GELSEY KIRKLAND ACADEMY OF CLASSICAL BALLET INC (EIN 271623781) - 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

2010

Legal Domicile

Principal Officer

MICHAEL CHERNOV

Phone

9177036219

Tax Period

2021-06-01 to 2022-05-31

GELSEY KIRKLAND ACADEMY OF CLASSICAL BALLET INC, founded in 2010, is a small nonprofit that reported $542K in total revenue in fiscal year 2021. Revenue surged 3822% from the prior year, signaling strong growth momentum. The organization ran a surplus of $135K, a strong 25% operating margin.

Mission

SEE SCHEDULE 0

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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 (2021)

Revenue Breakdown

Contributions & Grants $5

Program Service Revenue $0

Investment Income $541,412

Other Revenue $485

TOTAL REVENUE $541,902

Expense Breakdown

Grants Paid $320,000

Salaries & Benefits $32,128

Fundraising Expenses $0

Program Expenses $320,000

Other Expenses $54,723

TOTAL EXPENSES $406,851

Year-over-Year Comparison

	2021	2020	Change
Revenue	$541,902	$13,817	+38.2%
Expenses	$406,851	$184,163	+1.2%
Net Income	$135,051	$-170,346	-1.8%

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

N/A

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

$175,501

Total Directors

$175,501

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CHERNOV	EXECUTIVE/ARTISTIC DIRECTOR	20.00	Officer Director Highest	$127,346	$0	$127,346
GELSEY KIRKLAND	SECRETARY/ARTISTIC CO-DIRECTOR	5.00	Officer Director	$48,155	$0	$48,155
ANDRE TCHELISTCHEFF	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RACHEL PIVNICK	TREASURER	1.00	Officer Director	$0	$0	$0
NILAY SHAH	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
2022	$541,902	$406,851	$21,812	$135,051
2021	$13,817	$184,163	$312,517	$-170,346
2020	$769,705	$936,508	$368,660	$-166,803
2019	$1,351,447	$1,268,701	$651,813	$82,746
2018	$1,886,636	$2,139,832	$886,199	$-253,196

GELSEY KIRKLAND ACADEMY OF CLASSICAL BALLET INC