THE JOFFREY 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

1995

Legal Domicile

Principal Officer

GREG CAMERON

Phone

3127390120

Tax Period

2022-07-01 to 2023-06-30

THE JOFFREY BALLET, founded in 1995, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $26.5M in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year.

Mission

THE JOFFREY IS A WORLD-CLASS, CHICAGO-BASED BALLET COMPANY AND DANCE EDUCATION ORGANIZATION COMMITTED TO ARTISTIC EXCELLENCE AND INNOVATION, PRESENTING A UNIQUE REPERTOIRE ENCOMPASSING MASTERPIECES OF THE PAST AND CUTTING-EDGE WORKS. THE JOFFREY IS COMMITTED TO PROVIDING ARTS EDUCATION AND ACCESSIBLE DANCE TRAINING THROUGH ITS JOFFREY ACADEMY OF DANCE AND COMMUNITY ENGAGEMENT PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $17,738,519 Revenue: $10,813,724

DURING THE 2022-2023 SEASON, THE COMPANY PRESENTED FOUR PROGRAMS: BEYOND BORDERS (10 PERFORMANCES; 8,911 ATTENDEES), THE NUTCRACKER (27 PERFORMANCES INCLUDING 2 STUDENT MATINEE PERFORMANCES; 54,355 ATTENDEES), ANNA KARENINA (10 PERFORMANCES; 19,501 ATTENDEES), AND THE LITTLE MERMAID (10 PERFORMANCES; 18,718 ATTENDEES). TOTAL ATTENDANCE 101,485. THE JOFFREY ALSO TOURED TO MINNEAPOLIS, MINNESOTA AND WASHINGTON, DC.

Program 2

Expenses: $3,515,978 Revenue: $2,743,718

THE ACADEMY IS COMMITTED TO PROVIDING A WORLD-CLASS EDUCATION BUILT ON A FOUNDATION OF CLASSICAL BALLET TO STUDENTS OF ALL AGES, LEVELS AND BACKGROUNDS. WITH THE TALENTS CULTIVATED AT THE ACADEMY...

THE ACADEMY IS COMMITTED TO PROVIDING A WORLD-CLASS EDUCATION BUILT ON A FOUNDATION OF CLASSICAL BALLET TO STUDENTS OF ALL AGES, LEVELS AND BACKGROUNDS. WITH THE TALENTS CULTIVATED AT THE ACADEMY, STUDENTS CAN PURSUE CAREERS AS PROFESSIONAL DANCERS AT COMPANIES THROUGHOUT THE WORLD, HIGHER EDUCATION OPPORTUNITIES IN DANCE. THROUGH THE ACADEMY'S PROGRAMS, STUDENTS DEVELOP A DIVERSE SET OF SKILLS INCLUDING ARTISTRY, CREATIVITY, DISCIPLINE AND CONFIDENCE, AMONG OTHERS. THE ACADEMY AND COMMUNITY ENGAGEMENT PROGRAMS PROVIDE HIGH-QUALITY, EDUCATIONAL TRAINING WHICH FORM FUTURE AUDIENCES AND BUILD THE ORGANIZATION'S REPUTATION WORLDWIDE. AROUND 3,681 STUDENTS PARTICIPATED IN THE JOFFREY ACADEMY'S PROGRAMS.

Program 3

Expenses: $1,152,805 Revenue: $458,427

THE PRIMARY GOAL OF THE COMMUNITY ENGAGEMENT PROGRAM IS TO PROVIDE STUDENTS IN ALL GRADE LEVELS WITH A HIGHLY STRUCTURED DANCE EXPERIENCE WHERE THEY WILL DEVELOP LIFE SKILLS ARTICULATED BY ILLINOIS STATE BOARD OF EDUCATION'S SOCIAL EMOTIONAL LEARNING (SEL) STANDARDS SUCH AS SELF-DISCIPLINE, RESPECT, AND CONFIDENCE THROUGH THE STUDY OF VARIOUS FORMS OF DANCE. IN ADDITION, THESE PROGRAMS HELP BUILD A STRONG DANCE FOUNDATION BY FOCUSING ON CORRECT POSTURE, PLACEMENT, COORDINATION, STRENGTH, FLEXIBILITY AND MUSICALITY. BY PROVIDING THIS SERVICE TO THE YOUTH, WE HOPE TO INCREASE THE LEVEL OF AWARENESS OF THIS ART FORM, AND INSTILL LIFE SKILLS THAT LAST LONG AFTER PROGRAMS END. THE COMMUNITY ENGAGEMENT PROGRAM SERVED 1,415 STUDENTS IN 29 SCHOOLS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $12,692,985

Program Service Revenue $14,015,869

Investment Income $9,478

Other Revenue $-215,605

TOTAL REVENUE $26,502,727

Expense Breakdown

Grants Paid $836,260

Salaries & Benefits $11,462,532

Fundraising Expenses $1,758,988

Program Expenses $22,407,302

Other Expenses $14,033,753

TOTAL EXPENSES $26,332,545

Year-over-Year Comparison

	2022	2021	Change
Revenue	$26,502,727	$28,659,999	-0.1%
Expenses	$26,332,545	$21,254,158	+0.2%
Net Income	$170,182	$7,405,841	-1.0%

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

188

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

$1,474,363

Total Directors