PITTSBURGH BALLET THEATRE INC

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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

1969

Legal Domicile

Principal Officer

NICHOLAS DRAGGA

Phone

4122810360

Tax Period

2024-07-01 to 2025-06-30

PITTSBURGH BALLET THEATRE INC, founded in 1969, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $15.0M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $13.9M left a modest 8% surplus.

Mission

FOR THE DESCRIPTION OF PITTSBURGH BALLET THEATRE INC.'S PRIMARY MISSION.THE BALLET IS PITTSBURGH'S SOURCE AND AMBASSADOR FOR EXTRAORDINARY BALLET EXPERIENCES THAT GIVE LIFE TO THE CLASSICAL TRADITION, NURTURE NEW IDEAS AND, ABOVE ALL, INSPIRE. IT PERPETUATES EXCELLENCE IN THE ART OF BALLET THOUGH PERFORMANCES, SUPERIOR TRAINING OF STUDENT DANCERS, THROUGH EDUCATION, COMMUNITY ENGAGEMENT AND APPRECIATION OF THE ART FORM.PITTSBURGH BALLET THEATRE BELIEVES THAT ACHIEVING DIVERSITY IN ITS COMPANY, STAFF, SCHOOL, AUDIENCES AND BOARD OF TRUSTEES IS ESSENTIAL TO ACCOMPLISHING ITS STATED MISSION TO "PERPETUATE EXCELLENCE IN THE ART OF BALLET." PITTSBURGH BALLET THEATRE COMMITS ITSELF TO CREATING AN INCLUSIVE ENVIRONMENT OF MUTUAL RESPECT AND SUPPORT THAT EMBRACES INDIVIDUALITY AND IS WELCOMING TO ALL.

Program Service Accomplishments

Program 1

Expenses: $9,435,988 Revenue: $4,116,088

PRODUCTION AND PERFORMANCE OF BALLET - EXPOSE AUDIENCES, BOTH IN PITTSBURGH AND ON TOUR, TO WORLD-CLASS BALLET THROUGH PRESENTATION OF TRADITIONAL BALLETS BY LEGENDARY MASTERS AND THE COMMISSION AND PRESENTATION OF NEW WORKS BY INNOVATIVE CHOREOGRAPHERS. THERE WERE 42 PERFORMANCES WITH 59,722 PATRONS ATTENDING.

Program 2

Expenses: $1,931,168 Revenue: $1,917,630

SCHOOL - 936 STUDENTS ARE ENROLLED IN THE PROGRAM WHICH ATTRACTS, DEVELOPS AND RETAINS EXCELLENT DANCERS. THE SCHOOL WORKS TO INSTILL A LONG-TERM VALUE OF THE ART FORM IN EACH STUDENT WHILE...

SCHOOL - 936 STUDENTS ARE ENROLLED IN THE PROGRAM WHICH ATTRACTS, DEVELOPS AND RETAINS EXCELLENT DANCERS. THE SCHOOL WORKS TO INSTILL A LONG-TERM VALUE OF THE ART FORM IN EACH STUDENT WHILE EMPHASIZING THE STUDY OF DIVERSE, HIGH QUALITY CURRICULUM IN A POSITIVE AND INSPIRATIONAL LEARNING ENVIRONMENT.

Program 3

Expenses: $608,640

ARTS EDUCATION - SERVES MORE THAN 13,000 ADULTS AND CHILDREN EACH YEAR THROUGH PROGRAMS THAT BROADEN AND DIVERSIFY ACCESS TO THE ART FORM. PROGRAMMING TAKES PLACE BOTH ON THE PBT CAMPUS AND IN...

ARTS EDUCATION - SERVES MORE THAN 13,000 ADULTS AND CHILDREN EACH YEAR THROUGH PROGRAMS THAT BROADEN AND DIVERSIFY ACCESS TO THE ART FORM. PROGRAMMING TAKES PLACE BOTH ON THE PBT CAMPUS AND IN SCHOOLS, COMMUNITY CENTERS, LIBRARIES, PUBLIC SPACES AND AT THE THEATER. THE DEPARTMENT ALSO COORDINATES ACCESSIBILITY INITIATIVES, WHICH INCLUDE CLASSES AND PERFORMANCES, AS WELL AS THEATER ACCOMMODATIONS, FOR PATRONS WITH SPECIAL NEEDS. THE DEPARTMENT'S NEEDS-BASED SCHOLARSHIP PROGRAM AFFORDS YOUNG CHILDREN FROM DIVERSE SOCIOECONOMIC BACKGROUNDS THE OPPORTUNITY TO STUDY BALLET AND DANCE AT PBT.

