CENTRAL PENNSYLVANIA YOUTH BALLET

EIN: 231971982 501(c)(3) Arts, Culture & Humanities

CARLISLE, PA

Total Revenue
$3,427,104
Total Expenses
$3,895,544
Total Assets
$8,319,588
Net Assets
$6,716,273
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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
1955
Legal Domicile
PA
Principal Officer
NICHOLAS ADE
Phone
7176012840
Tax Period
2023-09-01 to 2024-08-31

CENTRAL PENNSYLVANIA YOUTH BALLET, founded in 1955, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.4M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $3.9M exceeded revenue, resulting in a 14% operating deficit.

Mission

BALLET / DANCE EDUCATION

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $539,485
Program Service Revenue $2,906,273
Investment Income $64,859
Other Revenue $-83,513
TOTAL REVENUE $3,427,104

Expense Breakdown

Grants Paid $250,604
Salaries & Benefits $1,440,464
Fundraising Expenses $233,409
Program Expenses $3,089,890
Other Expenses $2,204,476
TOTAL EXPENSES $3,895,544

Year-over-Year Comparison

2023 2022 Change
Revenue $3,427,104 $4,544,619 -0.2%
Expenses $3,895,544 $3,948,993 0.0%
Net Income $-468,440 $595,626 -1.8%
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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Governance

Voting Members
18
Independent Members
18
Employees
20
Volunteers
N/A

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
5
$201,460
Total Directors
19
$201,460
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICHOLAS ADE CEO 50.00
Officer Director
$196,449 $5,011 $201,460
CHARLES ALAN HINELINE DIR OF REPER 50.00
Highest
$121,617 $14,808 $136,425
HUGH ABERMAN BOARD MEMBER 5.00
Director
$0 $0 $0
JULIE BOWMAN BOARD MEMBER 5.00
Director
$0 $0 $0
ALEXANDER LANGAN ESQ BOARD MEMBER 5.00
Director
$0 $0 $0
ADITYA SHARMA MD MBA FACC BOARD MEMBER 5.00
Director
$0 $0 $0
MATTHEW FOSS PRESIDENT 5.00
Officer Director
$0 $0 $0
MIMI GOODLING BOARD MEMBER 5.00
Director
$0 $0 $0
DONALD GRELL SECRETARY 5.00
Officer Director
$0 $0 $0
ROBERT HERVEY BOARD MEMBER 5.00
Director
$0 $0 $0
DANIEL J MADIO II BOARD MEMBER 5.00
Director
$0 $0 $0
STEVEN H KAUFMAN BOARD MEMBER 5.00
Director
$0 $0 $0
MATTHEW KRISE VICE PRESIDE 5.00
Officer Director
$0 $0 $0
MORGAN LEITZEL TREASURER 5.00
Officer Director
$0 $0 $0
JYOTI SHARMA MD BOARD MEMBER 5.00
Director
$0 $0 $0
KRISTEN OLEWINE MILKE BOARD MEMBER 5.00
Director
$0 $0 $0
DONALD MOWERY BOARD MEMBER 5.00
Director
$0 $0 $0
GREGORY SCHROEDER BOARD MEMBER 5.00
Director
$0 $0 $0
MARISSA SHOLLENBERGER BOARD MEMBER 5.00
Director
$0 $0 $0
TERESA N SLOCOMB BOARD MEMBER 5.00
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
2024 $3,427,104 $3,895,544 $8,319,588 $-468,440
2023 $4,544,619 $3,948,993 $8,460,877 $595,626
2022 $5,086,284 $2,962,731 $7,535,184 $2,123,553
2021 $2,863,907 $2,169,551 $5,952,312 $694,356
2020 $3,819,492 $3,242,776 $4,146,440 $576,716
2019 $5,597,847 $5,123,518 $3,998,200 $474,329
2018 $6,795,489 $5,064,674 $3,746,100 $1,730,815
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