OMAHA ACADEMY OF BALLET (EIN 470532282) - 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

1970

Legal Domicile

Principal Officer

MELANIE EPPS

Phone

4023460469

Tax Period

2023-09-01 to 2024-08-31

OMAHA ACADEMY OF BALLET, founded in 1970, is a small nonprofit that reported $491K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $1.7M represent 41 months of operating reserves.

Mission

CULTIVATING PASSION AND COMMUNITY THROUGH QUALITY DANCE EDUCATION

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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 $45,941

Program Service Revenue $410,516

Investment Income $27,753

Other Revenue $7,179

TOTAL REVENUE $491,389

Expense Breakdown

Grants Paid $14,869

Salaries & Benefits $299,873

Fundraising Expenses $19,933

Program Expenses $422,410

Other Expenses $202,256

TOTAL EXPENSES $516,998

Year-over-Year Comparison

	2023	2022	Change
Revenue	$491,389	$440,584	+0.1%
Expenses	$516,998	$510,546	+0.0%
Net Income	$-25,609	$-69,962	-0.6%

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

$45,846

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NIKKI RAUTH	PRESIDENT	2.00	Officer Director	$0	$0	$0
GRETCHEN MCGILL	VICE PRESIDE	2.00	Director	$0	$0	$0
BRITTANY DABESTANI	SECRETARY	2.00	Officer Director	$0	$0	$0
JACKI JACOX	TREASURER	4.00	Officer Director	$0	$0	$0
LUCAS SHOOK	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
MELANIE EPPS	EXECUTIVE DI	40.00	Officer	$42,146	$3,700	$45,846

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	$491,389	$516,998	$1,842,710	$-25,609
2023	$440,584	$510,546	$1,865,414	$-69,962
2022	$521,669	$513,139	$1,974,072	$8,530
2021	$593,748	$451,647	$2,059,964	$142,101
2020	$459,378	$464,064	$1,964,211	$-4,686
2019	$526,688	$493,188	$1,949,741	$33,500
2018	$787,506	$489,284	$2,155,006	$298,222

OMAHA ACADEMY OF BALLET