NEW YORK CITY BALLET INC

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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

1977

Legal Domicile

Principal Officer

KATHERINE BROWN

Phone

2128707776

Tax Period

2024-07-01 to 2025-06-30

NEW YORK CITY BALLET INC, founded in 1977, is a major nonprofit in the Arts, Culture & Humanities sector that reported $102.4M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Net assets of $320.1M represent 38 months of operating reserves.

Mission

NEW YORK CITY BALLET REMAINS DEDICATED TO THE VISION OF ITS FOUNDERS, GEORGE BALANCHINE AND LINCOLN KIRSTEIN, AS IT PURSUES TWO PRIMARY OBJECTIVES: TO PERFORM THE BALLETS AND PRESERVE THE DANCE AESTHETIC AND STANDARDS OF EXCELLENCE THEY CREATED AND ESTABLISHED; AND TO DEVELOP NEW WORK THAT DRAWS ON THE CREATIVE TALENTS OF CONTEMPORARY CHOREOGRAPHERS AND COMPOSERS, AND SPEAKS TO THE TIME IN WHICH IT IS MADE. THIS MISSION IS ACCOMPANIED BY A COMMITMENT TO EXPAND THE COMPANY'S AUDIENCE AND MAKE BALLET ACCESSIBLE TO THE WIDEST POSSIBLE PUBLIC THROUGH TOURING, EDUCATION PROGRAMS, THE CREATIVE USE OF MEDIA, AND OTHER OUTREACH EFFORTS.

Program Service Accomplishments

Program 1

Expenses: $92,789,954 Revenue: $56,037,505

PRODUCTIONS, PERFORMANCES, AND EDUCATION: SEE SCHEDULE O.

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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 $33,346,888

Program Service Revenue $58,957,963

Investment Income $10,495,960

Other Revenue $-358,499

TOTAL REVENUE $102,442,312

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,607,737

Fundraising Expenses $5,111,116

Program Expenses $92,789,954

Other Expenses $27,296,279

TOTAL EXPENSES $106,130,681

Year-over-Year Comparison

	2024	2023	Change
Revenue	$102,442,312	$89,278,084	+0.1%
Expenses	$106,130,681	$102,982,060	+0.0%
Net Income	$-3,688,369	$-13,703,976	-0.7%

