Ormao Dance Company
Ormao Dance Company maintains stable operations with growing revenue and no executive compensation, but holds limited financial reserves.
EIN: 202793024 · Colorado Spgs, CO · NTEE: A6E · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $294K |
| Total Expenses | $271K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $300,000. |
| Net Assets | $37K |
| Transparency Score | 85/100 |
Is Ormao Dance Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ormao Dance Company directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ormao Dance Company
Ormao Dance Company (EIN: 202793024) is a nonprofit organization based in Colorado Spgs, CO, classified under NTEE code A6E. The organization reported total revenue of $294K and total assets of $28K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ormao Dance Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ormao Dance Company is a small nonprofit that has been operating for 15 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $276K |
| Total Expenses | $271K |
| Surplus / Deficit | +$5K |
| Total Assets | $37K |
| Total Liabilities | $869 |
| Net Assets | $37K |
| Operating Margin | 2.0% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 1.7 months |
Financial Health Grade: A
In 2023, Ormao Dance Company reported a surplus of $5K with revenue exceeding expenses, holds 1.7 months of operating reserves (limited), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Ormao Dance Company's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.7% | +8.1% | +4.1% |
| 2022 | +12.5% | +19.5% | -32.1% |
| 2021 | +15.7% | +29.1% | -17.3% |
| 2020 | -7.0% | -37.8% | +1090.2% |
| 2019 | +5.9% | +30.7% | -57.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ormao Dance Company with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Ormao Dance Company allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
Ormao Dance Company consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for an organization of its size with annual revenues approaching $300,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ormao Dance Company's IRS 990 filings:
- Low asset-to-expense ratio, indicating limited financial reserves (e.g., $37,398 assets vs. $270,847 expenses in 202312)
- Periods of significant deficit spending (e.g., 201912 with $261,060 expenses vs. $204,257 revenue)
Strengths
The following positive indicators were identified for Ormao Dance Company:
- Consistent revenue growth over the past decade (from $150,283 in 201412 to $276,315 in 202312)
- Zero officer compensation reported across all filings, indicating strong commitment to mission spending
- Consistent IRS 990 filing history, demonstrating transparency
- Generally operates near break-even or with small surpluses in recent years (e.g., $5,468 surplus in 202312)
Frequently Asked Questions about Ormao Dance Company
Is Ormao Dance Company a legitimate charity?
Ormao Dance Company (EIN: 202793024) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $294K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Ormao Dance Company spend its money?
Ormao Dance Company directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ormao Dance Company tax-deductible?
Ormao Dance Company is registered as a tax-exempt nonprofit (EIN: 202793024). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ormao Dance Company CEO make?
Ormao Dance Company's highest-compensated officer earns $300,000. annually. The organization reported $294K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ormao Dance Company's spending goes to programs?
Ormao Dance Company directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ormao Dance Company compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ormao Dance Company is above average for NTEE category A6E nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ormao Dance Company located?
Ormao Dance Company is headquartered in Colorado Spgs, Colorado and files with the IRS under EIN 202793024. It is classified under NTEE code A6E.
How many years of IRS 990 filings does Ormao Dance Company have?
Ormao Dance Company has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $294K in total revenue.
Is Ormao Dance Company financially stable?
Ormao Dance Company appears stable in its day-to-day operations, generally breaking even or achieving small surpluses, such as the $5,468 surplus in 202312. However, its assets of $37,398 in 202312 are relatively low compared to its annual expenses of $270,847, suggesting limited reserves for unexpected events.
How has Ormao Dance Company's revenue grown over time?
Ormao Dance Company has shown consistent revenue growth, increasing from $150,283 in 201412 to $276,315 in 202312, demonstrating a significant expansion of its financial base over the past decade.
Does Ormao Dance Company pay its officers?
No, Ormao Dance Company consistently reports 0% officer compensation in all available IRS 990 filings, indicating that no salaries are paid to its officers.
What is the trend in Ormao Dance Company's assets?
Ormao Dance Company's assets have fluctuated, reaching a high of $63,928 in 202012 but declining to $37,398 in 202312. While generally positive, the asset base remains modest relative to its operating expenses.
Filing History
IRS 990 filing history for Ormao Dance Company showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Ormao Dance Company's revenue has grown by 153.9%, moving from $109K to $276K. Total assets increased by 170.8% over the same period, from $14K to $37K. Total functional expenses rose by 152%, from $107K to $271K. In its most recent filing year (2023), Ormao Dance Company reported a surplus of $5K, with revenue exceeding expenses. The organization holds $869 in liabilities against $37K in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $37K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $276K | $271K | $37K | $869 | — | — |
| 2022 | $247K | $251K | $36K | $5K | — | View 990 |
| 2021 | $220K | $210K | $53K | $19K | — | View 990 |
| 2020 | $190K | $162K | $64K | $40K | — | — |
| 2019 | $204K | $261K | $5K | $10K | — | View 990 |
| 2018 | $193K | $200K | $13K | $9K | — | View 990 |
| 2017 | $163K | $158K | $11K | $8K | — | View 990 |
| 2016 | $153K | $157K | $4K | $6K | — | View 990 |
| 2015 | $147K | $150K | $10K | $7K | — | View 990 |
| 2014 | $150K | $143K | $12K | $7K | — | View 990 |
| 2013 | $130K | $137K | $9K | $12K | — | View 990 |
| 2012 | $109K | $107K | $14K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $276K, expenses of $271K, and assets of $37K (revenue +11.7% year-over-year).
- 2022: Revenue of $247K, expenses of $251K, and assets of $36K (revenue +12.5% year-over-year).
- 2021: Revenue of $220K, expenses of $210K, and assets of $53K (revenue +15.7% year-over-year).
- 2020: Revenue of $190K, expenses of $162K, and assets of $64K (revenue -7.0% year-over-year).
- 2019: Revenue of $204K, expenses of $261K, and assets of $5K (revenue +5.9% year-over-year).
- 2018: Revenue of $193K, expenses of $200K, and assets of $13K (revenue +18.2% year-over-year).
- 2017: Revenue of $163K, expenses of $158K, and assets of $11K (revenue +6.8% year-over-year).
- 2016: Revenue of $153K, expenses of $157K, and assets of $4K (revenue +3.9% year-over-year).
- 2015: Revenue of $147K, expenses of $150K, and assets of $10K (revenue -2.1% year-over-year).
- 2014: Revenue of $150K, expenses of $143K, and assets of $12K (revenue +15.3% year-over-year).
- 2013: Revenue of $130K, expenses of $137K, and assets of $9K (revenue +19.8% year-over-year).
- 2012: Revenue of $109K, expenses of $107K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ormao Dance Company:
Data Sources and Methodology
This transparency report for Ormao Dance Company is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.