THE PENNSYLVANIA BALLET ASSOCIATION (EIN 231629970) - 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

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

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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

$759,242

Key Employees

$230,655

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HOFFMAN	BOARD CHAIRMAN	2.00	Officer Director	$0	$0	$0
DEBORAH GILL HILZINGER	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
JONATHAN STAVIN	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
ANTHONY B HALLER ESQ	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
GEORGIANA W NOLL	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
TAMSIN FAST	SECRETARY	2.00	Director	$0	$0	$0
MICHAEL SULLIVAN	TREASURER	2.00	Director	$0	$0	$0
ANGEL CORELLA	ARTISTIC DIRECTOR	40.00	Officer Director	$333,745	$8,774	$342,519
SHELLY POWER	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$407,449	$9,274	$416,723
ARTHUR M KAPLAN ESQ	TRUSTEE	2.00	Director	$0	$0	$0
BILLIE BAILKIN	TRUSTEE	2.00	Director	$0	$0	$0
CAROLYN C NEWSOM PHD	TRUSTEE	2.00	Director	$0	$0	$0
CAROLYN HORN SEIDLE	TRUSTEE	2.00	Director	$0	$0	$0
CATHERINE KLEIN ESQ	TRUSTEE	2.00	Director	$0	$0	$0
CINDY BOLT	TRUSTEE	2.00	Director	$0	$0	$0
DAN KEMPSON	TRUSTEE	2.00	Director	$0	$0	$0
DANIELLE HANKIN	TRUSTEE	2.00	Director	$0	$0	$0
EMALEE G WELSH ESQ	TRUSTEE	2.00	Director	$0	$0	$0
EMILY KERNAN	TRUSTEE	2.00	Director	$0	$0	$0
EVELYN WATKINS EBO	TRUSTEE	2.00	Director	$0	$0	$0
GINA A MONTANA	TRUSTEE	2.00	Director	$0	$0	$0
JENNIFER MALHERBE	TRUSTEE	2.00	Director	$0	$0	$0
JESSICA COSME PLATT	HONORARY TRUSTEE/EX OFFICIO	2.00	Director	$0	$0	$0
KAREN ZIMMER PAUL MD MPH	TRUSTEE	2.00	Director	$0	$0	$0
LLOYD FREEMAN ESQ	TRUSTEE	2.00	Director	$0	$0	$0
MADELEINE P PLONSKER	TRUSTEE	2.00	Director	$0	$0	$0
MARLA R MILGRAM ESQ	TRUSTEE	2.00	Director	$0	$0	$0
MELISSA HELLER	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL C LILLYS	TRUSTEE	2.00	Director	$0	$0	$0
RACHEL KIESER CPA	TRUSTEE	2.00	Director	$0	$0	$0
SANDRA B WAXMAN	TRUSTEE	2.00	Director	$0	$0	$0
SARAH JM MARSHALL	TRUSTEE	2.00	Director	$0	$0	$0
STEVEN SCOTT BRADLEY	TRUSTEE	2.00	Director	$0	$0	$0
DAVID CHAMBERS	CHIEF ADVANCEMENT OFFICER	40.00	Key Emp	$219,110	$11,545	$230,655
WILLIAM B SHIELDS	DIRECTOR OF FINANCE & BUS OPERATIONS	40.00	Highest	$141,750	$734	$142,484
JACQUELINE MEISTER	DIRECTOR OF HUMAN RESOURCE	40.00	Highest	$140,042	$2,184	$142,226
CHRISTINE STONE MARTIN	GENERAL MANAGER	40.00	Highest	$138,080	$10,288	$148,368
DAVIT KARPETYAN	DIRECTOR OF SCHOOL OF PHIL	40.00	Highest	$133,437	$8,774	$142,211
JONATHON P ALTIZER	SR DIR OF DEVELOPMENT	40.00	Highest	$107,500	$11,045	$118,545

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	$26,669,434	$21,021,434	$58,852,641	$5,648,000
2024	$26,216,413	$19,332,971	$38,097,124	$6,883,442
2023	$21,442,341	$19,109,646	$32,436,045	$2,332,695
2022	$12,229,060	$15,952,216	$27,016,960	$-3,723,156
2021	$18,957,678	$9,135,412	$31,402,587	$9,822,266
2020	$13,528,437	$14,446,077	$22,999,620	$-917,640
2019	$15,959,241	$15,794,536	$25,048,788	$164,705
2018	$14,155,246	$14,406,764	$23,154,015	$-251,518

THE PENNSYLVANIA BALLET ASSOCIATION