CAROLINA BALLET THEATRE INC ATERM (EIN 237282935) - 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

1972

Legal Domicile

Principal Officer

RACHEL WESSELMAN

Phone

8646166157

Tax Period

2023-07-01 to 2024-06-30

CAROLINA BALLET THEATRE INC ATERM, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $393K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $452K exceeded revenue, resulting in a 15% operating deficit.

Mission

CAROLINA BALLET THEATRE'S MISSION IS TO ENGAGE, EDUCATE AND ENTERTAIN AUDIENCES THROUGH THE DYNAMIC MEDIUM OF DANCE

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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 (2023)

Revenue Breakdown

Contributions & Grants $106,824

Program Service Revenue $300,646

Investment Income $399

Other Revenue $-15,187

TOTAL REVENUE $392,682

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $440,999

Other Expenses $452,296

TOTAL EXPENSES $452,296

Year-over-Year Comparison

	2023	2022	Change
Revenue	$392,682	$299,378	+0.3%
Expenses	$452,296	$293,679	+0.5%
Net Income	$-59,614	$5,699	-11.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAM DI'TOMASO	BOARD MEMBER	1.00	Director	$0	$0	$0
AUGUSTA FOX	BOARD MEMBER	5.00	Director	$0	$0	$0
DONNA FRANK	BOARD MEMBER	2.00	Director	$0	$0	$0
KATIE HARRISON	BOARD MEMBER	1.00	Director	$0	$0	$0
SYDNEY MERCURIO	BOARD MEMBER	10.00	Director	$0	$0	$0
JENNIE MEYERS	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACY SCOTT	BOARD MEMBER	2.00	Director	$0	$0	$0
OLIVIA TUCKER	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE CHEVES	VICE PRESIDE	15.00		$0	$0	$0
LISA LAROCQUE	PRESIDENT	40.00		$0	$0	$0
CATHRYN LOPEZ	SECRETARY	1.00		$0	$0	$0
RACHEL WESSELMAN	TREASURER	3.00		$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	$392,682	$452,296	$116,801	$-59,614
2023	$299,378	$293,679	$176,415	$5,699
2022	$357,408	$272,483	$170,716	$84,925
2021	$174,516	$117,197	$87,791	$57,319
2020	$261,067	$261,142	$42,623	$-75
2019	$175,600	$251,798	$27,684	$-76,198

CAROLINA BALLET THEATRE INC ATERM