BALLET TECH FOUNDATION INC (EIN 132773475) - 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

1974

Legal Domicile

Principal Officer

MAGGIE CHRIST

Phone

2127777710

Tax Period

2024-07-01 to 2025-06-30

BALLET TECH FOUNDATION INC, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.7M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $5.5M left a modest 3% surplus.

Mission

BALLET TECH FOUNDATION, INC. OPERATES A TUITION-FREE DANCE SCHOOL. THE SCHOOL IDENTIFIES TALENTED CHILDREN IN THE NYC PUBLIC SCHOOL SYSTEM AND PROVIDES THEM WITH TUITION-FREE PROFESSIONAL BALLET TRAINING.

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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 $810,217

Program Service Revenue $2,168,663

Investment Income $567,299

Other Revenue $2,124,617

TOTAL REVENUE $5,670,796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,085,605

Fundraising Expenses $273,797

Program Expenses $4,707,326

Other Expenses $2,396,169

TOTAL EXPENSES $5,481,774

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,670,796	$6,142,336	-0.1%
Expenses	$5,481,774	$5,370,639	+0.0%
Net Income	$189,022	$771,697	-0.8%

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

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

$473,820

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILIAN CAHAN GERSTEN	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
CAROL ZERBE HURFORD	VICE CHAIR	3.00	Officer Director	$0	$0	$0
EDGAR PETERSON	TREASURER	3.00	Officer Director	$0	$0	$0
KAREN LEVINSON	SECRETARY	3.00	Officer Director	$0	$0	$0
PATRICIA CROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
GLENN K DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
LAUREL DURST	BOARD MEMBER	1.00	Director	$0	$0	$0
OLIVER HAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SUK HAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL HEINZEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MIMI LIEN	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHEL MORENO	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA TUTHILL PAZNER	BOARD MEMBER	1.00	Director	$0	$0	$0
MAGGIE CHRIST	EXECUTIVE DIRECTOR	40.00	Officer	$210,394	$29,752	$240,146
DIONNE FIGGINS	ARTISTIC DIRECTOR	40.00	Officer	$208,934	$24,740	$233,674
ASHLEY TUTTLE	DIRECTOR OF FACULTY	40.00	Highest	$120,883	$21,952	$142,835
JANEL RAYOME	SCHOOL ADMINISTRATIVE DIRECTOR	40.00	Highest	$110,922	$30,143	$141,065
JOE GREGORI	SCHOOL ADMINISTRATIVE DIRECTOR	40.00	Highest	$122,694	$18,556	$141,250

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	$5,670,796	$5,481,774	$34,787,719	$189,022
2024	$6,142,336	$5,370,639	$33,573,763	$771,697
2023	$6,093,647	$4,752,362	$33,131,011	$1,341,285
2022	$5,751,049	$4,307,709	$31,444,283	$1,443,340
2021	$4,949,033	$3,510,599	$30,097,942	$1,438,434
2020	$6,533,629	$3,848,828	$29,063,373	$2,684,801
2018	$3,710,160	$3,608,994	$24,372,992	$101,166

BALLET TECH FOUNDATION INC