BALLET SCHOOL OF NEW YORK INC

EIN: 133235682 501(c)(3)

NEW YORK, NY

Total Revenue
$289,595
Total Expenses
$334,535
Total Assets
$54,208
Net Assets
$14,546
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NY
Principal Officer
DIANA BYER
Phone
2126790401
Tax Period
2023-01-01 to 2023-12-31

BALLET SCHOOL OF NEW YORK INC, founded in 1984, is a small nonprofit that reported $290K in total revenue in fiscal year 2023. Expenses of $335K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROMOTE THE ART OF BALLET DANCING

Program Service Accomplishments

Program 1
Expenses: $334,535 Revenue: $255,718

TO PROMOTE THE ART OF BALLET DANCING BY MAINTAINING HIGH ARTISTIC LEVELS THROUGH ADULT AND CHILDREN'S CLASSES. TUITION IS CHARGED IN EXCHANGE FOR INSTRUCTION AND FACILITY USE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $33,877
Program Service Revenue $255,443
Investment Income $0
Other Revenue $275
TOTAL REVENUE $289,595

Expense Breakdown

Grants Paid $0
Salaries & Benefits $167,099
Fundraising Expenses $0
Program Expenses $334,535
Other Expenses $167,436
TOTAL EXPENSES $334,535

Year-over-Year Comparison

2023 2022 Change
Revenue $289,595 $302,885 0.0%
Expenses $334,535 $322,355 +0.0%
Net Income $-44,940 $-19,470 +1.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
8
Employees
15
Volunteers
N/A

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
$75,646
Total Directors
8
$75,646
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANA BYER PRESIDENT 40.00
Officer Director
$73,846 $0 $75,646
SUSAN LIN BOARD MEMBER 10.00
Director
$0 $0 $0
LARA RUDD BOARD MEMBER 5.00
Director
$0 $0 $0
KARINA KHALYAVIN BOARD MEMBER 5.00
Director
$0 $0 $0
ASTRID MARZOVILLA BOARD MEMBER 5.00
Director
$0 $0 $0
ELENA HANSON BOARD MEMBER 5.00
Director
$0 $0 $0
JESSICA ANUB BOARD MEMBER 5.00
Director
$0 $0 $0
TRACY ENTERS BOARD MEMBER 5.00
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 $289,595 $334,535 $54,208 $-44,940
2022 $302,885 $322,355 $91,543 $-19,470
2021 $308,969 $294,026 $141,627 $14,943
2020 $264,663 $245,457 $164,172 $19,206
2019 $267,844 $271,256 $113,241 $-3,412
2018 $253,706 $256,220 $124,337 $-2,514
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