EASTERN CONNECTICUT BALLET INC (EIN 223147794) - 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

1992

Legal Domicile

Principal Officer

LISE REARDON

Phone

8607397899

Tax Period

2023-09-01 to 2024-08-31

EASTERN CONNECTICUT BALLET INC, founded in 1992, is a small nonprofit that reported $702K in total revenue in fiscal year 2023. Expenses of $671K left a modest 4% surplus.

Mission

TO PROVIDE INSTRUCTION IN BALLET, DANCE AND OTHER PERFORMING ARTS.

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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 $50,615

Program Service Revenue $609,258

Investment Income $4,895

Other Revenue $36,907

TOTAL REVENUE $701,675

Expense Breakdown

Grants Paid $36,323

Salaries & Benefits $260,327

Fundraising Expenses $0

Program Expenses $631,274

Other Expenses $374,776

TOTAL EXPENSES $671,426

Year-over-Year Comparison

	2023	2022	Change
Revenue	$701,675	$719,989	0.0%
Expenses	$671,426	$714,148	-0.1%
Net Income	$30,249	$5,841	+4.2%

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

356

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
LISE REARDON	PRESIDENT/TREASURER	1.00	Officer Director	$0	$0	$0
KELLY REARDON	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
COLLEEN SHAY	DIRECTOR/SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN BUCHANAN	DIRECTOR	1.00	Director	$0	$0	$0
BRET HAMMEN	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN HAMMEN	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
LARISSA HIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA BUCHANAN	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$701,675	$671,426	$148,587	$30,249
2023	$719,989	$714,148	$118,336	$5,841
2022	$656,869	$699,808	$112,495	$-42,939
2021	$561,590	$498,180	$155,434	$63,410
2020	$595,690	$610,067	$134,282	$-14,377
2019	$701,750	$699,317	$105,859	$2,433

EASTERN CONNECTICUT BALLET INC