BALLET WORKS INC

EIN: 411787932 501(c)(3) Arts, Culture & Humanities

MINNEAPOLIS, MN

Total Revenue
$419,448
Total Expenses
$568,783
Total Assets
N/A
Net Assets
N/A
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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
1994
Legal Domicile
MN
Phone
6515039984
Tax Period
2024-07-01 to 2025-06-30

BALLET WORKS INC, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $419K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $569K exceeded revenue, resulting in a 36% operating deficit.

Mission

TO TRANSFORM DANCE, ARTISTS AND AUDIENCES THROUGH RICH COLLABORATION, EDUCATION, AND EQUITABLE OPPORTUNITIES

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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 $311,236
Program Service Revenue $97,997
Investment Income $10,215
Other Revenue $0
TOTAL REVENUE $419,448

Expense Breakdown

Grants Paid $8,988
Salaries & Benefits $439,953
Fundraising Expenses $109,028
Program Expenses $363,690
Other Expenses $119,842
TOTAL EXPENSES $568,783

Year-over-Year Comparison

2024 2023 Change
Revenue $419,448 $532,163 -0.2%
Expenses $568,783 $557,004 +0.0%
Net Income $-149,335 $-24,841 +5.0%
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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Governance

Voting Members
14
Independent Members
13
Employees
13
Volunteers
N/A

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
14
$54,150
Key Employees
1
$54,150
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUSTINA ROBERTS PRESIDENT 1.00
Officer Director
$0 $0 $0
MARTIN RIGNEY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
EVE SCHULTE EXECUTIVE DIRECTOR 40.00
Director Key Emp
$54,150 $0 $54,150
CONNIE BECK TREASURER 1.00
Officer Director
$0 $0 $0
TOM ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL SNOW BOARD MEMBER 1.00
Director
$0 $0 $0
HOLLY ZIEMER BOARD MEMBER 1.00
Director
$0 $0 $0
GERALD TIMMPhD BOARD MEMBER 1.00
Director
$0 $0 $0
SHEILA ASATO BOARD MEMBER 1.00
Director
$0 $0 $0
KIM WITCZAK BOARD MEMBER 1.00
Director
$0 $0 $0
LISA MALONEY-VINZ BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES MCCARTHY BOARD MEMBER 1.00
Director
$0 $0 $0
NANCY WEINGARTNER MONROE SECRETARY 1.00
Officer Director
$0 $0 $0
JACQUELINE GRIFFITH CROWLEY BOARD MEMBER 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 $419,448 $568,783 No data $-149,335
2024 No data No data No data No data
2023 $448,323 $581,285 $179,331 $-132,962
2022 $591,481 $574,362 $321,556 $17,119
2021 $573,393 $443,103 $370,638 $130,290
2020 $646,084 $708,618 $238,741 $-62,534
2019 $694,832 $780,803 $251,734 $-85,971
2018 $833,390 $819,225 $344,537 $14,165
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