NEW YORK CITY BALLET INC

EIN: 132947386 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$102,442,312
Total Expenses
$106,130,681
Total Assets
$342,772,677
Net Assets
$320,145,484
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
NY
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

PERFORM, PROMOTE AND SUSTAIN CLASSICAL BALLET.

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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%)

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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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Governance

Voting Members
35
Independent Members
35
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
11
$1,202,625
Total Directors
44
$0
Key Employees
5
$2,124,268
Highest Compensated
5
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
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