Springfield Ballet Company (EIN 370867979) - 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

1971

Legal Domicile

Principal Officer

Julie Pittman McDonough

Phone

2175441967

Tax Period

2021-07-01 to 2022-06-30

Springfield Ballet Company, founded in 1971, is a small nonprofit that reported $218K in total revenue in fiscal year 2021. Expenses of $389K exceeded revenue, resulting in a 79% operating deficit.

Mission

The Springfied Ballet Company provides dance education and performances to enrich our community through the beauty, energy and diversity of dance.

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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 (2021)

Revenue Breakdown

Contributions & Grants $110,128

Program Service Revenue $97,717

Investment Income $10,002

Other Revenue $0

TOTAL REVENUE $217,847

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,337

Fundraising Expenses $0

Program Expenses $296,343

Other Expenses $284,691

TOTAL EXPENSES $389,028

Year-over-Year Comparison

	2021	2020	Change
Revenue	$217,847	$222,694	0.0%
Expenses	$389,028	$207,446	+0.9%
Net Income	$-171,181	$15,248	-12.2%

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

200

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
Callie Carter	President	1.00	Officer Director	$0	$0	$0
Gail Rister	Vice President	1.00	Officer Director	$0	$0	$0
Erica Filipiak	Secretary	1.00	Officer Director	$0	$0	$0
Julie Pittman McDonough	Treasurer	1.00	Officer Director	$0	$0	$0
Rachel Burdick	Director	1.00	Director	$0	$0	$0
Sarah Henkle	Director	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
2022	$217,847	$389,028	$326,789	$-171,181
2021	$222,694	$207,446	$546,695	$15,248
2020	$267,379	$277,738	$476,256	$-10,359
2019	$354,100	$298,249	$466,236	$55,851
2018	$302,251	$283,400	$404,564	$18,851

Springfield Ballet Company