Atlantic City Ballet

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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

Principal Officer

Dennis Furgione

Phone

6092844444

Tax Period

2024-07-01 to 2025-06-30

Atlantic City Ballet is a small nonprofit that reported $362K in total revenue in fiscal year 2024. The organization ran a surplus of $87K, a strong 24% operating margin.

Mission

Community arts ballet. Professional perfo professional performances ,community outreach and educational programs

Program Service Accomplishments

Program 1

Expenses: $249,809

community arts ballet and cultural performances and trainee program. Help multiple ballet events in the Atlantic City and surrounding region

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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 $278,632

Program Service Revenue $83,397

Investment Income $0

Other Revenue $0

TOTAL REVENUE $362,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,295

Fundraising Expenses $3,091

Program Expenses $249,809

Other Expenses $149,374

TOTAL EXPENSES $274,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$362,029	$357,067	+0.0%
Expenses	$274,669	$329,348	-0.2%
Net Income	$87,360	$27,719	+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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Connie Basile	trustee	1.0	Director	$0	$0	$0
Claire Collins	Secretary	1.0	Officer Director	$0	$0	$0
Gail Duffey	Trustee	1.0	Director	$0	$0	$0
Barbara Gomes	Vice President	1.0	Officer Director	$0	$0	$0
Harvey Stephen Huber	Treasurer	1.0	Officer Director	$0	$0	$0
Sandy Kahn	Trustee	1.0	Director	$0	$0	$0
Phyllis Lacca	Trustee	1.0	Director	$0	$0	$0
Ava Holly Lewis	President	1.0	Officer Director	$0	$0	$0
Mila McDonough	Trustee	1.0	Director	$0	$0	$0
Catherine Mularz	Trustee	1.0	Director	$0	$0	$0
Roxananne Paserella	Trustee	1.0	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	$362,029	$274,669	$44,387	$87,360
2024	$357,067	$329,348	$44,474	$27,719
2023	$288,524	$311,564	$48,524	$-23,040
2022	$274,508	$236,748	$44,898	$37,760
2021	$156,429	$127,929	$25,723	$28,500
2020	$173,814	$205,189	$14,824	$-31,375
2019	$235,718	$272,046	$9,090	$-36,328