THE GEORGE BALANCHINE FOUNDATION INC (EIN 133180628) - 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

1983

Legal Domicile

Principal Officer

MEL SCHIERMAN

Phone

9178172354

Tax Period

2023-01-01 to 2023-12-31

THE GEORGE BALANCHINE FOUNDATION INC, founded in 1983, is a small nonprofit that reported $432K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $80K, a strong 19% operating margin.

Mission

TO UTILIZE THE BALANCHINE LEGACY TO ADVANCE THE HIGHEST STANDARD IN DANCE AND ITS ALLIED ARTS

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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 $222,835

Program Service Revenue $14,623

Investment Income $28,277

Other Revenue $166,276

TOTAL REVENUE $432,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $308,256

Other Expenses $351,954

TOTAL EXPENSES $351,954

Year-over-Year Comparison

	2023	2022	Change
Revenue	$432,011	$531,328	-0.2%
Expenses	$351,954	$239,519	+0.5%
Net Income	$80,057	$291,809	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOAN BAEKELAND	DIRECTOR	2.00	Director	$0	$0	$0
NANCY REYNOLDS	DIRECTOR OF RESEARCH	2.00	Officer Director	$0	$0	$0
RANDALL BOURSCHEIDT	SECRETARY	2.00	Director	$0	$0	$0
I PETER WOLFF	CHAIR	2.00	Officer Director	$0	$0	$0
MERYL ROSOFSKY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SILAS FARLEY	DIRECTOR	2.00	Director	$0	$0	$0
CAROLINE CRONSON	TREASURER	2.00	Director	$0	$0	$0
LESLIE TONNER CURTIS	DIRECTOR	2.00	Director	$0	$0	$0
HAL J WITT	DIRECTOR	2.00	Director	$0	$0	$0
MAX R SHULMAN	DIRECTOR	2.00	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	$432,011	$351,954	$786,613	$80,057
2022	$531,328	$239,519	$697,301	$291,809
2021	$355,686	$242,373	$403,882	$113,313
2020	$188,738	$185,047	$269,693	$3,691
2019	$170,696	$220,310	$265,595	$-49,614
2018	$274,886	$196,517	$310,036	$78,369

THE GEORGE BALANCHINE FOUNDATION INC