MAINE STATE BALLET (EIN 010420070) - 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

1986

Legal Domicile

Principal Officer

Linda Miele

Tax Period

2023-09-01 to 2024-08-31

MAINE STATE BALLET is a 501(c)(3) with EIN 010420070, based in Falmouth, ME. Founded in 1986, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $1,253,757 in total revenue and $1,320,689 in total expenses, with net assets of $1,192,967.

Mission

Maine State Ballets mission to uplift the Maine community through inspiring 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 $46,637

Program Service Revenue $1,141,146

Investment Income $63,746

Other Revenue $2,228

TOTAL REVENUE $1,253,757

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $638,649

Fundraising Expenses $68,372

Program Expenses $1,139,836

Other Expenses $657,040

TOTAL EXPENSES $1,320,689

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,253,757	$1,268,498	0.0%
Expenses	$1,320,689	$1,234,633	+0.1%
Net Income	$-66,932	$33,865	-3.0%

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

$132,416

Total Directors

$132,416

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Linda Miele	Artistic Director	40.00	Officer Director	$128,995	$3,421	$132,416
Judith Kimball	Director	1.00	Director	$0	$0	$0
Katie Guare	Director	1.00	Director	$0	$0	$0
Barry Bernard	Director	1.00	Director	$0	$0	$0
Steve Carter	Director	1.00	Director	$0	$0	$0
Matt Cook	President	2.00	Officer Director	$0	$0	$0
Peter Hall	Treasurer Part-Year	1.00	Officer Director	$0	$0	$0
Zsuzsa Williams	Secretary	2.00	Officer Director	$0	$0	$0
Curtis Call	Treasurer Part-Year	2.00	Officer 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	$1,253,757	$1,320,689	$2,500,213	$-66,932
2023	$1,268,498	$1,234,633	$2,644,480	$33,865
2022	$1,238,743	$1,073,363	$2,657,506	$165,380
2022	$1,218,743	$1,053,363	$2,657,506	$165,380
2021	$1,102,395	$434,246	$2,522,612	$668,149
2020	$904,468	$926,789	$2,251,361	$-22,321
2019	$1,141,009	$1,111,692	$2,051,594	$29,317
2018	$1,009,293	$1,049,345	$2,067,769	$-40,052

MAINE STATE BALLET