and educational programming. 2. By 2026, salt will have an online portal for the global world of dancers to 1) access classes, workshops, live training sessions, and interactive mentoring 2) network with other dancers, choreographers, and companies and 3) connect with resources such as videographers, musicians, costumers, and trainers.

Operating model

Revenue model
Earned-program. 81% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 92
  • Accountability: 63
  • Sustainability: 43
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74%; rating input score 74
  • Program expense ratio: 88.3%; rating input score 88
  • Fundraising efficiency: $30.34 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 8 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 16.3%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 0.31; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0.15; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 11.8%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: 17.5% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: 15.7% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: 11.7% per year; rating input score 100; 70th percentile among comparable filings

Details

  • Where the money goes: 74% of revenue deployed · 88.3% of spending went to programs
  • Governance: 15 of 15 board members independent · 1 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $355K in reported program spending
  • Leadership: top reported pay $24K · 16 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Accountability: Governance controls: 6 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • High — Sustainability: Liabilities to assets ratio scored 23/100.
  • High — Sustainability: Officer compensation ratio scored 27/100.