MANKATO BALLET COMPANY

EIN: 411496909 501(c)(3)

MANKATO, MN

Total Revenue
$701,270
Total Expenses
$725,108
Total Assets
$565,778
Net Assets
$539,536
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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
1987
Legal Domicile
MN
Principal Officer
NICKI SANDMANN
Phone
5076257716
Tax Period
2024-09-01 to 2025-08-31

MANKATO BALLET COMPANY, founded in 1987, is a small nonprofit that reported $701K in total revenue in fiscal year 2024.

Mission

TO PROMOTE BALLET IN THE MANKATO COMMUNITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $67,445
Program Service Revenue $593,337
Investment Income $8,920
Other Revenue $31,568
TOTAL REVENUE $701,270

Expense Breakdown

Grants Paid $0
Salaries & Benefits $347,129
Fundraising Expenses $0
Program Expenses $552,579
Other Expenses $377,979
TOTAL EXPENSES $725,108

Year-over-Year Comparison

2024 2023 Change
Revenue $701,270 $679,485 +0.0%
Expenses $725,108 $644,531 +0.1%
Net Income $-23,838 $34,954 -1.7%
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

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Governance

Voting Members
10
Independent Members
10
Employees
38
Volunteers
125

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SANDRA ASKER President 5.00
Officer Director
$0 $0 $0
SANG VO Vice President 5.00
Officer Director
$0 $0 $0
NICKI SANDMANN Treasurer 5.00
Officer Director
$0 $0 $0
SIRI ERICKSON Secretary 5.00
Officer Director
$0 $0 $0
CJ WACHHOLZ Director 1.00
Director
$0 $0 $0
DALE O'DELL JR Director 1.00
Director
$0 $0 $0
JACKIE STARK Director 1.00
Director
$0 $0 $0
WES BREUER Director 1.00
Director
$0 $0 $0
COLLEE KOLBINGER Director 1.00
Director
$0 $0 $0
ALISON TROLDAHL 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
2025 $701,270 $725,108 $565,778 $-23,838
2024 $679,485 $644,531 $584,214 $34,954
2023 $550,856 $520,910 $541,233 $29,946
2023 $551,430 $520,910 $541,233 $30,520
2022 $696,792 $590,676 $516,344 $106,116
2022 $775,297 $590,676 $516,344 $184,621
2021 $492,042 $427,781 $373,599 $64,261
2020 $420,448 $352,054 $322,932 $68,394
2019 $390,996 $342,891 $277,877 $48,105
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