MILWAUKEE BALLET COMPANY INC (EIN 391134735) - 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

1970

Legal Domicile

Principal Officer

TAI PAULS

Phone

4146437677

Tax Period

2022-08-01 to 2023-07-31

MILWAUKEE BALLET COMPANY INC, founded in 1970, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $15.3M in total revenue in fiscal year 2022. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.9M, a strong 51% operating margin.

Mission

INSPIRING PERFORMANCE, COMMUNITY ENGAGEMENT, EDUCATION & TRAINING.

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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 $10,729,623

Program Service Revenue $4,390,913

Investment Income $104,785

Other Revenue $24,738

TOTAL REVENUE $15,250,059

Expense Breakdown

Grants Paid $189,658

Salaries & Benefits $4,004,406

Fundraising Expenses $232,769

Program Expenses $6,468,456

Other Expenses $3,202,740

TOTAL EXPENSES $7,396,804

Year-over-Year Comparison

	2022	2021	Change
Revenue	$15,250,059	$9,458,599	+0.6%
Expenses	$7,396,804	$6,760,746	+0.1%
Net Income	$7,853,255	$2,697,853	+1.9%

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

163

Volunteers

190

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

$208,553

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAN PIROZZOLO-MELLOWES	IMMEDIATE PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRISTINE IRGENS	CHAIR ELECT, TREASURER, FIN. CHAIR	1.00	Officer Director	$0	$0	$0
SARAH THOMAS PAGELS	SECRETARY	1.00	Officer Director	$0	$0	$0
CHERYL CARRON	BOARD CHAIRMAN & PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTOPHER PIOTROWSKI	TREAS. & FIN. CHAIR (THRU 01/2023)	1.00	Officer Director	$0	$0	$0
AMY SCHMIDT JONES	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN MORTARA	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER ABELE	DIRECTOR (THRU 06/2023)	1.00	Director	$0	$0	$0
DONNA BAUMGARTNER	DIRECTOR	1.00	Director	$0	$0	$0
JANE BELL	DIRECTOR	1.00	Director	$0	$0	$0
MARY CHUY	DIRECTOR (THRU 06/2023)	1.00	Director	$0	$0	$0
SARAH DAMSGAARD	DIRECTOR	1.00	Director	$0	$0	$0
SARAH KIMBALL	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE MARTENS MD	DIRECTOR	1.00	Director	$0	$0	$0
KELLY NOYES	DIRECTOR	1.00	Director	$0	$0	$0
NEIL RIEGELMAN	DIRECTOR	1.00	Director	$0	$0	$0
JILL PELISEK	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM RAASCH MD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN RUMPF	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY SCHWEIGER	DIRECTOR (THRU 08/2022)	1.00	Director	$0	$0	$0
DENISE THOMAS	DIRECTOR (THRU 06/2023)	1.00	Director	$0	$0	$0
LINDA WADE	DIRECTOR (THRU 06/2023)	1.00	Director	$0	$0	$0
SANDRA DEMPSEY	DIRECTOR (THRU 01/2023)	1.00	Director	$0	$0	$0
TAI PAULS	MANAGING DIRECTOR	40.00	Officer	$118,412	$3,460	$121,872
MARY RASK	FINANCE DIRECTOR	40.00	Officer	$81,432	$5,249	$86,681
MICHAEL PINK	ARTISTIC DIRECTOR	40.00	Highest	$194,923	$20,184	$215,107

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
2024	No data	No data	No data	No data
2023	$15,250,059	$7,396,804	$34,700,984	$7,853,255
2022	$9,458,599	$6,760,746	$26,280,573	$2,697,853
2021	$9,509,750	$4,696,507	$25,923,047	$4,813,243
2020	$6,965,277	$7,230,764	$24,713,474	$-265,487
2019	$14,038,500	$7,114,057	$25,661,891	$6,924,443
2018	$13,238,137	$6,847,584	$13,153,287	$6,390,553

MILWAUKEE BALLET COMPANY INC