MADISON BALLET INC

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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

1981

Legal Domicile

Principal Officer

JACKIE RAMIN

Phone

6082787990

Tax Period

2024-09-01 to 2025-08-31

MADISON BALLET INC, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024.

Mission

THE MISSION OF MADISON BALLET IS TO PROMOTE APPRECIATION OF AND ACCESS TO BALLET BY PROVIDING TRAINING AND PERFORMING OPPORTUNITIES THROUGH PROFESSIONALLY PRODUCED PRODUCTIONS AND EDUCATIONAL INITIATIVES. THIS IS ACCOMPLISHED THROUGH 3 PILLARS OF COMPANY/PERFORMANCES, THE SCHOOL OF MADISON BALLET, AND OUTREACH.

Program Service Accomplishments

Program 1

Expenses: $671,157 Revenue: $917,540

COMPANY/PERFORMANCES - YOUNG DANCERS AND PROFESSIONALS ALIKE GAIN INVALUABLE EXPERIENCES THROUGH MADISON BALLET'S CRITICALLY ACCLAIMED PERFORMANCES. FROM THE BELOVED TRADITION OF "THE NUTCRACKER" TO THE STUNNING INNOVATION OF CONTEMPORARY WORKS, THERE IS SOMETHING TO INSPIRE AND DELIGHT EVERY AUDIENCE.

Program 2

Expenses: $115,122 Revenue: $185,601

SCHOOL OF MADISON BALLET - ONE OF THE MOST HIGHLY RESPECTED AND AFFORDABLE DANCE SCHOOLS IN THE MIDWEST, SCHOOL OF MADISON BALLET CLASSES RANGE FROM EARLY CHILDHOOD TO AUDLT AND RECREATIONAL TO...

SCHOOL OF MADISON BALLET - ONE OF THE MOST HIGHLY RESPECTED AND AFFORDABLE DANCE SCHOOLS IN THE MIDWEST, SCHOOL OF MADISON BALLET CLASSES RANGE FROM EARLY CHILDHOOD TO AUDLT AND RECREATIONAL TO PRE-PROFESSIONAL. GAINING THE CONFIDENCE, DISCIPLINE, AND FUNDAMENTAL LIFE SKILLS INHERET IN THE STUDY OF CLASSICAL BALLET, SMB PROVIDES UNPRECEDENTED OPPORTUNITY TO DANCES IN ALL STAGES OF LIFE AND CAREER.

Program 3

Expenses: $274,968 Revenue: $15,340

OUTREACH - MADISON BALLET USES THE POWER OF DANCE TO DEVELOP A STRONGER, MORE EMPOWERED MADISON, THROUGH FLUID, APPROACHABLE, AND RELEVANT EDUCATIONAL PROGRAMS FOR OUR COMMUNITY AND ITS...

OUTREACH - MADISON BALLET USES THE POWER OF DANCE TO DEVELOP A STRONGER, MORE EMPOWERED MADISON, THROUGH FLUID, APPROACHABLE, AND RELEVANT EDUCATIONAL PROGRAMS FOR OUR COMMUNITY AND ITS ORGANIZATIONS. OUTREACH PROGRAMS ARE TARGETED TO BRIDGE GAPS IN ACCESS TO HIGH-QUALITY ARTS EDUCATION, UNITING A DIVERSE POPULATION THROUGH THE ARTS.

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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 $270,068

Program Service Revenue $1,087,496

Investment Income $3,737

Other Revenue $30,985

TOTAL REVENUE $1,392,286

Expense Breakdown

Grants Paid $1,809

Salaries & Benefits $622,042

Fundraising Expenses $33,705

Program Expenses $1,061,247

Other Expenses $880,492

TOTAL EXPENSES $1,504,343

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,392,286	$1,319,356	+0.1%
Expenses	$1,504,343	$1,590,851	-0.1%
Net Income	$-112,057	$-271,495	-0.6%

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

117

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

$100,840

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACKIE RAMIN	PRESIDENT	4.00	Officer Director	$0	$0	$0
CORKEY CUSTER	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
MATTHEW ULRICH	TREASURER	3.00	Officer Director	$0	$0	$0
DAVID HUGHES	MEMBER	1.00	Director	$0	$0	$0
SUSAN SCHMITZ	MEMBER	1.00	Director	$0	$0	$0
JILL JOKELA	MEMBER	1.00	Director	$0	$0	$0
LINDA BREI	MEMBER	0.50	Director	$0	$0	$0
ONOTSE IKHARO	MEMBER	0.00	Director	$0	$0	$0
JAKEE MALIK PYLES	INTERM EXECUTIVE DIRECTOR	40.00	Officer	$93,546	$7,294	$100,840

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	$1,392,286	$1,504,343	$1,401,236	$-112,057
2024	$1,319,356	$1,590,851	$1,550,267	$-271,495
2023	$1,157,927	$1,531,063	$1,891,606	$-373,136
2022	$1,598,503	$1,526,394	$1,189,765	$72,109
2021	$1,057,651	$535,026	$2,499,145	$522,625
2020	$967,497	$1,049,330	$1,604,172	$-81,833
2019	$1,633,815	$1,033,318	$1,460,433	$600,497
2018	$1,092,597	$1,052,001	$1,095,495	$40,596