CENTRAL PENNSYLVANIA YOUTH 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

Formation Year

1955

Legal Domicile

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

ESTABLISHED IN 1955 BY FOUNDING ARTISTIC DIRECTOR MARCIA DALE WEARY, CENTRAL PENNSYLVANIA YOUTH BALLET (CPYB) IS A NATIONALLY AND INTERNATIONALLY RECOGNIZED SCHOOL OF CLASSICAL (CONTINUED ON SCHEDULE O)

Program Service Accomplishments

Program 1

Expenses: $3,089,890 Revenue: $2,906,273

CPYB IS FIRST AN EDUCATIONAL CENTER DRAWING STUDENTS FROM ACROSS THE NATION AND AROUND THE WORLD TO ITS ACADEMIC YEAR AND SUMMER CLASSICAL BALLET TRAINING PROGRAMS. ACCOMPLISHED FACULTY, EQUIPPED...

CPYB IS FIRST AN EDUCATIONAL CENTER DRAWING STUDENTS FROM ACROSS THE NATION AND AROUND THE WORLD TO ITS ACADEMIC YEAR AND SUMMER CLASSICAL BALLET TRAINING PROGRAMS. ACCOMPLISHED FACULTY, EQUIPPED WITH A PROVEN CURRICULUM, TEACH STUDENTS IN THE SCHOOL'S PRESCHOOL, PRIMARY, AND PRE PROFESSIONAL DIVISIONS WITH EACH PROGRAM CHALLENGING STUDENTS AND SUPPORTING THEIR PHYSICAL, MENTAL, ARTISTIC, AND EMOTIONAL DEVELOPMENT CONSISTENT WITH THAT LEVEL. SUMMER BALLET PROGRAM STUDENTS PARTICIPATE IN A COMPREHENSIVE CURRICULUM THAT BRINGS TOGETHER THE FINEST IN TECHNIQUE, STRENGTHENING, AND ARTISTRY. PERFORMANCE OPPORTUNITIES, CRUCIAL IN THE TRAINING OF A YOUNG DANCER, PROVIDE ACADEMIC YEAR STUDENTS WITH EXPERIENCE IN WORKING WITH CHOREOGRAPHERS ACROSS A BROAD RANGE OF REPERTORY.

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$201,460

Total Directors