MYSTIC BALLET INC (EIN 061478674) - 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

1997

Legal Domicile

Principal Officer

GORAN M SUBOTIC

Phone

8605363671

Tax Period

2023-01-01 to 2023-12-31

MYSTIC BALLET INC, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $993K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Net assets of $2.5M represent 31 months of operating reserves.

Mission

THE FOUNDATION FOR A LEGACY, TO MAKE DANCE ACCESSIBLE TO THE WIDEST POSSIBLE PUBLIC THROUGH TOURING, EDUCATIONAL PROGRAMS, THE CREATIVE USE OF MEDIA, AND OTHER OUTREACH EFFORTS, AND BY DOING SO EXPAND THE COMPANY'S AUDIENCE. TO PRODUCE WORLD-CLASS PERFORMANCES, PROMOTING OUTSTANDING CREATIVITY AND ARTISTIC EXCELLENCE. INCREASING UNDERSTANDING OF THE CULTURAL AND SOCIAL IMPORTANCE OF THE ARTS AND MAXIMIZING ARTS DEVELOPMENT OPPORTUNITIES AND INNOVATIONS.

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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 $611,179

Program Service Revenue $359,842

Investment Income $21,943

Other Revenue $0

TOTAL REVENUE $992,964

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $960,255

Other Expenses $986,393

TOTAL EXPENSES $986,393

Year-over-Year Comparison

	2023	2022	Change
Revenue	$992,964	$1,664,449	-0.4%
Expenses	$986,393	$945,664	+0.0%
Net Income	$6,571	$718,785	-1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GORAN M SUBOTIC	PRESIDENT	40.00	Officer Director	$0	$0	$0
ALEKSANDER SUBOTIC	SECRETARY/TR	40.00	Officer Director	$0	$0	$0
EDWARD FEDORSHAK	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD S CODY ESQ	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$992,964	$986,393	$2,539,796	$6,571
2022	$1,664,449	$945,664	$2,603,277	$718,785
2021	$1,516,006	$1,332,037	$1,878,282	$183,969
2020	$795,226	$459,283	$1,357,630	$335,943
2019	$1,175,213	$1,000,822	$1,005,056	$174,391
2018	$1,011,189	$946,085	$740,277	$65,104

MYSTIC BALLET INC