THE PENNSYLVANIA BALLET ASSOCIATION

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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

1964

Legal Domicile

Principal Officer

SHELLY POWER

Phone

2155517000

Tax Period

2024-08-01 to 2025-07-31

THE PENNSYLVANIA BALLET ASSOCIATION, founded in 1964, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $26.7M in total revenue in fiscal year 2024. The organization ran a surplus of $5.6M, a strong 21% operating margin.

Mission

TO CULTIVATE AN ENDURING APPRECIATION FOR DANCE THROUGH WORLD-CLASS PERFORMANCES, TO INSPIRE THE NEXT GENERATION WITH EXCEPTIONAL EDUCATION AND PROFESSIONAL TRAINING, AND TO CONNECT WITH THE COMMUNITY THROUGH MEANINGFUL AND INCLUSIVE PROGRAMMING.

Program Service Accomplishments

Program 1

Expenses: $12,985,359 Revenue: $5,978,378

THE ORGANIZATION IS ONE OF THE LARGEST PERFORMING ARTS ORGANIZATIONS IN THE PHILADELPHIA REGION. DURING FISCAL YEAR 2025, IT EMPLOYED 48 DANCERS IN THE COMPANY AND PRESENTED 5 LIVE PRODUCTIONS...

THE ORGANIZATION IS ONE OF THE LARGEST PERFORMING ARTS ORGANIZATIONS IN THE PHILADELPHIA REGION. DURING FISCAL YEAR 2025, IT EMPLOYED 48 DANCERS IN THE COMPANY AND PRESENTED 5 LIVE PRODUCTIONS, INCLUDING GEORGE BALANCHINE'S 'THE NUTCRACKER'. PHILADELPHIA BALLET'S REPERTOIRE INCLUDES BOTH CLASSIC AND CONTEMPORARY WORKS WHICH WERE PERFORMED TO AN AUDIENCE OF MORE THAN 87,000 REPRESENTING MORE THAN 27,500 HOUSEHOLDS AT THE ACADEMY OF MUSIC. IN NOV/DEC 2024, THE KENNEDY CENTER PRESENTED PB FOR 7 SOLD OUT PERFORMANCES OF THE THE NUTCRACKER, REACHING AND ADDITIONAL 15,000+ AUDIENCE MEMBERS. IN ADDITION, THE COMPANY PARTICIPATED IN OTHER COMMUNITY EVENTS INCLUDING THE SIXTH ANNUAL SPRING FESTIVAL AT RED ROSE FARM. THE TOTAL NUMBER OF PERFORMANCES PRESENTED (INCLUSIVE OF PERFORMANCES OUTSIDE OUR PERFORMANCE HOME)IN FY25 WAS 72.

Program 2

Expenses: $1,519,895 Revenue: $1,803,837

THE SCHOOL OF PHILADELPHIA BALLET PROVIDES THE HIGHEST LEVEL OF BALLET TRAINING FOR ITS STUDENTS AND EXPOSES STUDENTS TO THE WORLD OF PROFESSIONAL DANCE THROUGH REGULAR INTERACTION WITH COMPANY...

THE SCHOOL OF PHILADELPHIA BALLET PROVIDES THE HIGHEST LEVEL OF BALLET TRAINING FOR ITS STUDENTS AND EXPOSES STUDENTS TO THE WORLD OF PROFESSIONAL DANCE THROUGH REGULAR INTERACTION WITH COMPANY MEMBERS AND ARTISTIC STAFF AND PERFORMANCE OPPORTUNITIES WITH THE COMPANY. IN FY25 THE SCHOOL REACHED 572 STUDENTS, A 5% INCREASE ON FISCAL YEAR 2024.

Program 3

Expenses: $311,310

IN 1996, PHILADELPHIA BALLET LAUNCHED ITS AWARD-WINNING COMMUNITY EDUCATION AND PUBLIC PROGRAMS. IN FISCAL YEAR 2025, THESE PROGRAMS SERVED ALMOST 14,000 PEOPLE ACROSS OUR REGION WITH A VARIETY OF...

IN 1996, PHILADELPHIA BALLET LAUNCHED ITS AWARD-WINNING COMMUNITY EDUCATION AND PUBLIC PROGRAMS. IN FISCAL YEAR 2025, THESE PROGRAMS SERVED ALMOST 14,000 PEOPLE ACROSS OUR REGION WITH A VARIETY OF ACTIVITIES, 90% OF WHICH ARE OFFERED FREE OF CHARGE. THROUGH SCHOOL BASED, IN-THEATER PROGRAMMING AND STUDENT PERFORMANCES, PHILADELPHIA BALLET PROVIDES RICH ACCESS TO DANCE CREATING A CONNECTION TO THE ARTS. PHILADELPHIA BALLET'S COMMUNITY EDUCATION AND PUBLIC PROGRAMMING COLLABORATES WITH SCHOOLS AND ORGANIZATIONS ACROSS THE CITY, PROVIDING ACCESS TO DANCE FOR YOUNG PEOPLE AND ADULTS, CREATING A CONNECTION TO THE ARTS AS WELL AS DEVELOPING NEW SKILLS THROUGH A VARIETY OF OPPORTUNITIES.

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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 $18,168,874

Program Service Revenue $7,782,215

Investment Income $528,714

Other Revenue $189,631

TOTAL REVENUE $26,669,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,084,105

Fundraising Expenses $1,909,590

Program Expenses $14,816,564

Other Expenses $9,937,329

TOTAL EXPENSES $21,021,434

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,669,434	$26,216,413	+0.0%
Expenses	$21,021,434	$19,332,971	+0.1%
Net Income	$5,648,000	$6,883,442	-0.2%

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

337

Volunteers

207

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

$759,242

Total Directors