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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 $7,280,322

Program Service Revenue $6,061,689

Investment Income $1,509,307

Other Revenue $171,468

TOTAL REVENUE $15,022,786

Expense Breakdown

Grants Paid $237,117

Salaries & Benefits $4,994,733

Fundraising Expenses $634,424

Program Expenses $11,975,796

Other Expenses $8,605,091

TOTAL EXPENSES $13,881,941

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,022,786	$12,824,998	+0.2%
Expenses	$13,881,941	$13,826,482	+0.0%
Net Income	$1,140,845	$-1,001,484	-2.1%

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

261

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

$618,038

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AYANA TETER	CHAIR	1.00	Officer Director	$0	$0	$0
JAMES E CROCKARD III	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICH BEATY	TREASURER	1.00	Officer Director	$0	$0	$0
DEBRA DERMODY ESQ	SECRETARY	1.00	Officer Director	$0	$0	$0
CAMERA BARLOTTA	TRUSTEE	0.10	Director	$0	$0	$0
EDWIN BEACHLER	TRUSTEE	0.10	Director	$0	$0	$0
ANASTASIA BEDARD	TRUSTEE (ENTERED 04/25)	0.10	Director	$0	$0	$0
GEOFFREY BOND	TRUSTEE	0.10	Director	$0	$0	$0
CAROLYN M BYHAM	TRUSTEE	0.10	Director	$0	$0	$0
JANET CAMPBELL	TRUSTEE	0.10	Director	$0	$0	$0
CONNIE CESARIO	TRUSTEE	0.10	Director	$0	$0	$0
JAY COSTA JR	TRUSTEE	0.10	Director	$0	$0	$0
AHMED EL NOKALI	TRUSTEE (ENTERED 09/24)	0.10	Director	$0	$0	$0
MARY FINGER	TRUSTEE	0.10	Director	$0	$0	$0
DAWN FLEISHNER	TRUSTEE	0.10	Director	$0	$0	$0
MACALUS HOGAN	TRUSTEE	0.10	Director	$0	$0	$0
DONA HOTOPP	TRUSTEE	0.10	Director	$0	$0	$0
DENA LAMAR	TRUSTEE	0.10	Director	$0	$0	$0
GARFIELD LEMONIUS	TRUSTEE	0.10	Director	$0	$0	$0
MARY MCKINNEY	TRUSTEE	0.10	Director	$0	$0	$0
PEGGY MCKNIGHT	TRUSTEE	0.10	Director	$0	$0	$0
LEROY L METZ II	TRUSTEE	0.10	Director	$0	$0	$0
KATHLEEN MICLOT	TRUSTEE	0.10	Director	$0	$0	$0
NATALIE MIHALEK	TRUSTEE	0.10	Director	$0	$0	$0
MELONIE NANCE	TRUSTEE	0.10	Director	$0	$0	$0
SANDRA NICHOLAS	TRUSTEE	0.10	Director	$0	$0	$0
LINDSAY POWELL	TRUSTEE (ENTERED 02/25)	0.10	Director	$0	$0	$0
RICHARD E RAUH	TRUSTEE	0.10	Director	$0	$0	$0
LISA SAPERSTEIN	TRUSTEE	0.10	Director	$0	$0	$0
STEPHANIE SCIULLO	TRUSTEE	0.10	Director	$0	$0	$0
ARIANA ORNELAS SMYTH	TRUSTEE	0.10	Director	$0	$0	$0
SHELLEY TAYLOR	TRUSTEE	0.10	Director	$0	$0	$0
ELIZABETH TETI	TRUSTEE	0.10	Director	$0	$0	$0
DAVID F TUTHILL	TRUSTEE	0.10	Director	$0	$0	$0
HILARY S TYSON	TRUSTEE	0.10	Director	$0	$0	$0
JOSEPH VINCENT	TRUSTEE	0.10	Director	$0	$0	$0
WINTHROP WATSON	TRUSTEE	0.10	Director	$0	$0	$0
ADAM MCKINNEY	ARTISTIC DIRECTOR	40.00	Officer	$219,914	$30,057	$249,971
NICHOLAS DRAGGA	EXECUTIVE DIRECTOR	40.00	Officer	$225,626	$14,478	$240,104
CINDY ROSE CRAIN DIRECTOR OF	FINANCE AND OPERATIONS	40.00	Officer	$122,067	$5,896	$127,963
RAYMOND RODRIGUEZ	DEAN OF PBT SCHOOL	40.00	Highest	$115,456	$12,588	$128,044
LOUIS CASTELLI	DIRECTOR OF MARKETING	40.00	Highest	$116,725	$4,015	$120,740

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	$15,022,786	$13,881,941	$31,488,154	$1,140,845
2024	No data	No data	No data	No data
2023	$10,471,682	$12,889,620	$29,449,486	$-2,417,938
2022	$16,154,254	$12,380,297	$29,203,539	$3,773,957
2021	$10,631,754	$9,119,675	$25,301,927	$1,512,079
2020	$9,730,713	$10,864,730	$20,926,499	$-1,134,017
2019	$12,330,515	$11,922,993	$20,878,694	$407,522