BALLET METROPOLITAN INC

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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

1974

Legal Domicile

Principal Officer

SUE PORTER

Phone

6142294860

Tax Period

2024-07-01 to 2025-06-30

BALLET METROPOLITAN INC, founded in 1974, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $10.1M in total revenue in fiscal year 2024. Expenses of $8.7M left a modest 13% surplus.

Mission

BALLETMET WILL CELEBRATE DANCE BY ENGAGING THE COMMUNITY THROUGH QUALITY PERFORMANCES, INSTRUCTION, EDUCATION PROGRAMS, AND CREATION OF NEW WORK.

Program Service Accomplishments

Program 1

Expenses: $4,880,488 Revenue: $2,734,435

PROFESSIONAL COMPANY PERFORMANCES - BALLETMET IS ONE OF COLUMBUS'S LARGEST PERFORMING ARTS ORGANIZATIONS AND AMONG THE NATION'S TOP BALLET COMPANIES. A RESIDENT COMPANY OF 26 PROFESSIONAL DANCERS...

PROFESSIONAL COMPANY PERFORMANCES - BALLETMET IS ONE OF COLUMBUS'S LARGEST PERFORMING ARTS ORGANIZATIONS AND AMONG THE NATION'S TOP BALLET COMPANIES. A RESIDENT COMPANY OF 26 PROFESSIONAL DANCERS PERFORMS AN ANNUAL SEASON OF 60-90 PERFORMANCES, WITH A REPERTOIRE RANGING FROM CLASSICAL BALLETS TO CONTEMPORARY MASTERWORKS. THE COMMISSION AND PERFORMANCE OF NEW WORKS IS A CORE PRIORITY AND AN ESSENTIAL ORGANIZATIONAL FOCUS, AND BALLETMET HAS COMMISSIONED THE WORLD'S MOST HIGHLY SOUGHT AFTER CHOREOGRAPHERS.CONTINUED ON SCHEDULE OBALLETMET ALSO SUPPORTS EMERGING CHOREOGRAPHERS, INCLUDING A NUMBER OF ITS COMPANY DANCERS WHO HAVE EARNED SIGNIFICANT NATIONAL AWARDS FOR THEIR WORK. BALLETMET IS A CULTURAL AMBASSADOR FOR COLUMBUS, TOURING NATIONALLY AND INTERNATIONALLY, INCLUDING TWICE BY INVITATION AT NEW YORK CITY'S PRESTIGIOUS JOYCE THEATER. COLUMBUS PERFORMANCE VENUES INCLUDE THE OHIO AND JOANN DAVIDSON THEATRES AND THE 225-SEAT PERFORMANCE SPACE ON BALLETMET'S DOWNTOWN CAMPUS.

Program 2

Expenses: $2,355,886 Revenue: $2,524,201

DANCE ACADEMY CLASSES - THE BALLETMET DANCE ACADEMY OFFERS A FULL CURRICULUM FOR THE SERIOUS AND THE RECREATIONAL STUDENT, WITH A VARIETY OF CLASSES FOR AGES THREE TO SENIOR ADULT. CLASSES INCLUDE...

DANCE ACADEMY CLASSES - THE BALLETMET DANCE ACADEMY OFFERS A FULL CURRICULUM FOR THE SERIOUS AND THE RECREATIONAL STUDENT, WITH A VARIETY OF CLASSES FOR AGES THREE TO SENIOR ADULT. CLASSES INCLUDE BALLET, POINTE, MODERN, TAP, JAZZ, FLAMENCO, YOGA AND PILATES. YOUTH STUDENTS PERFORM IN AN ANNUAL ACADEMY PERFORMANCE, WITH MORE ADVANCED OPPORTUNITIES THROUGH PERFORMANCE ENSEMBLES AND, BY AUDITION, IN LARGE-CAST COMPANY PRODUCTIONS. INTENSIVE STUDY OPTIONS ARE AVAILABLE FOR EXCEPTIONALLY TALENTED STUDENTS, AND A TRAINEE PROGRAM FOR SENIOR HIGH SCHOOLERS AND HIGH SCHOOL GRADUATES PROVIDES ADVANCED TRAINING FOR A PROFESSIONAL CAREER. CONTINUED ON SCHEDULE OTHE ANNUAL SUMMER INTENSIVE OFFERS A FIVE-WEEK PROGRAM FOR LOCAL AND NATIONALLY AUDITIONED STUDENTS TO BUILD AND REFINE DANCE SKILLS, TRAINING WITH BALLETMET ARTISTS AND FACULTY. THE TRAINEE AND INTENSIVE PROGRAMS OFTEN IDENTIFY FUTURE BALLETMET DANCERS, AND A NUMBER OF TRAINEES HAVE GRADUATED TO DANCE WITH COMPANIES IN THE UNITED STATES AND ABROAD.

