BALLET RI (EIN 050377245) - 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

1983

Legal Domicile

Principal Officer

KATHLEEN BREEN COMBES

Phone

4013531129

Tax Period

2023-09-01 to 2024-08-31

BALLET RI, founded in 1983, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Expenses of $2.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

OUR MISSION IS TO THRILL AND MOVE OUR AUDIENCES, DANCERS, CHOREOGRAPHERS, SUPPORTERS AND STAFF WITH ART AND DISCIPLINE. OUR VISION IS TO CONTINUOUSLY INCREASE IN PASSION AND ARTISTIC EXCELLENCE AND STRENGTH, ACHEIVING NATIONAL AND INTERNATIONAL RECOGNITION AS A CREATIVE FORCE IN DANCE.

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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 $406,381

Program Service Revenue $1,665,348

Investment Income $19,958

Other Revenue $148,897

TOTAL REVENUE $2,240,584

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,250,524

Fundraising Expenses $109,632

Program Expenses $2,057,130

Other Expenses $1,376,390

TOTAL EXPENSES $2,626,914

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,240,584	$2,175,508	+0.0%
Expenses	$2,626,914	$2,219,519	+0.2%
Net Income	$-386,330	$-44,011	+7.8%

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

300

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

$116,710

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURINE RYAN-PERRY	CO-CHAIR	2.00	Officer Director	$0	$0	$0
BIANCA BATOR	DIRECTOR	1.00	Director	$0	$0	$0
JANET GOFF	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN HOURAHAN	DIRECTOR	1.00	Director	$0	$0	$0
BETSY KEADY	DIRECTOR	1.00	Director	$0	$0	$0
COUNCILMAN JOHN GONCALVES	DIRECTOR	1.00	Director	$0	$0	$0
DON WINEBERG	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP KYDD	DIRECTOR	1.00	Director	$0	$0	$0
JOE NAUMAN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD SALTZMAN	TREASURER	2.00	Officer Director	$0	$0	$0
MARIA MONTANARO	SECRETARY	5.00	Officer Director	$0	$0	$0
DANA ALEXANDER NOLFE	DIRECTOR	1.00	Director	$0	$0	$0
STEFAN PETRELLA	DIRECTOR	1.00	Director	$0	$0	$0
RANDY ROSENBAUM	DIRECTOR	1.00	Director	$0	$0	$0
EVA ROUNDS	CO-CHAIR	2.00	Officer Director	$0	$0	$0
ANA CORONEL	VICE CHAIR	2.00	Officer	$0	$0	$0
KATHLEEN BREEN COMBES	EXECUTIVE DIR/NONVOTING DI	40.00	Officer	$104,504	$12,206	$116,710

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	$2,240,584	$2,626,914	$1,393,521	$-386,330
2023	$2,175,508	$2,219,519	$1,637,986	$-44,011
2022	$2,223,140	$1,934,658	$1,714,655	$288,482
2021	$2,279,946	$1,287,318	$1,446,806	$992,628
2020	$1,480,907	$1,450,166	$654,532	$30,741
2019	$1,673,077	$1,794,453	$467,700	$-121,376
2018	$1,573,121	$1,645,674	$520,508	$-72,553

BALLET RI