OHIO CONTEMPORARY BALLET

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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

1987

Legal Domicile

Principal Officer

MARGARET A CARLSON

Phone

2163973757

Tax Period

2024-07-01 to 2025-06-30

OHIO CONTEMPORARY BALLET, founded in 1987, is a small nonprofit that reported $779K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $727K left a modest 7% surplus.

Mission

OCB IGNITES AUDIENCE PASSION AND PARTICIPATION IN CONTEMPORARY DANCE THROUGH PERFORMANCE, OUTREACH PROGRAMS AND COMMUNITY ENGAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $600,837

EDUCATION/COMMUNITY OUTREACH GOALS 1.PRESENTING FREE AND LOW-COST PUBLIC PERFORMANCES FOR WHICH WE ARE KNOWN INCLUDING EVENTS AT ARTS IN AUGUST WITH TREMONT NEIGHBORHOOD DEVELOPMENT CORP, DANCE...

EDUCATION/COMMUNITY OUTREACH GOALS 1.PRESENTING FREE AND LOW-COST PUBLIC PERFORMANCES FOR WHICH WE ARE KNOWN INCLUDING EVENTS AT ARTS IN AUGUST WITH TREMONT NEIGHBORHOOD DEVELOPMENT CORP, DANCE SHOWCASE, FRESH INVENTIONS, AND OUR ANNUAL CAIN PARK AMPHITHEATER PERFORMANCE 2.PROVIDING MORE DIVERSE CLASS OFFERINGS FOR STUDENTS. 3.CREATING AND DEVELOPING RELATIONSHIPS WITH LOCAL DANCE ARTISTS AND DANCE ORGANIZATIONS. OBJECTIVES 1.WE CAN REACH AN AUDIENCE OF AT LEAST 25,000 PEOPLE ACROSS ALL OF OUR PERFORMANCES AND OUTREACH PROGRAMS. 2.WE WILL PROVIDE 4 OPEN MASTERCLASSES DURING THE YEAR FOR THE PUBLIC. 3.A COMMUNITY PARTNER IS FOUND FOR "THE LITTLE NUTCRACKER" PROGRAMMING

Program 2

ARTISTIC GOALS 1.IN THE SUMMER, CHOREOGRAPHER NICHOLAS ROSE WILL BE COMMISSIONED FOR A NEW SUMMER WORK AND A CUBAN VERSION OF CARMEN MOUNTED FOR SUMMER PERFORMANCES. 2.PRESENT A NEW PROGRAM FOR FALL PROGRAMMING. OBJECTIVES 1.COMMISSION WORKS FROM AT LEAST FOUR CHOREOGRAPHERS, FOCUSING ON COMMISSIONING AT LEAST TWO ARTISTS OF COLOR. 2.CONTINUE SUCCESSFUL PROGRAMS WHILE CREATING NEW ARTISTIC PROGRAMMING THAT LEVERAGES OUR STUDIO SPACE AND INCREASING OPPORTUNITY FOR MORE EARNED INCOME.

Program 3

ORGANIZATIONAL GOALS 1.THE PRODUCING ARTISTIC DIRECTOR POSITION WILL BE SPLIT INTO AN ARTISTIC DIRECTOR AND EXECUTIVE DIRECTOR POSITION. 2.INCREASE THE ORGANIZATIONAL BUDGET TO 1,000,000 WITHIN THE NEXT 5 YEARS. TO DO THIS, WE WILL BE INCREASING THE NUMBER OF GRANTS FOR WHICH WE WILL BE APPLYING TO INCLUDE MORE NATIONAL AND REGIONAL GRANTS AND SEARCHING FOR PROJECT FOCUSED GRANTS THAT ALIGN WITH OUR PROGRAMMING. 3.INCREASE THE NUMBER OF STUDENTS IN OUR EDUCATION DEPARTMENT (OUR DANCE FOR EVERYONE AND NEWLY RE-DESIGNED YOUTH ACADEMY. 4.BRING AWARENESS OF THE ORGANIZATION AND THE WORK THAT WE DO THROUGH OUR MARKETING EFFORTS. OBJECTIVES 1.HAVE A LIST OF CANDIDATES FOR THE NEW EXECUTIVE DIRECTOR POSITION 2.APPLY TO AT LEAST 10 ADDITIONAL GRANTS DURING THE YEAR. 3.INCREASING ENROLLMENT IN OUR DANCE FOR EVERYONE AND YOUTH ACADEMY BY 15 PERCENT, THEREBY INCREASING OUR EARNED REVENUE 4.A NEW LEVEL OF BRAND AWARENESS. SEEING INCREASED TRAFFIC AND INTERACTIONS ON OUR WEBSITE AND SOCIAL MEDIA ACCOUNTS.

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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 $493,535

Program Service Revenue $221,467

Investment Income $77

Other Revenue $64,085

TOTAL REVENUE $779,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $363,974

Fundraising Expenses $51,880

Program Expenses $600,837

Other Expenses $363,490

TOTAL EXPENSES $727,464

Year-over-Year Comparison

	2024	2023	Change
Revenue	$779,164	$642,371	+0.2%
Expenses	$727,464	$677,949	+0.1%
Net Income	$51,700	$-35,578	-2.5%

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

$48,000

Total Directors