SANTA BARBARA FESTIVAL BALLET (EIN 237429689) - 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

1974

Legal Domicile

Principal Officer

SARAH CASE

Phone

8059660711

Tax Period

2023-09-01 to 2024-08-31

SANTA BARBARA FESTIVAL BALLET, founded in 1974, is a small nonprofit in the Arts, Culture & Humanities sector that reported $327K in total revenue in fiscal year 2023. Expenses of $382K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO ENRICH THE COMMUNITY THROUGH ARTISTIC PRESENTATIONS AND INSTRUCTION.

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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 $92,959

Program Service Revenue $228,681

Investment Income $0

Other Revenue $5,002

TOTAL REVENUE $326,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,128

Fundraising Expenses $0

Program Expenses $367,424

Other Expenses $345,308

TOTAL EXPENSES $382,436

Year-over-Year Comparison

	2023	2022	Change
Revenue	$326,642	$318,358	+0.0%
Expenses	$382,436	$312,215	+0.2%
Net Income	$-55,794	$6,143	-10.1%

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

Governance

Voting Members

Independent Members

Employees

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

$20,076

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH CASE	PRESIDENT	5.00	Officer Director	$0	$0	$0
ADDISON CLARKE	TREASURER	5.00	Officer Director	$0	$0	$0
SUSIE COUTURE	MEMBER AT LARGE	1.00	Director	$0	$0	$0
CONOR ADLER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHANIE OCHOA	MEMBER AT LARGE	1.00	Director	$0	$0	$0
VALERIE HUSTON	BOARD ADVISOR	5.00	Officer	$2,814	$0	$2,814
DENISE RINALDI	CONSERVATORY DIRECTOR	5.00	Officer	$17,262	$0	$17,262

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
2024	$326,642	$382,436	$25,816	$-55,794
2023	$318,358	$312,215	$30,692	$6,143
2022	$240,682	$315,180	$37,006	$-74,498
2021	$220,701	$167,182	$115,524	$53,519
2020	$273,881	$289,339	$66,771	$-15,458
2019	$344,930	$317,086	$59,035	$27,844
2018	$298,182	$288,557	$39,149	$9,625

SANTA BARBARA FESTIVAL BALLET