Program 3

Expenses: $388,333 Revenue: $486,481

EDUCATIONAL PROGRAMS CONSIST OF THE FOLLOWING:DANCE INSTRUCTION - ARTS, CULTURE & HUMANITIES - DANCE-IN-SCHOOLS PROGRAMS CONNECT STUDENTS, PROFESSIONAL AND TEACHING ARTISTS, AND CLASSROOM EDUCATORS THROUGH RESIDENCIES, LECTURE DEMONSTRATIONS, PROFESSIONAL DEVELOPMENT, AND PERFORMANCE-RELATED ACTIVITIES. IN-SCHOOL RESIDENCIES INTEGRATE OHIO DEPARTMENT OF EDUCATION (ODE) DANCE CONTENT STANDARDS. MOVING INTO LITERACY, DESIGNED FOR STUDENTS IN GRADES 1 - 3, FUSES DANCE AND ENGLISH LANGUAGE ARTS EDUCATION TO POSITIVELY IMPACT LITERACY AND CRITICAL THINKING. CONTINUED ON SCHEDULE OA SECOND RESIDENCY PROGRAM IS AN EARLY CHILDHOOD INITIATIVE THAT PREPARES PRESCHOOLERS FOR KINDERGARTEN BY INTEGRATING MOVEMENT WITH SOCIAL, EMOTIONAL AND LITERACY SKILLS. STUDENTS MAY ALSO VIEW A PERFORMANCE IN THEIR SCHOOL WITH NARRATION THAT EXPLAINS DANCE. WORKSHOPS PROVIDE TEACHER TRAINING THAT INTEGRATES ODE DANCE CONTENT STANDARDS WITH CURRICULUM STUDIES. MORNING AT THE BALLET IS A FULLY STAGED THEATRE PERFORMANCE BY BALLETMET THAT INTRODUCES STUDENTS TO DANCE AS A PERFORMING ART AND ENHANCES INTERDISCIPLINARY LEARNING WITH RELATED CLASSROOM RESOURCE MATERIALS.CULTURAL & ETHNIC AWARENESS - ARTS, CULTURE & HUMANITIES: COMMUNITY PROGRAMS - BALLETMET IS COMMITTED TO INVOLVING A BROAD SEGMENT OF THE CENTRAL OHIO COMMUNITY IN DANCE. UP TO 3,500 COMPLIMENTARY KIDTIX TICKETS AND PREPARATION MATERIALS ARE PROVIDED FOR UNDERSERVED GROUPS IDENTIFIED THROUGH YOUTH, SOCIAL SERVICE, AND FAITH-BASED AGENCIES.STUDENT FINANCIAL AID: EDUCATION - BALLETMET'S COMMUNITY OUTREACH SCHOLARSHIP PROGRAM WAS INITIATED IN 1987 WITH NET PROCEEDS FROM A COLUMBUS PRESENTATION OF DANCE THEATRE OF HARLEM. NOW NAMED THE DANCE ACADEMY SCHOLARSHIP PROGRAM, THIS OFFERING HAS BEEN EXPANDED AND REFINED TO SERVE A GREATER NUMBER OF STUDENTS. SCHOLARSHIPS PROVIDE DANCE ACADEMY TRAINING AND DANCE-RELATED ACTIVITIES TO DESERVING URBAN AND SUBURBAN YOUTH. UP TO 70 SCHOLARSHIPS ARE AWARDED ANNUALLY AND RANGE FROM FULL ANNUAL TUITION TO PARTIAL TUITION. SCHOLARSHIP ASSISTANCE IS AWARDED BY AUDITION, AND IS BASED ON TALENT AND FINANCIAL NEED. THE MAJORITY OF RECIPIENTS REPRESENT MINORITY OR UNDERSERVED POPULATIONS. FINANCIAL AID IS ALSO AVAILABLE FOR QUALIFIED STUDENTS.

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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 $3,852,526

Program Service Revenue $5,938,966

Investment Income $263,343

Other Revenue $11,329

TOTAL REVENUE $10,066,164

Expense Breakdown

Grants Paid $511,633

Salaries & Benefits $5,004,848

Fundraising Expenses $247,587

Program Expenses $7,660,340

Other Expenses $3,205,530

TOTAL EXPENSES $8,722,011

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,066,164	$9,860,862	+0.0%
Expenses	$8,722,011	$8,596,083	+0.0%
Net Income	$1,344,153	$1,264,779	+0.1%

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

200

Volunteers

200

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

$258,612

Total Directors