Portland School of Ballet

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Financial Vulnerability Assessment (Tuckman-Chang)

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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, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $629K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Portland Ballet is dedicated to bringing dance to people of all ages and skill levels, while maintaining its focus on training young men and women for professional careers. Its Maines professional ballent company and leading classical training in the state.

Program Service Accomplishments

Program 1

Expenses: $60,789

Portland Ballet offers programs for all ages in the following groups Young, Syllabus, Corps and Adult. Its Young Dancer program is designed for dancers ages 3-7 promoting movement to music and...

Portland Ballet offers programs for all ages in the following groups Young, Syllabus, Corps and Adult. Its Young Dancer program is designed for dancers ages 3-7 promoting movement to music and developing dancers for the next stage. Its Syllabus is designed for dancers starting at age 7 and progresses through their teen years establishing a strong foundation in correct posture, classical placement, musicality, ballet technique, vocabulary and artistic expression. Its CORPS program is a pre-professional curriculum for high school and post-graduate students. Its three hours of intensive study in ballet, dance history, nutrition and stagecraft. Its Adult drop-in classes range from beginner to advance instruction.Throughout the year to showcase the schools dancers and their talents, the productions put on were Spooktacular, Building Ballets, and the Year-End Show.

Program 2

Expenses: $397,632

Portland Ballets production company presents four productions per season. This season was Tales by Poe, A Victorian Nutcracker, New Works, and Harlequinade.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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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

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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