LAKEVILLE CITY BALLET (EIN 450521156) - 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

2003

Principal Officer

PAUL RIME

Phone

9524523163

Tax Period

2024-07-01 to 2025-06-30

LAKEVILLE CITY BALLET, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $651K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum.

Mission

TO MAKE BALLET ACCESIBLE, RELATEABLE, FUN, AND CONNECT COMMUNITIES THROUGH PROFESSIONAL PRODUCTIONS AND EDUCATIONAL ENRICHMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $93,001

Program Service Revenue $543,601

Investment Income $2,451

Other Revenue $12,279

TOTAL REVENUE $651,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $275,802

Fundraising Expenses $0

Program Expenses $615,118

Other Expenses $384,770

TOTAL EXPENSES $660,572

Year-over-Year Comparison

	2024	2023	Change
Revenue	$651,332	$434,943	+0.5%
Expenses	$660,572	$485,387	+0.4%
Net Income	$-9,240	$-50,444	-0.8%

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

148

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

$36,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE VOGT	BOARD MEMBER	30.00	Officer	$22,000	$0	$22,000
FREDERICK VOGT	BOARD MEMBER	30.00	Officer	$14,000	$0	$14,000
ALLISON COLE	BOARD MEMBER	1.00	Officer	$0	$0	$0
MAUREEN HAWORTH	BOARD MEMBER	1.00	Officer	$0	$0	$0
SACHA HAWORTH	BOARD MEMBER	1.00	Officer	$0	$0	$0
SUSAN HEINLEIN	BOARD MEMBER	1.00	Officer	$0	$0	$0
TOM HENRY	BOARD MEMBER	1.00	Officer	$0	$0	$0
KENT KANE	BOARD MEMBER	1.00	Officer	$0	$0	$0
LISA KVITTEM	BOARD PRESID	1.00	Officer	$0	$0	$0
PAUL RIME	TREASURER/SE	3.00	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	$651,332	$660,572	$160,463	$-9,240
2024	$434,943	$485,387	$169,703	$-50,444
2023	$494,517	$439,263	$220,147	$55,254
2022	$404,380	$395,451	$164,893	$8,929
2021	$222,759	$175,866	$155,964	$46,893
2020	$256,749	$369,446	$142,294	$-112,697
2019	$431,691	$369,641	$221,768	$62,050

LAKEVILLE CITY BALLET