AMERICAN FRIENDS OF COVENT GARDEN THE ROYAL BALLET INC (EIN 237039510) - 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

1972

Legal Domicile

Principal Officer

G SCOTT CLEMONS

Phone

2124938379

Tax Period

2023-09-01 to 2024-08-31

AMERICAN FRIENDS OF COVENT GARDEN THE ROYAL BALLET INC, founded in 1972, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $636K, a strong 29% operating margin.

Mission

TO PROMOTE OPERA, BALLET AND MUSIC BETWEEN THE U.S. AND THE U.K.

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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 $2,205,578

Program Service Revenue $0

Investment Income $4,383

Other Revenue $0

TOTAL REVENUE $2,209,961

Expense Breakdown

Grants Paid $1,444,863

Salaries & Benefits $85,200

Fundraising Expenses $0

Program Expenses $1,473,263

Other Expenses $43,457

TOTAL EXPENSES $1,573,520

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,209,961	$3,352,291	-0.3%
Expenses	$1,573,520	$3,303,363	-0.5%
Net Income	$636,441	$48,928	+12.0%

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

N/A

Volunteers

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

$87,712

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR JOHN MCGINN	CHAIR	2.00	Officer Director	$0	$0	$0
MS SUSAN B OLDE	VICE CHAIR	0.50	Officer Director	$0	$0	$0
MR JOHN G TURNER	VICE CHAIR	0.50	Officer Director	$0	$0	$0
MR G SCOTT CLEMONS	TREASURER	2.00	Officer Director	$0	$0	$0
MS MERCEDES T BASS	DIRECTOR	0.50	Director	$0	$0	$0
MRS ERIKA BEARMAN	DIRECTOR	0.50	Director	$0	$0	$0
MS SUSAN S BRADDOCK	DIRECTOR	0.50	Director	$0	$0	$0
MR MAX CARTELLIERI	DIRECTOR	0.50	Director	$0	$0	$0
MRS PEGGY CZYZAK DANNENBAUM	DIRECTOR	0.50	Director	$0	$0	$0
MS MISOOK DOOLITTE	DIRECTOR	0.50	Director	$0	$0	$0
MR LORD JOHN EATWELL	DIRECTOR	0.50	Director	$0	$0	$0
HRH PRINCESS FIRYAL OF JORDAN	DIRECTOR	0.50	Director	$0	$0	$0
MR SIMON FREAKLEY	DIRECTOR	0.50	Director	$0	$0	$0
MS BETH W GLYNN	DIRECTOR	0.50	Director	$0	$0	$0
LADY CAROLINE GRANGE	DIRECTOR	0.50	Director	$0	$0	$0
MS JOAN GRANLUND	DIRECTOR	0.50	Director	$0	$0	$0
MR FREDERICK ISEMAN	DIRECTOR	0.50	Director	$0	$0	$0
MR CHRISTOPHER JONES	DIRECTOR	0.50	Director	$0	$0	$0
MR BRUCE KOVNER	DIRECTOR (THRU MAY 2024)	0.50	Director	$0	$0	$0
MR ALAN G LEVIN	DIRECTOR	0.50	Director	$0	$0	$0
MS BETH MADISON	DIRECTOR	0.50	Director	$0	$0	$0
MRS ISABEL MEE	DIRECTOR	0.50	Director	$0	$0	$0
REBECCA MORSE	DIRECTOR	0.50	Director	$0	$0	$0
MS MILENA SALES	EXEC. DIR./SECRETARY	35.00	Officer	$87,712	$0	$87,712

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	$2,209,961	$1,573,520	$1,226,447	$636,441
2023	$3,352,291	$3,303,363	$596,856	$48,928
2022	$2,013,244	$2,406,600	$566,228	$-393,356
2021	$1,833,201	$1,355,038	$957,784	$478,163
2020	$4,234,527	$5,571,246	$454,514	$-1,336,719
2019	$4,093,202	$4,832,511	$1,793,327	$-739,309
2018	$10,040,298	$9,275,300	$2,535,617	$764,998

AMERICAN FRIENDS OF COVENT GARDEN THE ROYAL BALLET INC