NEW BEDFORD BALLET FOUNDATION INC (EIN 043020515) - 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

1987

Legal Domicile

Principal Officer

MELISSA SCANLON

Phone

5089931387

Tax Period

2024-09-01 to 2025-08-31

NEW BEDFORD BALLET FOUNDATION INC, founded in 1987, is a small nonprofit that reported $310K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

PROMOTION AND PRESENTATION OF CLASSICAL BALLET, THE GRANTING OF FREE TUITION TO QUALIFIED STUDENTS AND THE EDUCATION OF THE COMMUNITY ON THE VALUE OF THE PERFORMING ARTS.

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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 $25,231

Program Service Revenue $275,930

Investment Income $8,402

Other Revenue $0

TOTAL REVENUE $309,563

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,981

Fundraising Expenses $9,345

Program Expenses $263,802

Other Expenses $157,434

TOTAL EXPENSES $317,415

Year-over-Year Comparison

	2024	2023	Change
Revenue	$309,563	$330,937	-0.1%
Expenses	$317,415	$314,600	+0.0%
Net Income	$-7,852	$16,337	-1.5%

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

Total Directors

$86,545

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA WASKIEL-MARCHESSEAULT	ARTISITIC &	4.00	Director	$52,060	$0	$52,060
KELLY WATKINS	DIRECTOR	4.00	Director	$23,655	$0	$23,655
PAMELA MATEUS	DIRECTOR	4.00	Director	$10,830	$0	$10,830
JENNIFER BUNGERT	TREASURER	8.00	Officer Director	$0	$0	$0
TERESA DEMEDEIROS	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
TRACY GILLEN	DIRECTOR	4.00	Director	$0	$0	$0
JOANNE GRACIA	DIRECTOR	4.00	Director	$0	$0	$0
CYNTHIA REDEL	CLERK	8.00	Officer Director	$0	$0	$0
SERENE ROUSSEAU	DIRECTOR	4.00	Director	$0	$0	$0
MELISSA SCANLON	PRESIDENT	10.00	Officer Director	$0	$0	$0
DEBORAH G SYNNOTT	DIRECTOR	4.00	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
2025	$309,563	$317,415	$400,734	$-7,852
2024	$330,937	$314,600	$412,801	$16,337
2023	$314,904	$312,209	$379,761	$2,695
2022	$277,365	$267,678	$359,154	$9,687
2021	$235,997	$239,979	$385,108	$-3,982
2020	$230,688	$248,329	$385,315	$-17,641
2019	$307,947	$252,939	$378,726	$55,008
2018	$286,979	$239,022	$326,318	$47,957

NEW BEDFORD BALLET FOUNDATION INC