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

1444

Volunteers

112

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

$1,202,625

Total Directors

Key Employees

$2,124,268

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANA L TAYLOR	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
JEFFREY M PEEK	PRESIDENT	5.00	Officer Director	$0	$0	$0
MARIE NUGENT-HEAD	VICE-CHAIR (THRU 12/29/24)	3.00	Officer Director	$0	$0	$0
ALAN SCHNITZER	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
SARAH JESSICA PARKER	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
BARBARA J SLIFKA	VICE-CHAIR (THRU 6/22/25)	3.00	Officer Director	$0	$0	$0
LYNN J GOOD	TREASURER	3.00	Officer Director	$0	$0	$0
FRANCI J BLASSBERG	SECRETARY	3.00	Officer Director	$0	$0	$0
MARK S MELODIA	COUNSEL	8.00	Officer Director	$0	$0	$0
MARIA-CRISTINA ANZOLA	DIRECTOR	3.00	Director	$0	$0	$0
JT BATSON	DIRECTOR	2.00	Director	$0	$0	$0
DONYA ARCHER BOMMER	DIRECTOR	3.00	Director	$0	$0	$0
WHITNEY CLAY	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN J CAMPBELL	DIRECTOR	3.00	Director	$0	$0	$0
PAUL M DONOFRIO	DIRECTOR	2.00	Director	$0	$0	$0
THELMA B FERGUSON	DIRECTOR	2.00	Director	$0	$0	$0
RANDY FISHMAN	DIRECTOR (THRU 6/26/25)	2.00	Director	$0	$0	$0
MAUREEN FOOTER	DIRECTOR (THRU 6/26/25)	2.00	Director	$0	$0	$0
BARRY S FRIEDBERG	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER LIPSCHULTZ	DIRECTOR	2.00	Director	$0	$0	$0
MELANIE HAMRICK	DIRECTOR	2.00	Director	$0	$0	$0
CAROL D MACK	DIRECTOR (THRU 6/26/25)	3.00	Director	$0	$0	$0
ALISON MASS	DIRECTOR	2.00	Director	$0	$0	$0
STACEY C MORSE	DIRECTOR	2.00	Director	$0	$0	$0
ELLEN MOSKOWITZ	DIRECTOR	2.00	Director	$0	$0	$0
CLARKE MURPHY	DIRECTOR	2.00	Director	$0	$0	$0
KAREN MURPHY	DIRECTOR	2.00	Director	$0	$0	$0
GORDON B PATTEE	DIRECTOR	3.00	Director	$0	$0	$0
JENNY PAULSON	DIRECTOR	2.00	Director	$0	$0	$0
BRYNN PUTNAM	DIRECTOR	2.00	Director	$0	$0	$0
RAJA RAJAMANNAR	DIRECTOR (THRU 6/26/25)	2.00	Director	$0	$0	$0
STEPHEN KROLL REIDY	DIRECTOR	2.00	Director	$0	$0	$0
FERNANDO RIVAS	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH ROBERTS	DIRECTOR	2.00	Director	$0	$0	$0
PAULA CAMPBELL ROBERTS	DIRECTOR	2.00	Director	$0	$0	$0
DENISE SAUL	DIRECTOR	2.00	Director	$0	$0	$0
BONNIE STRAUSS	DIRECTOR	2.00	Director	$0	$0	$0
ALLYSON TANG	DIRECTOR (THRU 6/26/25)	2.00	Director	$0	$0	$0
DANIELLE TAUBMAN	DIRECTOR (THRU 6/26/25)	2.00	Director	$0	$0	$0
ALAIR A TOWNSEND	DIRECTOR (THRU 4/27/25)	2.00	Director	$0	$0	$0
STRAUSS ZELNICK	DIRECTOR	2.00	Director	$0	$0	$0
CATHINKA WAHLSTROM	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM H WRIGHT II	DIRECTOR	2.00	Director	$0	$0	$0
COMMISSIONER LAURIE CUMBO	DIRECTOR	0.50	Director	$0	$0	$0
KATHERINE BROWN	EXECUTIVE DIRECTOR	40.00	Officer	$717,959	$37,252	$755,211
FARANG AZARI	CHIEF FINANCIAL OFFICER	40.00	Officer	$374,085	$73,329	$447,414
JONATHAN M STAFFORD	ARTISTIC DIRECTOR	40.00	Key Emp	$453,423	$76,057	$529,480
WENDY M WHELAN	ASSOCIATE ARTISTIC DIRECTOR	40.00	Key Emp	$425,375	$75,970	$501,345
BROOKS PARSONS	SR. DIRECTOR OF OPERATIONS	40.00	Key Emp	$377,856	$75,821	$453,677
PHILLIP SCHMIEDL	THEATER MANAGING DIR. THRU 5/2/25	40.00	Key Emp	$275,355	$70,932	$346,287
JOSHUA LENIHAN	SENIOR DIR. OF DEVELOPMENT	40.00	Key Emp	$260,199	$33,280	$293,479
JUSTIN PECK	ARTISTIC ADVISOR/CHOREOGRAPHER	40.00	Highest	$383,964	$75,841	$459,805
ANDREW LITTON	MUSIC DIRECTOR	40.00	Highest	$486,563	$76,161	$562,724
ANDREWS SILL	ASSOCIATE MUSIC DIRECTOR	40.00	Highest	$296,163	$74,102	$370,265
JUDITH ELLIOTT-PUGH	SENIOR DIR. OF HUMAN RESOURCES	40.00	Highest	$264,276	$33,546	$297,822
KAREN GIRTY	SR. DIR. MARKETING AND MEDIA	40.00	Highest	$320,986	$74,924	$395,910

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	$102,442,312	$106,130,681	$342,772,677	$-3,688,369
2024	$89,278,084	$102,982,060	$329,210,208	$-13,703,976
2023	$77,420,949	$94,274,646	$316,686,714	$-16,853,697
2022	$85,606,399	$86,114,814	$312,989,092	$-508,415
2021	$35,122,869	$40,566,455	$352,054,118	$-5,443,586
2020	$67,478,078	$83,492,749	$301,270,656	$-16,014,671
2019	$91,173,379	$91,775,751	$325,423,316	$-602,372
2018	$99,834,801	$89,305,149	$332,646,952	$10,529,652