MICHIGAN BALLET ACADEMY (EIN 452531619) - 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

2011

Legal Domicile

Principal Officer

ANGELA KOELLER

Phone

6167101666

Tax Period

2023-09-01 to 2024-08-31

MICHIGAN BALLET ACADEMY, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $359K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO DELIVER THE HIGHEST QUALITY BALLET TRAINING IN AN ATMOSPHERE OF CREATIVITY, CHALLENGE, ENCOURAGEMENT, AND INTEGRITY.

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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 $107,574

Program Service Revenue $203,751

Investment Income $0

Other Revenue $47,429

TOTAL REVENUE $358,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,947

Fundraising Expenses $0

Program Expenses $337,004

Other Expenses $265,999

TOTAL EXPENSES $354,946

Year-over-Year Comparison

	2023	2022	Change
Revenue	$358,754	$320,871	+0.1%
Expenses	$354,946	$315,092	+0.1%
Net Income	$3,808	$5,779	-0.3%

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
SHAUNA WALWOOD	PRESIDENT	5.00	Officer Director	$0	$0	$0
MARCIA MCEVOY MADDEN	VICE PRESIDENT OF ADVANCEM	5.00	Officer Director	$0	$0	$0
ANGELA KOELLER	TREASURER	5.00	Officer Director	$0	$0	$0
BRUCE JARVIS	SECRETARY	5.00	Officer Director	$0	$0	$0
LORNA HERNANDEZ JARVIS	DIRECTOR	3.00	Director	$0	$0	$0
BRENDA TERRY	DIRECTOR	3.00	Director	$0	$0	$0
ANDREW HOEKSTRA	DIRECTOR	3.00	Director	$0	$0	$0
DAVID ARMBRECHT	DIRECTOR	3.00	Director	$0	$0	$0
ALIX KAYAYAN	VICE PRESIDENT OF OPERATIO	3.00	Officer Director	$0	$0	$0
DAVID BELLAMY	PRESIDENT EMERITUS	0.00	Director	$0	$0	$0
ANNETTE SCHAUTZ	DIRECTOR	3.00	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
2024	$358,754	$354,946	$63,314	$3,808
2023	$320,871	$315,092	$56,506	$5,779
2022	$297,413	$315,324	$49,927	$-17,911
2021	$286,206	$295,196	$68,652	$-8,990
2020	$331,547	$332,657	$74,188	$-1,110
2019	$313,226	$313,768	$81,842	$-542
2018	$344,426	$343,774	$68,618	$652

MICHIGAN BALLET ACADEMY