Portland School of Ballet (EIN 010372997) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

Tatyana Nossova

Phone

2077729671

Tax Period

2023-08-01 to 2024-07-31

Portland School of Ballet is a 501(c)(3) with EIN 010372997, based in Portland, ME. Founded in 1980, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $629,099 in total revenue and $634,942 in total expenses, with net assets of $169,214.

Mission

It is Portland Ballets mission to enrich our community through dance, education, and performance.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $133,151

Program Service Revenue $494,084

Investment Income $231

Other Revenue $1,633

TOTAL REVENUE $629,099

Expense Breakdown

Grants Paid $0

Salaries & Benefits $348,585

Fundraising Expenses $7,079

Program Expenses $458,421

Other Expenses $286,357

TOTAL EXPENSES $634,942

Year-over-Year Comparison

	2023	2022	Change
Revenue	$629,099	$579,343	+0.1%
Expenses	$634,942	$559,392	+0.1%
Net Income	$-5,843	$19,951	-1.3%

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

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

$53,509

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nell Shipman	Executive Director	040.00	Officer	$53,509	$0	$53,509
Ellen Weaver	President	002.00	Officer Director	$0	$0	$0
Tatyana Nossova	Treasurer	002.00	Officer Director	$0	$0	$0
Ry MacLoughlin	Assistant Treasurer	002.00	Officer Director	$0	$0	$0
Carly Kasle	Director	002.00	Director	$0	$0	$0
Kelly Johnson	Secretary	002.00	Officer Director	$0	$0	$0
Fairfield Bonsall	Director	002.00	Director	$0	$0	$0
Warren Graver	Director	002.00	Director	$0	$0	$0
Samantha Marinko	Director	002.00	Director	$0	$0	$0
Allison Bromski	Vice President	002.00	Officer Director	$0	$0	$0
Ryan Munro	Director	002.00	Director	$0	$0	$0
Diana Grandoni	Director	002.00	Director	$0	$0	$0
Risa Ogansoff Heersche	Director	002.00	Director	$0	$0	$0
Meghan Reedy	Director	002.00	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	$629,099	$634,942	$169,521	$-5,843
2023	$579,343	$559,392	$175,364	$19,951
2022	$547,468	$464,108	$186,689	$83,360
2021	$419,481	$528,317	$135,659	$-108,836
2021	$437,573	$454,789	$237,317	$-17,216
2020	$437,573	$454,789	$244,495	$-17,216
2019	$486,614	$491,546	$231,336	$-4,932
2018	$597,032	$538,098	$247,310	$58,934

Portland School of Ballet