BALLET ARTISTS OF WESTERN NEW YORK… - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

HEIDI HALT NEGLIA

Phone

7164470401

Tax Period

2024-08-01 to 2025-07-31

BALLET ARTISTS OF WESTERN NEW YORK INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $912K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $818K left a modest 10% surplus.

Mission

TO PRESERVE AND MAKE ACCESSIBLE, EXCEPTIONAL ARTISTRY THROUGH CLASSICAL BALLET TRAINING, PERFORMANCES AND COMMUNITY ENGAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $616,606 Revenue: $516,893

TO PRESERVE AND MAKE ACCESSIBLE, EXCEPTIONAL ARTISTRY THROUGH CLASSICAL BALLET TRAINING, PERFORMANCES AND COMMUNITY ENGAGEMENT.

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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 $381,506

Program Service Revenue $516,893

Investment Income $13,337

Other Revenue $0

TOTAL REVENUE $911,736

Expense Breakdown

Grants Paid $0

Salaries & Benefits $366,610

Fundraising Expenses $61,952

Program Expenses $616,606

Other Expenses $451,499

TOTAL EXPENSES $818,109

Year-over-Year Comparison

	2024	2023	Change
Revenue	$911,736	$694,403	+0.3%
Expenses	$818,109	$737,686	+0.1%
Net Income	$93,627	$-43,283	-3.2%

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

$244,695

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEIDI HALT NEGLIA	Executive Dir.	40.00	Officer	$86,913	$0	$86,913
SERGIO NEGLIA	ARTISTIC DIR.	40.00	Officer	$86,913	$0	$86,913
BRONWEN BATTAGLIA	DIRECTOR - COMM	24.00	Officer	$41,472	$0	$41,472
KIM NICOSIA	DIRECTOR - ADV.	20.00	Officer	$29,397	$0	$29,397
BRIAN PAGKOS	BOARD CHAIRMAN	5.00	Officer Director	$0	$0	$0
MARGARET WIETIG	Treasurer	3.00	Officer Director	$0	$0	$0
ERIN ST JOHN KELLY	Director	3.00	Director	$0	$0	$0
MORGAN BROWN	Secretary	3.00	Officer Director	$0	$0	$0
REBECCA LINDAMOOD	Director	3.00	Director	$0	$0	$0
SAMANTHA CAMPANILE	Director	3.00	Director	$0	$0	$0
MARYJO KEARNS	CO-CHAIR	3.00	Officer 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
2025	$911,736	$818,109	$650,254	$93,627
2024	$694,403	$737,686	$536,611	$-43,283
2023	$748,275	$706,829	$552,584	$41,446
2022	$688,034	$583,548	$510,771	$104,486
2021	$416,411	$389,933	$476,399	$26,478
2020	$526,393	$486,373	$443,665	$40,020
2018	$642,096	$560,180	$371,473	$81,916

BALLET ARTISTS OF WESTERN NEW YORK INC