BALLET FIVE EIGHT NFP

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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

JEREMY SLAGER

Phone

7083298773

Tax Period

2024-06-01 to 2025-05-31

BALLET FIVE EIGHT NFP, founded in 2012, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 14% surplus.

Mission

BALLET 5:8 CONTINUED TO ADVANCE ITS MISSION OF SPARKING CONVERSATION ON LIFE, FAITH, AND HUMAN DIGNITY THROUGH INNOVATIVE STORYTELLING AND WORLD- CLASS DANCE.

Program Service Accomplishments

Program 1

Expenses: $614,979 Revenue: $564,562

BALLET 5:8 EMPLOYED 30 PROFESSIONAL DANCERS AND SERVED MORE THAN 500 STUDENTS ANNUALLY THROUGH THE SCHOOL OF BALLET 5:8, PROVIDING TRAINING, MENTORSHIP, AND CAREER DEVELOPMENT FOR ASPIRING ARTISTS...

BALLET 5:8 EMPLOYED 30 PROFESSIONAL DANCERS AND SERVED MORE THAN 500 STUDENTS ANNUALLY THROUGH THE SCHOOL OF BALLET 5:8, PROVIDING TRAINING, MENTORSHIP, AND CAREER DEVELOPMENT FOR ASPIRING ARTISTS. THE COMPANY REACHED THOUSANDS OF AUDIENCE MEMBERS ACROSS ILLINOIS THROUGH LIVE PERFORMANCES, PARTNERSHIPS, AND EDUCATIONAL OUTREACH. KEY INITIATIVES INCLUDED THE WORLD PREMIERE OF LA LLORONA, A NEW BALLET EXPLORING POSTPARTUM DEPRESSION AND MATERNAL MENTAL HEALTH. THE PROJECT WAS DEVELOPED IN PARTNERSHIP WITH THE NATIONAL MUSEUM OF MEXICAN ART AND THE POSTPARTUM DEPRESSION ALLIANCE OF ILLINOIS, AND INCLUDED COMMUNITY WORKSHOPS WITH THE RAICES STORYTELLING COALITION, WHERE LATINA MOTHERS SHARED LIVED EXPERIENCES TO PROMOTE HEALING AND AWARENESS. BALLET 5:8 ALSO FORGED A LANDMARK COLLABORATION WITH THE KEHREIN CENTER FOR THE ARTS IN CHICAGOS AUSTIN NEIGHBORHOOD, BRINGING BALLET TO THE VENUE FOR THE FIRST TIME. THIS PERFORMANCE CELEBRATED THE CONTRIBUTIONS OF LATINA AND BLACK WOMEN IN THE ARTS AND FEATURED CHOREOGRAPHY BY ARTISTIC DIRECTOR JULIANNA RUBIO SLAGER, GUEST ARTIST RACHEL HUTSELL OF NEW YORK CITY BALLET, AND SPOKEN WORD ARTIST QUINA ARAGON. THROUGH THESE PROGRAMS, BALLET 5:8 EXPANDED ACCESS TO PROFESSIONAL DANCE, AMPLIFIED UNDERREPRESENTED VOICES, AND STRENGTHENED ILLINOISS CREATIVE ECONOMY BY EMPLOYING ARTISTS AND ENGAGING COMMUNITIES STATEWIDE.

Program 2

Expenses: $361,033 Revenue: $224,450

PROFESSIONAL COMPANY PERORMANCES FOR OVER 15,000 GUESTS.

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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 $627,457

Program Service Revenue $790,012

Investment Income $0

Other Revenue $44,794

TOTAL REVENUE $1,462,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $603,370

Fundraising Expenses $28,644

Program Expenses $976,012

Other Expenses $650,300

TOTAL EXPENSES $1,253,670

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,462,263	$984,039	+0.5%
Expenses	$1,253,670	$1,155,922	+0.1%
Net Income	$208,593	$-171,883	-2.2%

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

100

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

$85,999

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIANNA SLAGER	ARTISTIC DIR	40.00	Officer	$43,569	$0	$43,569
JEREMY SLAGER	EXECUTIVE DI	40.00	Officer	$35,184	$7,246	$42,430
LIBBY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
BOB LAMBERT	TREASURER	1.00	Officer Director	$0	$0	$0
CYNTHIA NEWLAND	PRESIDENT	1.00	Officer Director	$0	$0	$0
RAQUELA RUBIO	SECRETARY	1.00	Officer Director	$0	$0	$0
DELORIS THOMAS	DIRECTOR	1.00	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
2025	$1,462,263	$1,253,670	$701,471	$208,593
2024	$984,039	$1,155,922	$257,156	$-171,883
2023	$939,118	$1,126,797	$257,351	$-187,679
2022	$1,150,248	$1,140,473	$389,671	$9,775
2021	$1,041,537	$880,378	$379,226	$161,159
2019	$694,053	$672,005	$200,379	$22,048
2018	$524,705	$546,197	$97,382	$-21,492