South Carolina Ballet

EIN: 237133145 501(c)(3) Arts, Culture & Humanities

Columbia, SC

Total Revenue
$2,325,201
Total Expenses
$2,219,944
Total Assets
$769,801
Net Assets
$606,692
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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
1965
Legal Domicile
SC
Principal Officer
William Starrett
Phone
8037997605
Tax Period
2024-04-01 to 2025-03-31

South Carolina Ballet, founded in 1965, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $2.2M left a modest 5% surplus.

Mission

Presentation & training in Ballet

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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 (2024)

Revenue Breakdown

Contributions & Grants $753,168
Program Service Revenue $1,496,100
Investment Income $51,922
Other Revenue $24,011
TOTAL REVENUE $2,325,201

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,169,442
Fundraising Expenses $133,690
Program Expenses $1,675,228
Other Expenses $1,050,502
TOTAL EXPENSES $2,219,944

Year-over-Year Comparison

2024 2023 Change
Revenue $2,325,201 $1,796,522 +0.3%
Expenses $2,219,944 $1,682,723 +0.3%
Net Income $105,257 $113,799 -0.1%
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

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Governance

Voting Members
24
Independent Members
24
Employees
25
Volunteers
125

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
3
$0
Total Directors
25
$130,458
Key Employees
1
$130,458
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William Starrett Artistic Director 40.00
Director Key Emp Highest
$126,970 $3,488 $130,458
Jared Smith President 5.00
Officer Director
$0 $0 $0
C Adair Bledsoe Jr Vice President 5.00
Officer Director
$0 $0 $0
Mary Beth Branham Board Member 2.00
Officer Director
$0 $0 $0
Jessica Yohe Treasurer 2.00
Director
$0 $0 $0
Louise Burns Board Member 2.00
Director
$0 $0 $0
Joy Bryant Board Member 2.00
Director
$0 $0 $0
Sue Kline Board Member 2.00
Director
$0 $0 $0
Marie Fox Board Member 2.00
Director
$0 $0 $0
Brad Giles Board Member 2.00
Director
$0 $0 $0
Joyce Martin Hill Board Member 2.00
Director
$0 $0 $0
Barry DeWayne Hogan Sr Board Member 2.00
Director
$0 $0 $0
Charles Bruce Johnson Board Member 2.00
Director
$0 $0 $0
John Kuppens Esquire Board Member 2.00
Director
$0 $0 $0
Sally McKay Secretary 4.00
Director
$0 $0 $0
Melanie Matthews Board Member 2.00
Director
$0 $0 $0
Jennifer McKellar Esquire Board Member 2.00
Director
$0 $0 $0
Mary Peck Board Member 2.00
Director
$0 $0 $0
Margaret Ellen Pender Board Member 2.00
Director
$0 $0 $0
Evan P Reed Board Member 2.00
Director
$0 $0 $0
Peter Roney Board Member 2.00
Director
$0 $0 $0
G Scott Middleton Board Member 2.00
Director
$0 $0 $0
Mark Shelley Board Member 2.00
Director
$0 $0 $0
Adam Vance Board Member 2.00
Director
$0 $0 $0
Sandra Rouse PHD Board Member 2.00
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
2025 $2,325,201 $2,219,944 $769,801 $105,257
2024 $1,796,522 $1,682,723 $702,244 $113,799
2023 $1,719,016 $1,425,111 $592,133 $293,905
2022 $1,160,258 $1,140,050 $347,590 $20,208
2021 $773,040 $698,531 $378,583 $74,509
2020 $1,355,345 $1,294,790 $200,031 $60,555
2018 $1,403,632 $1,342,106 $120,663 $61,526
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