OLYMPIC BALLET THEATRE (EIN 237150349) - 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

1970

Legal Domicile

Phone

4257747570

Tax Period

2024-09-01 to 2025-08-31

OLYMPIC BALLET THEATRE, founded in 1970, is a small nonprofit that reported $416K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

Our mission is to develop, sustain, and provide professional dance to public and school audiences in the Puget Sound area, to promote dance as a creative performing art, and to engage the widest possible audience with a stimulating repertoire of classical, contemporary, and dramatic 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $100,557

Program Service Revenue $304,987

Investment Income $880

Other Revenue $10,012

TOTAL REVENUE $416,436

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,909

Fundraising Expenses $0

Program Expenses $318,268

Other Expenses $366,001

TOTAL EXPENSES $424,910

Year-over-Year Comparison

	2024	2023	Change
Revenue	$416,436	$377,084	+0.1%
Expenses	$424,910	$452,838	-0.1%
Net Income	$-8,474	$-75,754	-0.9%

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

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

$26,400

Total Directors

$26,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Oleg Gorboulev	Co-Artistic Director	20	Officer Director	$13,200	$0	$13,200
Mara Vinson	Co-Artistic Director	20	Officer Director	$13,200	$0	$13,200
Marilla Sargent	President	1	Officer Director	$0	$0	$0
Kelly Hui	Secretary	2	Officer Director	$0	$0	$0
Suzanne Cancler	Treasurer	4	Officer Director	$0	$0	$0
Sylvia Christian	Director	1	Director	$0	$0	$0
William C Jones	Director	1	Director	$0	$0	$0
Lars Christian	Director	1	Director	$0	$0	$0
Derek Thurmer	Director	1	Director	$0	$0	$0
Elizabeth Fitzpatrick	Director	1	Director	$0	$0	$0
Kara McDermott	Director	1	Director	$0	$0	$0
Alicia Kikuchi	Director	1	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	$416,436	$424,910	$239,692	$-8,474
2024	$377,084	$452,838	$232,120	$-75,754
2023	$447,231	$420,193	$329,266	$27,038
2022	$332,657	$386,081	$280,060	$-53,424

OLYMPIC BALLET THEATRE