FORT WAYNE BALLET INC (EIN 356006394) - 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

1955

Legal Domicile

Principal Officer

JIM SPARROW

Phone

2604849646

Tax Period

2024-08-01 to 2025-07-31

FORT WAYNE BALLET INC, founded in 1955, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO FEED THE SPIRIT AND SPARK THE IMAGINATION THROUGH THE HIGHEST CALIBER PROFESSIONAL AND ACADEMY PERFORMANCES, DANCE TRAINING, AND COMMUNITY ENGAGEMENT.

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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 $473,286

Program Service Revenue $636,407

Investment Income $518,806

Other Revenue $48,626

TOTAL REVENUE $1,677,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,010,554

Fundraising Expenses $12,277

Program Expenses $1,264,682

Other Expenses $683,143

TOTAL EXPENSES $1,693,697

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,677,125	$1,502,438	+0.1%
Expenses	$1,693,697	$1,632,798	+0.0%
Net Income	$-16,572	$-130,360	-0.9%

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

220

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

$181,863

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN GIBBONS-BROWN	ARTISTIC DIR	40.00	Officer	$85,233	$7,796	$93,029
JIM SPARROW	EXECUTIVE DI	40.00	Officer	$80,992	$7,842	$88,834
DR JUDY ZACHER	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN WOJEWUCZKI	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KRISTINE LOGAN GIESCHEN	SECRETARY	1.00	Officer Director	$0	$0	$0
TRACI BOHDAN	TRUSTEE	1.00	Director	$0	$0	$0
ANN ESCOSA GRIFFIN	TRUSTEE	1.00	Director	$0	$0	$0
ANNE KARR	TRUSTEE	1.00	Director	$0	$0	$0
AMANDA KINNEMAN	TRUSTEE	1.00	Director	$0	$0	$0
CAROL LABOV	TRUSTEE	1.00	Director	$0	$0	$0
SHELBY LAMM	TRUSTEE	1.00	Director	$0	$0	$0
DAVID LUPKE	TRUSTEE	1.00	Director	$0	$0	$0
DAVID MCCOMB	TRUSTEE	1.00	Director	$0	$0	$0
MITCHELL MCKINNEY	TRUSTEE	1.00	Director	$0	$0	$0
ALISON MIYAUCHI	TRUSTEE	1.00	Director	$0	$0	$0
DON MOCKLER	TRUSTEE	1.00	Director	$0	$0	$0
VERONIQUE POUDRIER	TRUSTEE	1.00	Director	$0	$0	$0
MORRIE SANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
KIMBERLY WARD	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE WRIGHT	TRUSTEE	1.00	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
2025	$1,677,125	$1,693,697	$2,683,438	$-16,572
2024	$1,502,438	$1,632,798	$2,844,885	$-130,360
2023	$1,725,262	$1,432,477	$2,814,513	$292,785
2022	$1,784,779	$1,340,626	$2,459,907	$444,153
2021	$1,464,494	$1,275,238	$2,130,921	$189,256
2020	$1,192,685	$1,318,820	$1,875,945	$-126,135
2019	$1,328,286	$1,363,152	$1,866,041	$-34,866
2018	$1,146,336	$1,076,586	$1,864,496	$69,750

FORT WAYNE BALLET INC