THE TALLAHASSEE BALLET 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

1972

Legal Domicile

Principal Officer

KEVIN CLARK

Phone

8502246917

Tax Period

2024-08-01 to 2025-07-31

THE TALLAHASSEE BALLET INC, founded in 1972, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

THE TALLAHASSEE BALLET IS A REGIONAL, NON-PROFIT DANCE COMPANY FEATURING A DIVERSE REPERTORY OF CLASSICAL AND CONTEMPORARY BALLET PERFORMED BY PROFESSIONAL AND EMERGING PROFESSIONAL DANCERS. THE TALLAHASSEE BALLET STIMULATES APPRECIATION OF THE DANCE ART THROUGH A VARIETY OF ANNUAL, EXCEPTIONAL PRODUCTIONS, EDUCATION AND COMMUNITY OUTREACH.

Program Service Accomplishments

Program 1

Expenses: $991,961 Revenue: $875,810

THE TALLAHASSEE BALLET PRESENTS NUMEROUS BALLET PROGRAMS OPEN TO THE GENERAL PUBLIC, ENCOURAGES ARTISTIC EDUCATION THROUGH COMMUNITY OUTREACH PROGRAMS AND HOLDS CLASSES AND WORKSHOPS TO TEACH 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 $303,088

Program Service Revenue $875,810

Investment Income $5,047

Other Revenue $36,317

TOTAL REVENUE $1,220,262

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $453,273

Fundraising Expenses $48,559

Program Expenses $991,961

Other Expenses $784,289

TOTAL EXPENSES $1,239,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,220,262	$1,078,722	+0.1%
Expenses	$1,239,062	$1,139,527	+0.1%
Net Income	$-18,800	$-60,805	-0.7%

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

200

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

$68,486

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAUREN HERNANDEZ	CHIEF EXCUTI	40.00	Officer	$67,273	$1,213	$68,486
SHELBY AUGUSTYNIAK	BOARD MEMBER	1.00	Director	$0	$0	$0
DUSTIN BAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN CLARK	BOARD MEMBER	1.00	Director	$0	$0	$0
BETSY COUCH	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLA HUTCHINSON PH D	PAST-PRES	2.00	Officer Director	$0	$0	$0
CARLA DELOACH	BOARD MEMBER	1.00	Director	$0	$0	$0
GAYLE GRIMES	SECRETARY	2.00	Officer Director	$0	$0	$0
ANDREA LEWIS	TREASURER	2.00	Officer Director	$0	$0	$0
AGATHA MUSE-LAMB	BOARD MEMBER	1.00	Director	$0	$0	$0
FELICIA LEBORGNE NOWELS	BOARD MEMBER	1.00	Director	$0	$0	$0
TRINA SEARCY	PRESIDENT	2.00	Officer Director	$0	$0	$0
SARAH VILLELLA	BOARD MEMBER	1.00	Director	$0	$0	$0
CAITLIN WATERS	BOARD MEMBER	1.00	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	$1,220,262	$1,239,062	$640,886	$-18,800
2024	$1,078,722	$1,139,527	$651,008	$-60,805
2023	$891,391	$1,034,657	$710,479	$-143,266
2022	$1,030,970	$911,165	$852,817	$119,805
2021	$941,028	$333,981	$967,484	$607,047
2020	$684,085	$667,818	$200,994	$16,267
2019	$711,494	$756,658	$106,708	$-45,164
2018	$762,192	$736,774	$151,215	$25,418