New Mexico Ballet Company

EIN: 237247909 501(c)(3) Arts, Culture & Humanities

Albuquerque, NM

Total Revenue
$978,394
Total Expenses
$765,421
Total Assets
$1,443,713
Net Assets
$1,048,120
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
NM
Principal Officer
Jacque Wharton Moreno
Phone
5052924245
Tax Period
2023-07-01 to 2024-06-30

New Mexico Ballet Company, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $978K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $213K, a strong 22% operating margin.

Mission

To create and promote professional and innovative dance productions for New Mexicoaudiences while providing the highest caliber of education and training for young artists in the community.

Program Service Accomplishments

Program 1
Expenses: $713,366 Revenue: $846,771

New Mexico Ballet Company had the following activities for the reporting period:1. Classes and summer intensive program: instructional classes for ages 3 years and up in a variety of dance...

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New Mexico Ballet Company had the following activities for the reporting period:1. Classes and summer intensive program: instructional classes for ages 3 years and up in a variety of dance disciplines.2. Nutcracker Production: Five mainstage performances and 1 schooltime performance at Popejoy Hall including over 100 artists for approximately 10,500 audience members - 3,000 of which were children.3. Spring show, Choreographers Collective: 2 mainstage performances at UNMs Rodey Theatre for approximately 460 audience members, 63 of which were children. 4. School Recital: 2 mainstage performances at UNMs Rodey Theatre for 822 audience members, approximately 125 of which were children.

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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 (2023)

Revenue Breakdown

Contributions & Grants $81,331
Program Service Revenue $846,771
Investment Income $26,161
Other Revenue $24,131
TOTAL REVENUE $978,394

Expense Breakdown

Grants Paid $0
Salaries & Benefits $55,081
Fundraising Expenses $1,732
Program Expenses $713,366
Other Expenses $710,340
TOTAL EXPENSES $765,421

Year-over-Year Comparison

2023 2022 Change
Revenue $978,394 $880,653 +0.1%
Expenses $765,421 $608,585 +0.3%
Net Income $212,973 $272,068 -0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
2
Volunteers
75

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
6
$10,000
Total Directors
11
$15,428
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jacque Wharton Moreno Trustee 1.00
Director
$10,376 $0 $10,376
Emily Fine Finance Dir. 5.00
Officer
$10,000 $0 $10,000
Wendy Rubin Trustee 1.00
Director
$5,052 $0 $5,052
Sara Bonnell Past President 2.00
Officer Director
$0 $0 $0
Jenifer Kihm Vice President 1.00
Officer Director
$0 $0 $0
Renee Butler-Lewis Treasurer 1.00
Officer Director
$0 $0 $0
Jeremiah Moreno Secretary 1.00
Officer Director
$0 $0 $0
Vince Haslam Trustee 1.00
Director
$0 $0 $0
Judith Bennahum Trustee 1.00
Director
$0 $0 $0
Russell Janis Trustee 1.00
Director
$0 $0 $0
Julie Wray Trustee 1.00
Director
$0 $0 $0
Virginia Wilmerding Executive Dir. 5.00
Officer 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 No data No data No data No data
2024 $978,394 $765,421 $1,443,713 $212,973
2023 $880,653 $608,585 $1,271,772 $272,068
2022 $815,264 $616,358 $560,648 $198,906
2021 $179,766 $131,945 $365,501 $47,821
2020 $461,432 $356,413 $316,617 $105,019
2019 $528,124 $440,903 $211,096 $87,221
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