The Ballroom Cultural Arts Foundation (EIN 200126402) - 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

2003

Legal Domicile

Principal Officer

Virginia Lebermann

Phone

4327293600

Tax Period

2022-07-01 to 2023-06-30

The Ballroom Cultural Arts Foundation, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $818K in total revenue in fiscal year 2022. Revenue decreased 11% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 38% operating deficit.

Mission

To operate an exhibition facility and provide artistic and cultural events in Marfa, Texas through visual art, film, music performances, and conversation.

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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 (2022)

Revenue Breakdown

Contributions & Grants $589,026

Program Service Revenue $197,508

Investment Income $9,134

Other Revenue $22,451

TOTAL REVENUE $818,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $501,567

Fundraising Expenses $179,580

Program Expenses $786,388

Other Expenses $629,421

TOTAL EXPENSES $1,130,988

Year-over-Year Comparison

	2022	2021	Change
Revenue	$818,119	$915,656	-0.1%
Expenses	$1,130,988	$1,126,315	+0.0%
Net Income	$-312,869	$-210,659	+0.5%

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

$115,558

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAISY NAM	Executive Dir.	40.00	Officer	$106,792	$8,766	$115,558
Virginia Lebermann	President	1.00	Officer Director	$0	$0	$0
Fairfax Dorn	Artistic Dir.	1.00	Officer Director	$0	$0	$0
Abdullah Al-Turki	Trustee	1.00	Director	$0	$0	$0
Suzanne Deal Booth	Trustee	1.00	Director	$0	$0	$0
Rashid Johnson	Trustee	1.00	Director	$0	$0	$0
Vance Knowles	Trustee	1.00	Director	$0	$0	$0
Jenny Laird	Trustee	1.00	Director	$0	$0	$0
Matthew Day Jackson	Trustee	1.00	Director	$0	$0	$0
Nancy Sanders	Trustee	1.00	Director	$0	$0	$0
Anne-Cecilie Engell Speyer	Trustee	1.00	Director	$0	$0	$0
Gordon VeneKlasen	Trustee	1.00	Director	$0	$0	$0
Charles Attal	Trustee	1.00	Director	$0	$0	$0
Molly Kemp	Trustee	1.00	Director	$0	$0	$0
Liana Krupp	Trustee	1.00	Director	$0	$0	$0
MariaGiulia Prezioso Maramotti	Trustee	1.00	Director	$0	$0	$0
Deborah Green	Trustee	1.00	Director	$0	$0	$0
Allison Sarofim	Trustee	1.00	Director	$0	$0	$0
Leo Villareal	Trustee	1.00	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
2023	$818,119	$1,130,988	$1,096,872	$-312,869
2022	$915,656	$1,126,315	$1,380,148	$-210,659
2021	$1,165,140	$1,253,120	$1,422,501	$-87,980
2021	$1,165,140	$1,253,120	$1,422,501	$-87,980
2020	$946,884	$1,176,099	$745,522	$-229,215
2019	$1,822,563	$1,257,298	$972,093	$565,265
2018	$952,120	$1,034,085	$410,415	$-81,965

The Ballroom Cultural Arts Foundation