INDIANAPOLIS BALLET INC (EIN 342066059) - 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

2006

Legal Domicile

Principal Officer

DON STEFFY

Phone

3179557525

Tax Period

2023-08-01 to 2024-07-31

INDIANAPOLIS BALLET INC, founded in 2006, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $428K, a strong 16% operating margin.

Mission

INDIANAPOLIS BALLET EMBRACES THE HISTORY AND FUTURE OF CLASSICAL BALLET THROUGH DYNAMIC PERFORMANCES, VISIONARY NEW WORKS, EXTRAORDINARY TRAINING, AND BY PROVIDING TRANSFORMATIVE COMMUNITY OUTREACH PROGRAMS TO THE WIDEST POSSIBLE AUDIENCES. INDIANAPOLIS BALLET (IB) AND THE INDIANAPOLIS SCHOOL OF BALLET (ISB) BELIEVE IN A CULTURALLY DIVERSE ENVIRONMENT AND THE PHYSICAL, INTELLECTUAL, EMOTIONAL, AND ARTISTIC GROWTH OF ALL DANCERS.

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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 $1,408,049

Program Service Revenue $1,080,840

Investment Income $128,063

Other Revenue $41,846

TOTAL REVENUE $2,658,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,289,979

Fundraising Expenses $146,843

Program Expenses $1,692,433

Other Expenses $940,652

TOTAL EXPENSES $2,230,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,658,798	$1,561,277	+0.7%
Expenses	$2,230,631	$1,789,529	+0.2%
Net Income	$428,167	$-228,252	-2.9%

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

135

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
DANIEL PULLIAM	PRESIDENT	2.00	Officer Director	$0	$0	$0
WILLIAM FR BRISCOE	MEMBER	2.00	Director	$0	$0	$0
BOB BERBECO	MEMBER	2.00	Director	$0	$0	$0
JENNIE DEEM	MEMBER	2.00	Director	$0	$0	$0
DR MARY K BECKWITH	MEMBER	2.00	Director	$0	$0	$0
AMY KOTZBAUER	SECRETARY	2.00	Officer Director	$0	$0	$0
TONY JAVORKA CPA	TREASURER	2.00	Officer Director	$0	$0	$0
ASHANTI MURDOCK-ASH	MEMBER	2.00	Director	$0	$0	$0
JACKIE NYTES	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT EINTERZ	MEMBER	2.00	Director	$0	$0	$0
MELINDA EMERY	MEMBER	2.00	Director	$0	$0	$0
JAMIE GIBBS	MEMBER	2.00	Director	$0	$0	$0
REGINA JONES	MEMBER	2.00	Director	$0	$0	$0
REBECCA LOMAX	MEMBER	2.00	Director	$0	$0	$0
FERNANDO SERPA	MEMBER	2.00	Director	$0	$0	$0
BRITT SUTTON	MEMBER	2.00	Director	$0	$0	$0
KRYSTIN WIGGS	MEMBER	2.00	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
2024	$2,629,053	$2,139,384	$3,767,180	$489,669
2024	$2,658,798	$2,230,631	$3,873,769	$428,167
2023	$1,561,277	$1,789,529	$3,201,892	$-228,252
2022	$3,101,810	$1,381,934	$2,859,547	$1,719,876
2021	$1,204,088	$1,215,117	$1,043,512	$-11,029
2020	$1,716,935	$1,443,562	$1,193,379	$273,373
2019	$1,392,956	$1,536,004	$763,924	$-143,048
2018	$1,625,529	$1,166,276	$921,770	$459,253

INDIANAPOLIS BALLET INC