LOS ANGELES BALLET INC

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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

2004

Legal Domicile

Principal Officer

JULIA RIVERA

Phone

3104888890

Tax Period

2022-07-01 to 2023-06-30

LOS ANGELES BALLET INC, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.2M in total revenue in fiscal year 2022. Revenue decreased 6% compared to the prior year. Expenses of $4.8M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PERFORM OUTSTANDING CLASSICAL AND MODERN BALLETS THAT SET THE STANDARD FOR DANCER IN LOS ANGELES, NATIONALLY, AND INTERNATIONALLY. TO PASSIONATELY PURSUE INNOVATION AND CREATIVITY AND PERFORMANCE. TO CHANGE LIVES THROUGH ACCESSIBLE DANCE EDUCATION PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $3,961,786 Revenue: $2,225,683

FY23 (2022/2023 SEASON) SAW THE RETURN TO A FULL, UNINTERRUPTED PERFORMANCE SCHEDULE. RESPONSE TO LAB PROGRAMMING BY AUDIENCES WAS STRONG AND EXCEEDED THE SEASON ATTENDANCE GOAL BY 3%. FY23 WAS THE HIGHEST GROSSING SEASON AND HIGHEST ATTENDED IN THE COMPANY'S HISTORY. WE INTRODUCED NEW ARTISTIC LEADERSHIP WITH THE ARRIVAL OF ARTISTIC DIRECTOR MELISSA BARAK AND PREMIERED HER ORIGINAL FULL EVENING BALLET THAT INCREASED LAB'S SEASON PROGRAMMING TO 4 MAINSTAGE PRODUCTIONS.

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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 $2,027,208

Program Service Revenue $2,178,707

Investment Income $0

Other Revenue $24,062

TOTAL REVENUE $4,229,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,423,966

Fundraising Expenses $470,435

Program Expenses $3,961,786

Other Expenses $3,417,405

TOTAL EXPENSES $4,841,371

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,229,977	$4,509,467	-0.1%
Expenses	$4,841,371	$4,155,844	+0.2%
Net Income	$-611,394	$353,623	-2.7%

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

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

$177,489

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER BELLAH MAGUIRE	BOARD CHAIRMAN	3.00	Director	$0	$0	$0
ROBERTA K DAHL	SECRETARY	8.00	Director	$0	$0	$0
LORI MILKEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BARI MILKEN BERNSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHNESE SPISSO	BOARD MEMBER	1.00	Director	$0	$0	$0
GHADA IRANI	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMAR MANOUKIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBBRA LUSTIG	BOARD MEMBER	1.00	Director	$0	$0	$0
ERICA MIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN PETERS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARAL STEPHANIE KRADJIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CORRINE SANDS	BOARD MEMBER	1.00	Director	$0	$0	$0
KIRSTEN SARKISIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH FOWLER	BOARD MEMBER	1.00	Director	$0	$0	$0
SYBIL GRIEB	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER GROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
SANDRA KANENGISER	BOARD MEMBER	1.00	Director	$0	$0	$0
ARADHNA KELSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DINA LEEDS	BOARD MEMBER	1.00	Director	$0	$0	$0
NIGEL LYTHGOE	BOARD MEMBER	1.00	Director	$0	$0	$0
KONI RICH	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHEL WEBER	BOARD MEMBER	1.00	Director	$0	$0	$0
COLLEEN THORDAL CHRISTENSEN	ARTISTIC DIRECTOR	45.00	Officer	$49,547	$0	$49,547
AAGE THORDAL CHRISTENSEN	ARTISTIC DIRECTOR	60.00	Officer	$38,901	$0	$38,901
BRANDON LUSSIER	EXECUTIVE DIRECTOR	50.00	Officer	$89,041	$0	$89,041

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$4,229,977	$4,841,371	$840,463	$-611,394
2022	$4,509,467	$4,155,844	$1,239,269	$353,623
2021	$1,543,702	$864,420	$1,101,951	$679,282
2020	$2,963,238	$2,793,003	$372,957	$170,235
2019	$3,632,940	$3,375,318	$185,616	$257,622
2018	$3,310,843	$3,478,303	$152,375	$-167,460