SALT CREEK BALLET COMPANY

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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

1985

Legal Domicile

Principal Officer

LAUREN KAVANAUGH

Phone

6307691199

Tax Period

2024-07-01 to 2025-06-30

SALT CREEK BALLET COMPANY, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $851K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $784K left a modest 8% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE QUALITY TRAINING TO STUDENTS AT ALL LEVELS, TO BRING PROFESSIONAL DANCE PROGRAMMING TO AREA AUDIENCES, TO PROVIDE PERFORMING OPPORTUNITIES FOR AREA DANCERS, AND TO ENCOURAGE APPRECIATION OF DANCE IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $384,055 Revenue: $383,827

SCHOOL - THE SCHOOL OF THE SALT CREEK BALLET IS SELF-SUPPORTING AND CLASSICALLY ORIENTED WITH RICHLY DIVERSE OPPORTUNITIES FOR A WELL-ROUNDED DANCE EDUCATION. THE SCHOOL'S GOAL IS TO OFFER STUDENTS UNMATCHED EXCELLENCE AT ALL ABILITY, INTEREST AND AGE LEVELS FROM "SMALL STEPS" THROUGH THE VAGANOVA CIRRICULUM OF DANCE EDUCATION TO OUR TEEN/ADULT CLASSES.

Program 2

Expenses: $298,973 Revenue: $347,423

COMPANY - THE COMPANY OF THE SALT CREEK BALLET ATTRACTS NATIONALLY KNOWN GUEST ARTISTS AND CHOREOGRAPHERS WHO REGULARLY WORK WITH THE SALT CREEK BALLET STAFF TO PROVIDE DANCERS AND AUDIENCES ALIKE...

COMPANY - THE COMPANY OF THE SALT CREEK BALLET ATTRACTS NATIONALLY KNOWN GUEST ARTISTS AND CHOREOGRAPHERS WHO REGULARLY WORK WITH THE SALT CREEK BALLET STAFF TO PROVIDE DANCERS AND AUDIENCES ALIKE WITH A LEVEL OF PERFORMANCE USUALLY ASSOCIATED WITH TOP PROFESSIONAL COMPANIES. THE COMPANY PRESENTS THE NUTCRACKER IN THE WINTER AND SELECTIONS FROM MAJOR CLASSICAL WORKS IN THE SPRING.

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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 $118,216

Program Service Revenue $684,448

Investment Income $596

Other Revenue $47,526

TOTAL REVENUE $850,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $310,600

Fundraising Expenses $22,313

Program Expenses $683,028

Other Expenses $473,277

TOTAL EXPENSES $783,877

Year-over-Year Comparison

	2024	2023	Change
Revenue	$850,786	$767,437	+0.1%
Expenses	$783,877	$823,675	0.0%
Net Income	$66,909	$-56,238	-2.2%

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

$120,433

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAUREN S KAVANAUGH	PRESIDENT	5.00	Officer Director	$0	$0	$0
JUDITH SIPEK	SECRETARY	5.00	Officer Director	$0	$0	$0
OJ MAVON	DIRECTOR	1.00	Director	$0	$0	$0
JULIE MAYER	DIRECTOR	1.00	Director	$0	$0	$0
VERONICA NORMAN	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN SIEVERTSEN	TREASURER	5.00	Officer Director	$0	$0	$0
CHRISTINE SCHULTZ NEUMANN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN LANGENFELD	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA MANN	DIRECTOR	1.00	Director	$0	$0	$0
JULIA COSTELLO	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN SANTEFORT	DIRECTOR	1.00	Director	$0	$0	$0
JUHL PATTERSON	DIRECTOR	1.00	Director	$0	$0	$0
SHIRLEY CRUTCHFIELD	DIRECTOR	1.00	Director	$0	$0	$0
GILBERT KIRBY	EXECUTIVE DIRECTOR	40.00	Officer	$47,741	$0	$47,741
ERICA DE LA O	ARTISTIC DIRECTOR	20.00	Officer	$72,692	$0	$72,692

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	$850,786	$783,877	$124,633	$66,909
2024	$767,437	$823,675	$114,301	$-56,238
2023	$738,427	$802,772	$200,075	$-64,345
2022	$676,717	$846,941	$118,985	$-170,224
2021	$582,129	$601,235	$318,809	$-19,106
2020	$722,672	$818,229	$291,106	$-95,557
2019	$946,557	$954,051	$326,718	$-7,494
2018	$935,801	$1,052,645	$369,430	$-116,844