BROOKLYN BALLETINC (EIN 020569320) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

LYNN PARKERSON

Phone

7182460146

Tax Period

2024-01-01 to 2024-12-31

BROOKLYN BALLETINC, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.4M exceeded revenue, resulting in a 16% operating deficit.

Mission

BROOKLYN BALLET IS A NOT-FOR-PROFIT ORGANIZATION, WHOSE MISSION IS TO PROMOTE ARTISTIC EXCELLANCE AND EDUCATION FOR BROOKLYN, NEW YORK'S DIVERSE COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $477,134

Program Service Revenue $720,002

Investment Income $7,205

Other Revenue $0

TOTAL REVENUE $1,204,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $679,286

Fundraising Expenses $992

Program Expenses $1,106,667

Other Expenses $716,326

TOTAL EXPENSES $1,395,612

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,204,341	$1,186,591	+0.0%
Expenses	$1,395,612	$1,635,471	-0.1%
Net Income	$-191,271	$-448,880	-0.6%

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

N/A

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

$99,750

Total Directors

$99,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN PARKERSON	FOUNDING ART	40.00	Officer Director	$99,750	$0	$99,750
DOUGLAS APPLE	BOARD MEMBER	10.00	Director	$0	$0	$0
ELENA BONIFACIO	BOARD MEMBER	10.00	Director	$0	$0	$0
BRETT CAROSELLI	BOARD MEMBER	10.00	Director	$0	$0	$0
CHRISTINA PRUSAK CHIANESE	BOARD MEMBER	10.00	Director	$0	$0	$0
MEREDITH HUNT	BOARD MEMBER	10.00	Director	$0	$0	$0
GUY DORSAINVIL II	TREASURER	10.00	Director	$0	$0	$0
ALLEN KRAUS	BOARD DIRECT	10.00	Director	$0	$0	$0
ELENA LIN	BOARD MEMBER	10.00	Director	$0	$0	$0
DIARRA K LAMAR MD	CHAIRMAN	10.00	Director	$0	$0	$0
MILI SHAH REDDY	BOARD MEMBER	10.00	Director	$0	$0	$0
ANTONIO REYNOSO	BOARD MEMBER	10.00	Director	$0	$0	$0
THERESA SCHIEBER	BOARD MEMBER	10.00	Director	$0	$0	$0
ANNABELLE ZHUNO	BOARD MEMBER	10.00	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	$1,204,341	$1,395,612	$1,104,062	$-191,271
2023	$1,186,591	$1,635,471	$1,402,534	$-448,880
2022	$1,292,591	$1,068,405	$1,082,162	$224,186
2021	$1,225,317	$683,536	$760,063	$541,781
2021	$1,225,317	$683,536	$760,063	$541,781
2020	$411,328	$417,886	$59,300	$-6,558
2019	$763,851	$779,867	$40,679	$-16,016
2018	$730,068	$811,504	$91,224	$-81,436

BROOKLYN BALLETINC