BALLET VIRGINIA (EIN 262443093) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

JANINA MICHALSKI

Phone

7574461401

Tax Period

2024-07-01 to 2025-06-30

BALLET VIRGINIA INTERNATIONAL, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $784K in total revenue in fiscal year 2017. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $711K left a modest 9% surplus.

Mission

BALLET VIRGINIA (BV) IS A REGIONAL BALLET COMPANY WITH AN ASSOCIATED ACADEMY. BV PROVIDE QUALITY PROFESSIONAL PRODUCTIONS/PERFORMANCES AND TRAINING FOR CLASSICAL DANCERS IN THE HAMPTON ROADS COMMUNITY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $167,530

Program Service Revenue $1,110,118

Investment Income $65

Other Revenue $1,625

TOTAL REVENUE $1,279,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $625,872

Fundraising Expenses $31,142

Program Expenses $820,908

Other Expenses $567,872

TOTAL EXPENSES $1,193,744

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,279,338	$1,232,370	+0.0%
Expenses	$1,193,744	$1,280,473	-0.1%
Net Income	$85,594	$-48,103	-2.8%

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

140

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
JANINA MICHALSKI	CO-ARTISTIC DIRECTOR	40.00	Officer Director	$0	$0	$0
SUZANNE LOWNSBURY	CO-ARTISTIC DIRECTOR	40.00	Director	$0	$0	$0
JANE BRAY	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL LEVY	BOARD MEMBER	2.00	Director	$0	$0	$0
PAUL MCGOVERN	BOARD MEMBER	2.00	Director	$0	$0	$0
NANCY MINQUEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
GRACE ATKINSON	BOARD MEMBER	2.00	Director	$0	$0	$0
ASHTON SNIEDERMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
ELBERT WATSON	GUILD CHAIR	2.00	Director	$0	$0	$0
GENE HANSEN	GUILD CHAIR	2.00	Director	$0	$0	$0
APRIL WOODARD	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICK FRANCIS	BOARD MEMBER	2.00	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	$1,279,338	$1,193,744	$553,470	$85,594
2024	$1,220,869	$1,260,276	$221,458	$-39,407
2024	$1,206,005	$1,254,108	$690,907	$-48,103
2023	$1,265,856	$1,281,650	$257,775	$-15,794
2022	$1,188,298	$1,013,564	$278,042	$174,734
2021	$820,928	$815,285	$205,568	$5,643
2018	$783,759	$711,330	$325,225	$72,429

BALLET VIRGINIA