Encinitas Ballet Academy and Arts Center (EIN 300734546) - 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

2012

Legal Domicile

Principal Officer

Sayat Asatryan

Phone

7606324947

Tax Period

2024-01-01 to 2024-12-31

Encinitas Ballet Academy and Arts Center, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $215K in total revenue in fiscal year 2024.

Mission

Encinitas Ballet Academy is a premier training institution dedicated to delivering the highest standards of classical ballet technique, integrity, and professionalism. Our mission is to nurture young dancers by fostering self-confidence, individual style, artistic expression, and a lifelong appreciation for the art of ballet. Through discipline and correct leadership, we shape the leaders of tomorrow?young individuals with strong character, work ethic, and resilience. Encinitas Ballet also engages in educational outreach, bringing classical ballet to public and private schools to inspire and cultivate a deeper understanding and appreciation of ballet within our community. We offer ballet scholarships to talented students who lack the financial means to pursue high-quality arts education ensuring that economic barriers do not stand in the way of artistic growth and opportunity.

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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 (2024)

Revenue Breakdown

Contributions & Grants $8,067

Program Service Revenue $206,801

Investment Income $0

Other Revenue $0

TOTAL REVENUE $214,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,082

Fundraising Expenses $0

Program Expenses $20,717

Other Expenses $119,384

TOTAL EXPENSES $214,466

Year-over-Year Comparison

	2024	2023	Change
Revenue	$214,868	N/A	N/A
Expenses	$214,466	N/A	N/A
Net Income	$402	$0	N/A

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

N/A

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

$19,100

Total Directors

$56,210

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sayat Asatryan	Artistic Director, CEO	48	Director	$56,210	$0	$56,210
Olga Tchekachova	CFO	22	Officer	$19,100	$0	$19,100

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	$214,868	$214,466	$402	$402
2023	$234,736	$232,446	$2,290	$2,290

Encinitas Ballet Academy and Arts Center