SAINT PAUL BALLET

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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

1997

Legal Domicile

Principal Officer

Lori Gleason

Phone

6516901588

Tax Period

2023-07-01 to 2024-06-30

SAINT PAUL BALLET, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $425K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $470K exceeded revenue, resulting in a 11% operating deficit.

Mission

Saint Paul Ballet's vision is to rejoice in the beauty and immediacy of dance with the widest possible audience and to lift the human spirit through the art of ballet. Its mission is to provide the finest dance education, reduce barriers to involvement in the art of dance, and perform a vibrant repertory with a passion for the highest level of excellence.

Program Service Accomplishments

Program 1

Expenses: $33,685 Revenue: $21,529

PERFORMANCES: St. Paul Ballet presented two mainstage student performances in FY24, in addition to being guests in collaborative concerts. Mainstage performances include The Nutcracker Reimagined at The O'Shaughnessy Theater in November 2024; Spring Showcase at The O'Shaughnessy Theater in May 2024; featuring work set on the dancers by choreographers Penelope Freeh, Helen Hatch and Sean Scantlebury and collaboration with artists CAAM Chinese Dance Theater and Ethnic Dance Theater.

Program 2

Expenses: $359,104 Revenue: $206,417

EDUCATION: St. Paul Ballet continued to offer our renowned Pre-Professional training program for ages 7-18 to build the foundation for college-level programs or a professional career. Additionally...

EDUCATION: St. Paul Ballet continued to offer our renowned Pre-Professional training program for ages 7-18 to build the foundation for college-level programs or a professional career. Additionally, St. Paul Ballet increased our engagement of recreational dancers and community members through targeted programs: 1.) Children's Division promotes dance as a form of play for ages 2.5-7, including classes like Parent & Me, Creative Dance, Pre-Ballet ; 2.) Adult Division Classes include Boomer Ballet for ages 55+. Extension Division reaches beyond the traditional age, experience, and ability entry points of ballet to promote life-long learning.

Program 3

Expenses: $0 Revenue: $0

COMMUNITY In November 2024, we continued providing Pay-As-Able ticketing to our The Nutcracker Reimagined. It resulted in over 1,700 attendees at The O'Shaughnessy, with 3x the number of children who traditionally attend! Surveying attendees we found the increased participation, especially by those on fixed incomes and children were able to attend building new audiences.

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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 $175,435

Program Service Revenue $227,946

Investment Income $0

Other Revenue $21,638

TOTAL REVENUE $425,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $281,666

Fundraising Expenses $9,653

Program Expenses $392,789

Other Expenses $187,216

TOTAL EXPENSES $469,889

Year-over-Year Comparison

	2023	2022	Change
Revenue	$425,019	$372,072	+0.1%
Expenses	$469,889	$413,022	+0.1%
Net Income	$-44,870	$-40,950	+0.1%

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

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
Sarah Leismer	Interim Chair	0.25	Director	$0	$0	$0
Lilyan Hoyos	Treasurer	1	Director	$0	$0	$0
Amber Genetsky	Director	0.5	Director	$0	$0	$0
Christine Onusko	Director	2	Director	$0	$0	$0
Katherine Krieser	Director	0.5	Director	$0	$0	$0
Ann Hoang Teinor	Director	0.5	Director	$0	$0	$0
Anna Maury	Director	0.5	Director	$0	$0	$0
Nikki Bjornrud	Director	0.5	Director	$0	$0	$0
Greg Kryzer	Director	0.5	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	No data	No data	No data	No data
2024	$425,019	$469,889	$33,941	$-44,870
2023	$372,072	$413,022	$64,439	$-40,950
2022	$390,921	$367,765	$113,495	$23,156
2021	$333,175	$334,318	$109,919	$-1,143
2020	$336,171	$333,468	$70,813	$2,703
2019	$414,890	$406,379	$41,518	$8,511