MINNESOTA BALLET INC (EIN 416055588) - 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

1965

Legal Domicile

Principal Officer

MAUDE DORNFELD

Phone

2187337570

Tax Period

2022-07-01 to 2023-06-30

MINNESOTA BALLET INC, founded in 1965, is a small nonprofit in the Arts, Culture & Humanities sector that reported $682K in total revenue in fiscal year 2022. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $821K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE BALLET'S MISSION IS TO PRESERVE AND ADVANCE THE ART OF BALLET, TO INCREASE ACCESS TO BALLET, AND TO USE THE MINNESOTA BALLET RESOURCES TO SERVE THE GREATER COMMUNITY. THE BALLET'S GOALS ARE TO EDUCATE THROUGH OUR SCHOOL AND COMPANY THE ART OF BALLET. PRESENT HIGHLY PROFESSIONAL PERFORMANCES AND DANCE INSTRUCTION IN THE NORTHLAND, NATIONALLY AND INTERNATIONALLY AND TO BRING BALLET TO THE PEOPLE WHERE THEY LIVE, WORK, AND GO TO SCHOOL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $318,287

Program Service Revenue $294,462

Investment Income $-3,448

Other Revenue $72,772

TOTAL REVENUE $682,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $483,233

Fundraising Expenses $12,322

Program Expenses $650,048

Other Expenses $338,163

TOTAL EXPENSES $821,396

Year-over-Year Comparison

	2022	2021	Change
Revenue	$682,073	$923,188	-0.3%
Expenses	$821,396	$724,507	+0.1%
Net Income	$-139,323	$198,681	-1.7%

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

$48,668

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA WINKLER	PRESIDENT	2.00	Officer Director	$0	$0	$0
NICK CAMPANARIO	1ST VICE PRE	2.00	Officer Director	$0	$0	$0
TIFFANY DARLING	2ND VICE PRE	2.00	Officer Director	$0	$0	$0
RYAN IRLBECK	TREASURER	2.00	Director	$0	$0	$0
MORGAN KOLENDA	SECRETARY	2.00	Officer Director	$0	$0	$0
KATI RAE ANNIS	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER BOYLE	DIRECTOR	2.00	Director	$0	$0	$0
SUE FUCHS	DIRECTOR	2.00	Director	$0	$0	$0
MARY GUMMERSON	DIRECTOR	2.00	Director	$0	$0	$0
JAYME HARTMAN	DIRECTOR	2.00	Director	$0	$0	$0
BETSY HOLCOMB	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL INSELMAN	DIRECTOR	2.00	Director	$0	$0	$0
HARVEY PLASCH	DIRECTOR	2.00	Director	$0	$0	$0
JOHNATHAN REZNICK	DIRECTOR	2.00	Director	$0	$0	$0
EDWARD SCHUMACHER	DIRECTOR	2.00	Director	$0	$0	$0
AMBER WHITNEY	DIRECTOR	1.00	Director	$0	$0	$0
MAUDE DORNFELD	EXECUTIVE DI	40.00	Officer	$48,668	$0	$48,668

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	No data	No data	No data	No data
2023	$682,073	$821,396	$235,186	$-139,323
2022	$923,188	$724,507	$379,656	$198,681
2021	$437,477	$462,929	$268,296	$-25,452
2020	$616,071	$775,549	$190,073	$-159,478
2019	$680,115	$780,694	$232,387	$-100,579
2018	$787,779	$756,030	$302,158	$31,749

MINNESOTA BALLET INC