BALLET WESTERN RESERVE (EIN 341282499) - 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

1962

Legal Domicile

Principal Officer

KIM RIDDLE

Phone

3307441934

Tax Period

2023-07-01 to 2024-06-30

BALLET WESTERN RESERVE, founded in 1962, is a small nonprofit in the Arts, Culture & Humanities sector that reported $287K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $342K exceeded revenue, resulting in a 19% operating deficit.

Mission

BALLET WESTERN RESERVE PROVIDES EXCELLENCE IN DANCE INSTRUCTION, WHICH ENLIGHTENS, ENTERTAINS, AND INSPIRES PASSION AND JOY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $76,001

Program Service Revenue $195,414

Investment Income $18

Other Revenue $15,310

TOTAL REVENUE $286,743

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,025

Fundraising Expenses $0

Program Expenses $322,861

Other Expenses $232,202

TOTAL EXPENSES $342,227

Year-over-Year Comparison

	2023	2022	Change
Revenue	$286,743	$245,301	+0.2%
Expenses	$342,227	$257,766	+0.3%
Net Income	$-55,484	$-12,465	+3.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNA AEY	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
BONNIE BURDMAN	SECRETARY	N/A	Officer Director	$0	$0	$0
GINA GETSY	TREASURER	N/A	Officer Director	$0	$0	$0
KIM HVIZDOS	TRUSTEE	N/A	Director	$0	$0	$0
KEVIN KRALJ	TRUSTEE	N/A	Director	$0	$0	$0
CANDICE LAROCCA	TRUSTEE	N/A	Director	$0	$0	$0
DOROTHY MACKLIN	TRUSTEE	N/A	Director	$0	$0	$0
KATIE MERRILL	TRUSTEE	N/A	Director	$0	$0	$0
TRICIA PERRY	TRUSTEE	N/A	Director	$0	$0	$0
KIM RIDDLE	PRESIDENT	N/A	Officer Director	$0	$0	$0
SHAWN THEISS	TRUSTEE	N/A	Director	$0	$0	$0
LEAH WILSON	VICE PRESIDE	N/A	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	No data	No data	No data	No data
2024	$286,743	$342,227	$263,322	$-55,484
2023	$245,301	$257,766	$328,185	$-12,465
2022	$285,341	$387,247	$352,458	$-101,906
2021	$284,320	$320,173	$461,702	$-35,853
2020	$294,778	$256,091	$371,488	$38,687
2019	$315,953	$266,041	$317,534	$49,912
2018	$237,384	$255,731	$284,276	$-18,347

BALLET WESTERN RESERVE