BALLET MINNESOTA

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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

BALLET MINNESOTA'S MISSION IS TO ENRICH THE LIVES BY CREATING AND SHARING THE ARTISTRY IN DANCE THROUGH PUBLIC PRESENTATIONS AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $93,175 Revenue: $99,974

THE CLASSIC NUTCRACKER BALLET: A HOLIDAY TRADITION FOR ALL AGES, THE 36TH NUTCRACKER STAGED FOUR PERFORMANCES AT THE O'SHAUGHNESSY AUDITORIUM AT SAINT CATHERINE'S UNIVERSITY. THE PRODUCTION HELD ONE SCHOOL AND COMMUNITY GROUP PERFORMANCE, WHERE THERE WERE 1,400 ATTENDEES FROM A VARIETY OF SCHOOLS AND COMMUNITY GROUPS FROM ALL OVER THE TWIN CITIES METRO AREA. 3,000 PATRONS ATTENDED THREE PUBLIC PERFORMANCES. THE CAST INCLUDED OVER 100 DANCERS AGES FOUR TO ADULT, INCLUDING FOUR BALLET MINNESOTA COMPANY DANCERS, TWO SPECIAL GUESTS FROM FIRST STATE BALLET THEATER AND CONNECTICUT BALLET, AND DANCERS FROM CLASSICAL BALLET ACADEMY, OUR OFFICIAL SCHOOL. THE NUTCRACKER GIVES YOUNG STUDENTS THE OPPORTUNITY TO ENGAGE WITH PROFESSIONAL ARTISTS AND LEARN DIRECTLY FROM THEM. OUR NUTCRACKER CONTINUES TO BECOME AN ANNUAL FAMILY TRADITION FOR THOUSANDS OF FAMILIES IN OUR COMMUNITY. IN ADDITION, BALLET MINNESOTA PERFORMED EXCERPTS OF THE NUTCRACKER AT THE MINNEAPOLIS/ST. PAUL INTERNATIONAL AIRPORT ONE DAY OVER THANKSGIVING WEEKEND, ENTERTAINING PASSENGERS AS THEY NAVIGATED THE TERMINAL BETWEEN FLIGHTS.

Program 2

Expenses: $17,187 Revenue: $16,052

MINNESOTA DANCE FESTIVAL: THE 35TH ANNUAL FESTIVAL WITH FOUR PERFORMANCES OVER TWO DAYS AT THE E.M. PEARSON THEATRE AT CONCORDIA UNIVERSITY IN ST. PAUL. THIS EVENT CELEBRATES DANCERS, ARTISTS...

MINNESOTA DANCE FESTIVAL: THE 35TH ANNUAL FESTIVAL WITH FOUR PERFORMANCES OVER TWO DAYS AT THE E.M. PEARSON THEATRE AT CONCORDIA UNIVERSITY IN ST. PAUL. THIS EVENT CELEBRATES DANCERS, ARTISTS, MUSICIANS, CHOREOGRAPHERS, DIRECTORS, SET AND COSTUME DESIGNERS FROM A WIDE VARIETY OF DANCE ORGANIZATIONS FOR THE PURPOSE OF SHARING IDEAS, TECHNIQUES, CREATIVE HOPES, AND AMBITIONS. THIS YEAR'S PRODUCTION FEATURED VARIATIONS FROM PAQUITA, SWAN LAKE, & LA BAYADERE PLUS ANDREW RISTS'S BOLERO WITH BALLET MINNESOTA COMPANY DANCERS ALONG WITH STUDENTS FROM CLASSICAL BALLET ACADEMY. GUEST PERFORMERS INCLUDED KALA VANDANAM, CAAM CHINESE DANCE THEATER, JIM LIEBERTHAL, CHEREMOSH UKRAINIAN DANCE ENSEMBLE, ZENON DANCE, JULIANA JOHNSON, AND WATTANAK DANCE TROUPE.

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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
2025	No data	No data	No data	No data
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