INDIANA BALLET CONSERVATORY INC

EIN: 272928161 501(c)(3) Arts, Culture & Humanities

CARMEL, IN

Total Revenue
$1,130,096
Total Expenses
$949,813
Total Assets
$636,440
Net Assets
$410,737
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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
IN
Principal Officer
RICHARD GRISKIE
Phone
3173791188
Tax Period
2024-08-01 to 2025-07-31

INDIANA BALLET CONSERVATORY INC, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $180K, a strong 16% operating margin.

Mission

INDIANA BALLET CONVERSATORY, INC. IS A NOT-FOR-PROFIT CORPORATION (THE "CORPORATION") ORGANIZED AND EXISTING UNDER THE PROVISIONS OF THE INDIANA NONPROFIT CORPORATION ACT OF 1991 AS AMENDED. THE CORPORATION WAS INCORPORATED IN INDIANA ON JUNE 28, 2010. THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES, WHICH INCLUDE THE EDUCATION OF THE GENERAL PUBLIC IN BALLET AND OTHER FORMS OF DANCE; THE INSTRUCTION, CHOREOGRAPHY AND PERFORMANCE OF BALLET AND OTHER FORMS OF DANCE; AND THE CREATION OF PROGRAMS AND PERFORMANCES FOR UNDERSERVED YOUTH IN THE GREATER INDIANAPOLIS, INDIANA AREA IN ORDER THAT SUCH YOUTH DEVELOP A GREATER AWARENESS OF BALLET AND OTHER FORMS OF DANCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $281,657
Program Service Revenue $838,153
Investment Income $9,236
Other Revenue $1,050
TOTAL REVENUE $1,130,096

Expense Breakdown

Grants Paid $0
Salaries & Benefits $469,648
Fundraising Expenses $7,902
Program Expenses $841,285
Other Expenses $480,165
TOTAL EXPENSES $949,813

Year-over-Year Comparison

2024 2023 Change
Revenue $1,130,096 $866,525 +0.3%
Expenses $949,813 $809,791 +0.2%
Net Income $180,283 $56,734 +2.2%
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
12
Volunteers
6

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
1
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARISOL BUCHANAN BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD GRISKIE BOARD PRESID 2.00
Officer Director
$0 $0 $0
CAMILLE NICODEMOUS BOARD MEMBER 1.00
Director
$0 $0 $0
MISSY RUST BOARD MEMBER 1.00
Director
$0 $0 $0
AMY WRIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
ALYONA YAKOVLEVA 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
2025 $1,130,096 $949,813 $636,440 $180,283
2024 $866,525 $809,791 $548,611 $56,734
2023 $692,053 $692,325 $584,105 $-272
2022 $651,465 $680,455 $193,640 $-28,990
2021 $682,441 $688,234 $260,991 $-5,793
2020 $810,553 $646,754 $269,671 $163,799
2019 $718,100 $707,411 $98,274 $10,689
2018 $720,905 $714,960 $100,130 $5,945
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