COVENANT BALLET THEATRE OF BROOKLYN (EIN 261136590) - 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

2007

Legal Domicile

Principal Officer

MARLA HIROKAWA

Phone

7188916199

Tax Period

2023-09-01 to 2024-08-31

COVENANT BALLET THEATRE OF BROOKLYN, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $475K in total revenue in fiscal year 2023.

Mission

TO PROVIDE AN EXCELLENT LOCAL ALTERNATIVE FOR PROFESSIONAL AND STANDARD PERFORMANCE AND DANCE 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 $290,149

Program Service Revenue $184,905

Investment Income $0

Other Revenue $0

TOTAL REVENUE $475,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $180,777

Fundraising Expenses $0

Program Expenses $336,053

Other Expenses $287,136

TOTAL EXPENSES $467,913

Year-over-Year Comparison

	2023	2022	Change
Revenue	$475,054	$485,531	0.0%
Expenses	$467,913	$467,629	+0.0%
Net Income	$7,141	$17,902	-0.6%

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

$144,215

Total Directors

$64,215

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN B RISSMAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
BRIANA PARKER	SECRETARY	2.00	Officer Director	$0	$0	$0
MARLA A HIROKAWA	TREASURER & ARTISTIC DIREC	40.00	Officer Director	$60,000	$4,215	$64,215
FRANK PRATT	DIRECTOR	2.00	Director	$0	$0	$0
LAURIE HAMANO	DIRECTOR	2.00	Director	$0	$0	$0
LISA TACHICK HOOPER	DIRECTOR	2.00	Director	$0	$0	$0
SONIA K JONES	EXECUTIVE DIRECTOR	40.00	Officer	$80,000	$0	$80,000

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	$475,054	$467,913	$338,331	$7,141
2023	$485,531	$467,629	$362,795	$17,902
2022	$325,780	$349,312	$191,597	$-23,532
2021	$350,774	$291,744	$210,557	$59,030
2020	$294,169	$323,278	$173,811	$-29,109
2019	$296,890	$322,947	$176,029	$-26,057
2018	$249,763	$286,695	$217,683	$-36,932

COVENANT BALLET THEATRE OF BROOKLYN