FESTIVAL BALLET ALBUQUERQUE

EIN: 271993089 501(c)(3) Arts, Culture & Humanities

ALBUQUERQUE, NM

Total Revenue
$261,013
Total Expenses
$247,220
Total Assets
$38,593
Net Assets
$30,611
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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
2009
Legal Domicile
NM
Principal Officer
PATRICIA DICKINSON WELLS
Phone
5054406330
Tax Period
2025-01-01 to 2025-12-31

FESTIVAL BALLET ALBUQUERQUE, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $261K in total revenue in fiscal year 2025. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $247K left a modest 5% surplus.

Mission

THE CORPORATION IS FORMED FOR EDUCATIONAL AND CHARITABLE PURPOSES, WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, TO FURTHER THE APPRECIATION AND ADVANCEMENT IN THE COMMUNITY OF THE ART OF DANCE, TO PROVIDE PERFORMANCE AND EDUCATIONAL OPPORTUNITIES TO STUDENTS OF DANCE, AND TO PROVIDE OPPORTUNITIES FOR THIS COMMUNITY TO BE ENRICHED THROUGH THE PUBLIC PERFORMANCE OF DANCE, AND TO DO ANY OTHER ACT OR THING INCIDENTAL TO OR CONNECTED WITH THE FOREGOING PURPOSES OR IN ADVANCEMENT THEREOF, BUT NOT FOR THE PECUNIARY PROFIT OF FINANCIAL GAIN, EXCEPT AS PERMITTED UNDER THE NEW MEXICO NONPROFIT CORPORATION ACT.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $94,919
Program Service Revenue $159,427
Investment Income $0
Other Revenue $6,667
TOTAL REVENUE $261,013

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,064
Fundraising Expenses $0
Program Expenses $210,642
Other Expenses $236,156
TOTAL EXPENSES $247,220

Year-over-Year Comparison

2025 2024 Change
Revenue $261,013 $178,872 +0.5%
Expenses $247,220 $237,057 +0.0%
Net Income $13,793 $-58,185 -1.2%
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

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Governance

Voting Members
6
Independent Members
6
Employees
5
Volunteers
105

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
4
$1,100
Total Directors
6
$800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA DICKINSON WELLS EXECUTIVE DI 11.06
Officer
$1,100 $0 $1,100
LOUIS GIANNINI DIRECTOR 0.20
Director
$800 $0 $800
EDWARD K MEREWETHER PRESIDENT 0.20
Officer Director
$0 $0 $0
LINDA SEDILLO GONZALES TREASURER 1.50
Officer Director
$0 $0 $0
VALERIE GARCIA SECRETARY 0.20
Officer Director
$0 $0 $0
CYNTHIA HALL DIRECTOR 0.20
Director
$0 $0 $0
CORALEE QUINTANA DIRECTOR 0.20
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 $261,013 $247,220 $38,593 $13,793
2024 $178,872 $237,057 $16,846 $-58,185
2023 $346,440 $315,894 $75,030 $30,546
2022 $261,402 $247,672 $44,480 $13,730
2021 $124,006 $183,983 $30,736 $-59,977
2020 $192,700 $146,034 $90,709 $46,666
2019 $399,268 $382,067 $44,132 $17,201
2018 $219,419 $199,108 $42,811 $20,311
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