CONTINENTAL BALLET COMPANY

EIN: 411631397 501(c)(3)

Bloomington, MN

Total Revenue
$442,539
Total Expenses
$223,333
Total Assets
$315,623
Net Assets
$313,262
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
MN
Principal Officer
Genevieve Spooner
Phone
9525638561
Tax Period
2024-08-01 to 2025-07-31

CONTINENTAL BALLET COMPANY, founded in 1988, is a small nonprofit that reported $443K in total revenue in fiscal year 2024. Revenue surged 128% from the prior year, signaling strong growth momentum. The organization ran a surplus of $219K, a strong 50% operating margin.

Mission

Continental Ballet Company's mission is to enrich the community by advancing the art of classical ballet through professional performances, dancer development, and educational programs. Every effort is made to make the art of ballet accessible to a greater audience and to share knowledge and passion for the art of classical ballet

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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 $297,828
Program Service Revenue $144,711
Investment Income $0
Other Revenue $0
TOTAL REVENUE $442,539

Expense Breakdown

Grants Paid $0
Salaries & Benefits $60,588
Fundraising Expenses $7,372
Program Expenses $189,832
Other Expenses $162,745
TOTAL EXPENSES $223,333

Year-over-Year Comparison

2024 2023 Change
Revenue $442,539 $193,889 +1.3%
Expenses $223,333 $192,910 +0.2%
Net Income $219,206 $979 +222.9%
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

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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
9
Independent Members
9
Employees
5
Volunteers
30

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
5
$44,494
Total Directors
6
$0
Key Employees
2
$44,494
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Riet Velthuisen Exec Director/CEO 40
Officer Key Emp Highest
$39,234 $0 $39,234
Genevieve Spooner Treasurer 15
Officer Key Emp
$5,260 $0 $5,260
Kim Kirby Board Member 2
Director
$0 $0 $0
Heather Shafland President 2
Officer Director
$0 $0 $0
Molly Wyss Secretary 2
Officer Director
$0 $0 $0
Mary Vasaly Board Member 2
Director
$0 $0 $0
Anne Burns Vice President 2
Officer Director
$0 $0 $0
Beth VanHoever Board Member 2
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 $442,539 $223,333 $315,623 $219,206
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