BALLET HISPANICO OF NEW YORK INC (EIN 132685755) - 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

1970

Legal Domicile

Principal Officer

EDUARDO VILARO

Phone

2123626710

Tax Period

2023-07-01 to 2024-06-30

BALLET HISPANICO OF NEW YORK INC, founded in 1970, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.1M in total revenue in fiscal year 2023. Expenses of $9.8M exceeded revenue, resulting in a 39% operating deficit.

Mission

BALLET HISPNICO OF NEW YORK, INC. BRINGS COMMUNITIES TOGETHER TO CELEBRATE AND EXPLORE LATINO CULTURES THROUGH INNOVATIVE PRODUCTIONS, TRANSFORMATIVE DANCE TRAINING, AND COMMUNITY ENGAGEMENT. THE ORGANIZATION PROVIDES A YEAR-ROUND PROGRAM OF EXTRA-CURRICULAR AND PRE-PROFESSIONAL DANCE TRAINING AT ITS STUDIOS AS WELL AS EXTENDED DANCE EDUCATION RESIDENCIES IN PUBLIC SCHOOLS AND COMMUNITY CENTERS THROUGHOUT THE NEW YORK CITY AREA. THE PROFESSIONAL DANCE COMPANY PERFORMS NATIONALLY AND INTERNATIONALLY WITH A REPERTORY OF WORKS CHOREOGRAPHED BY ESTABLISHED AND EMERGING ARTISTS OF LATINO DESCENT.

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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 $3,398,569

Program Service Revenue $3,148,936

Investment Income $289,263

Other Revenue $228,005

TOTAL REVENUE $7,064,773

Expense Breakdown

Grants Paid $461,395

Salaries & Benefits $5,424,232

Fundraising Expenses $842,457

Program Expenses $8,109,405

Other Expenses $3,959,554

TOTAL EXPENSES $9,845,181

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,064,773	$6,665,166	+0.1%
Expenses	$9,845,181	$9,897,727	0.0%
Net Income	$-2,780,408	$-3,232,561	-0.1%

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

135

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

$1,036,266

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATE B LEAR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHELLE CARUSO CABRERA	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSE TOLOSA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARLES J WORTMAN	TREASURER	1.00	Officer Director	$0	$0	$0
RITA RODRIGUEZ	SECRETARY	1.00	Officer Director	$0	$0	$0
JODY GOTTFRIED ARNHOLD	HONORARY CHAIRMAN	1.00	Director	$0	$0	$0
AURI FENOUI	BOARD MEMBER	1.00	Director	$0	$0	$0
BRETT PERLMUTTER	BOARD MEMBER	1.00	Director	$0	$0	$0
DANAYS VICHOT	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID PEREZ	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANCISCO RAMIREZ-VALLE	BOARD MEMBER	1.00	Director	$0	$0	$0
HIROKO ITO	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH WAYLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
JUANA MALOOF	BOARD MEMBER	1.00	Director	$0	$0	$0
MARCOS TORRES	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW FORD	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA ALVAREZ DOWNING	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT KARTHEISER	BOARD MEMBER	1.00	Director	$0	$0	$0
RONALD SCHECTMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA LANGE	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT TEGETHOFF	BOARD MEMBER	1.00	Director	$0	$0	$0
SERGIO TRUJILLO	BOARD MEMBER	1.00	Director	$0	$0	$0
EDUARDO NORFLEET-VILARO	CEO & ARTISTIC DIRECTOR	40.00	Officer	$305,185	$115,224	$420,409
PATRICK MUHLEN-SCHULTE	CHIEF MANAGING DIRECTOR	40.00	Officer	$91,341	$4,778	$96,119
FREDRICK PANDIAN	CHIEF FINANCIAL OFFICER	40.00	Officer	$187,589	$5,710	$193,299
TAMIA BLACKMAN-SANTANA	CHIEF ENGAGEMENT & ADMINIS	40.00	Officer	$130,833	$37,214	$168,047
ELAINE DELGADO	CHIEF DEVELOPMENT & MARKET	40.00	Officer	$144,153	$14,239	$158,392

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	No data	No data	No data	No data
2024	$7,064,773	$9,845,181	$20,298,316	$-2,780,408
2023	$6,665,166	$9,897,727	$22,401,162	$-3,232,561
2022	$5,803,635	$9,469,867	$24,516,405	$-3,666,232
2021	$20,551,535	$4,706,628	$30,174,280	$15,844,907
2020	$9,160,211	$6,791,793	$14,967,111	$2,368,418
2019	$7,537,730	$7,018,345	$12,708,143	$519,385

BALLET HISPANICO OF NEW YORK INC