BALLET MINNESOTA (EIN 411703583) - 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

1991

Legal Domicile

Principal Officer

KAYLA PETERSON-MYHRAN

Phone

6123643011

Tax Period

2023-09-01 to 2024-08-31

BALLET MINNESOTA, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $145K in total revenue in fiscal year 2023. Expenses of $129K left a modest 11% surplus.

Mission

TO ENRICH LIVES BY CREATING & SHARING ARTISTRY IN DANCE THROUGH PUBLIC PRESENTATIONS & EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $29,188

Program Service Revenue $116,026

Investment Income $0

Other Revenue $0

TOTAL REVENUE $145,214

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,600

Fundraising Expenses $3,061

Program Expenses $110,362

Other Expenses $119,657

TOTAL EXPENSES $129,257

Year-over-Year Comparison

	2023	2022	Change
Revenue	$145,214	$137,066	+0.1%
Expenses	$129,257	$180,819	-0.3%
Net Income	$15,957	$-43,753	-1.4%

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

N/A

Volunteers

240

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

$3,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA BETZ	PRESIDENT	2.25	Officer Director	$0	$0	$0
JULIA LAUWAGIE	PRESIDENT (THROUGH JUNE)	2.25	Officer Director	$0	$0	$0
LAURIE PARKER	VICE PRESIDENT	2.25	Officer Director	$0	$0	$0
MARC KOTSONAS	TREASURER	3.00	Officer Director	$0	$0	$0
BETH KOCKELMAN	SECRETARY	2.25	Officer Director	$0	$0	$0
JULIA JOSEPH	DIRECTOR	2.25	Director	$0	$0	$0
LIZZY BEGHELLI	DIRECTOR	2.00	Director	$0	$0	$0
JOANNA BARTON	DIRECTOR	2.00	Director	$0	$0	$0
MARY ALICE JANKOWSKI	DIRECTOR	2.00	Director	$0	$0	$0
EMILY TONG-LAKATOS	DIRECTOR	2.00	Director	$0	$0	$0
HAN LANGE	DIRECTOR	2.00	Director	$0	$0	$0
BRIE MEYER	DIRECTOR	2.00	Director	$0	$0	$0
JARRED SAMPSON	DIRECTOR	2.00	Director	$0	$0	$0
TAYLOR HUBER	EXECUTIVE DIRECTOR (THROUGH JUNE)	30.00	Officer	$3,600	$0	$3,600
KAYLA PETERSON-MYHRAN	EXECUTIVE DIRECTOR	30.00	Officer	$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
2024	$145,214	$129,257	$25,027	$15,957
2023	$137,066	$181,457	$8,373	$-44,391
2022	$155,668	$179,782	$47,010	$-24,114
2021	$109,703	$58,705	$69,621	$50,998
2020	$152,855	$159,475	$18,063	$-6,620
2019	$196,771	$176,122	$26,078	$20,649

BALLET MINNESOTA