BALLET THEATRE OF TOLEDO INC (EIN 203109062) - 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

2005

Legal Domicile

Principal Officer

STEPHEN SCHARF

Phone

4198610895

Tax Period

2023-07-01 to 2024-06-30

BALLET THEATRE OF TOLEDO INC, founded in 2005, is a small nonprofit that reported $232K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $259K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROMOTING THE ART OF BALLET

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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 $119,935

Program Service Revenue $112,432

Investment Income $0

Other Revenue $15

TOTAL REVENUE $232,382

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,748

Fundraising Expenses $4,291

Program Expenses $190,523

Other Expenses $122,630

TOTAL EXPENSES $259,378

Year-over-Year Comparison

	2023	2022	Change
Revenue	$232,382	$247,920	-0.1%
Expenses	$259,378	$225,681	+0.1%
Net Income	$-26,996	$22,239	-2.2%

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

Total Directors

$59,685

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NIGEL BROOKS	DIRECTOR	40.00	Director	$59,685	$0	$59,685
JUSTIN DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
ANDY HUDAK	TREASURER	1.00	Officer Director	$0	$0	$0
BETH HYDER	TRUSTEE	1.00	Director	$0	$0	$0
LYNN RITTER	SECRETARY	1.00	Officer Director	$0	$0	$0
STEPHEN SCHARF	PRESIDENT	1.00	Officer Director	$0	$0	$0
MELISSA SHARP	TRUSTEE	1.00	Director	$0	$0	$0
ALANA TALKINGTON	TRUSTEE	1.00	Director	$0	$0	$0
TYLER URBANSKI	ASST. TREASU	1.00	Officer Director	$0	$0	$0
KALINA VAJSKOP	VICE PRESIDE	1.00	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	No data	No data	No data	No data
2024	$232,382	$259,378	$29,875	$-26,996
2023	$247,920	$225,681	$61,740	$22,239
2022	$203,873	$257,872	$37,206	$-53,999
2021	$282,980	$246,403	$106,525	$36,577
2020	$272,559	$281,156	$79,917	$-8,597
2019	$332,590	$313,389	$69,092	$19,201

BALLET THEATRE OF TOLEDO INC