BALLET CHELSEA (EIN 383260579) - 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

1995

Legal Domicile

Principal Officer

JOHN SHEA

Phone

7344753070

Tax Period

2024-05-01 to 2025-04-30

BALLET CHELSEA, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $622K in total revenue in fiscal year 2024.

Mission

BALLET CHELSEA SEEKS TO PROVIDE PROFESSIONAL CALIBER DANCE TRAINING THROUGH MASTER CLASSES, PERFORMANCE OPPORTUNITIES, AND ENRICHMENT TO YOUNG DANCE STUDENTS, THEREBY HELPING NURTURE STRONG MINDS AND HEALTHY BODIES IN AN ARTISTIC ENVIRONMENT

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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 $175,873

Program Service Revenue $445,095

Investment Income $607

Other Revenue $0

TOTAL REVENUE $621,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $376,867

Fundraising Expenses $10,573

Program Expenses $539,696

Other Expenses $254,865

TOTAL EXPENSES $631,732

Year-over-Year Comparison

	2024	2023	Change
Revenue	$621,575	$606,305	+0.0%
Expenses	$631,732	$677,338	-0.1%
Net Income	$-10,157	$-71,033	-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

N/A

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
JAMIE ADKINS	SECRETARY	1.00	Officer Director	$0	$0	$0
KORRY CHAVEY	DIRECTOR	1.00	Director	$0	$0	$0
ESZTER CUKOR	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE MILLS	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN SHEA	PRESIDENT	1.00	Officer Director	$0	$0	$0
JANE THOMSPON	VICE PRESIDE	5.00	Officer	$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	$621,575	$631,732	$347,407	$-10,157
2024	$606,305	$677,338	$357,564	$-71,033
2023	$620,514	$579,392	$445,181	$41,122
2022	$464,445	$526,415	$415,790	$-61,970
2021	$398,083	$406,355	$507,328	$-8,272
2020	$520,862	$551,751	$332,687	$-30,889
2019	$579,627	$517,949	$309,813	$61,678

BALLET CHELSEA