CORNERSTONE ACADEMY OF PERFORMING ARTS I INC DBA CENTRAL ILLINOIS BALLET (EIN 454443676) - 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

2012

Legal Domicile

Principal Officer

LAUREL FILZEN ETZEL

Phone

3097131985

Tax Period

2023-01-01 to 2023-12-31

CORNERSTONE ACADEMY OF PERFORMING ARTS I INC DBA CENTRAL ILLINOIS BALLET, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $215K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

Provide professional dance training and professional ballet and dance performances to the residents of Central Illinois.

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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 $32,218

Program Service Revenue $178,335

Investment Income $13

Other Revenue $4,094

TOTAL REVENUE $214,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,111

Fundraising Expenses $0

Program Expenses $231,885

Other Expenses $144,120

TOTAL EXPENSES $231,885

Year-over-Year Comparison

	2023	2022	Change
Revenue	$214,660	$234,562	-0.1%
Expenses	$231,885	$256,637	-0.1%
Net Income	$-17,225	$-22,075	-0.2%

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

$15,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA GULLETT	FORMER PRESIDENT	5.00	Director	$0	$0	$0
REBEKAH VON RATHONYI	ARTISTIC DIRECTOR/TREASURER	40.00	Officer	$15,000	$0	$15,000
DOUGLAS COARTNEY	MEMBER	0.00	Officer	$0	$0	$0
LAUREL KAY FILZEN ETZEL	CURRENT PRESIDENT	0.00	Officer	$0	$0	$0
BETHANY PAPPALARDO	MEMBER	0.00	Officer	$0	$0	$0
JALEESHA ALLEN	MEMBER	0.00	Officer	$0	$0	$0
DEBORAH GARRISON	MEMBER	0.00	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
2024	No data	No data	No data	No data
2023	$214,660	$231,885	$41,320	$-17,225
2022	$234,562	$256,637	$57,876	$-22,075

CORNERSTONE ACADEMY OF PERFORMING ARTS I INC DBA CENTRAL ILLINOIS BALLET