MANKATO BALLET COMPANY

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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

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.

Program Service Accomplishments

Program 1

Expenses: $483,687 Revenue: $462,384

BALLET TRAINING AND INSTRUCTION FOR APPROXIMATELY 200 STUDENTS. HELPED PROMOTE BALLET IN THE MANKATO COMMUNITY.

Program 2

Expenses: $68,892 Revenue: $130,953

THREE BALLET PERFORMANCES OPEN TO THE PUBLIC.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

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	$551,430	$520,910	$541,233	$30,520
2023	$550,856	$520,910	$541,233	$29,946
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