LEXINGTON BALLET COMPANY INC (EIN 510161971) - 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

1974

Legal Domicile

Principal Officer

Mia Isaac

Phone

8592333925

Tax Period

2024-07-01 to 2025-06-30

LEXINGTON BALLET COMPANY INC, founded in 1974, is a small nonprofit that reported $366K in total revenue in fiscal year 2024. Expenses of $454K exceeded revenue, resulting in a 24% operating deficit.

Mission

To INSPIRE diverse audiences with vibrant classical, new classical and contemporary ballet. EDUCATE and challenge individuals to reach their potential by providing the highest level of classical ballet training and performance opportunities in a culture of self discipline creativity and respect. CULTIVATE collaborations that expand the availability, access and appreciation for the arts regionally, making Lexington a unique and vibrant city in which to live and work.

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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 $70,121

Program Service Revenue $289,662

Investment Income $260

Other Revenue $6,150

TOTAL REVENUE $366,193

Expense Breakdown

Grants Paid $4,357

Salaries & Benefits $212,620

Fundraising Expenses $16,409

Program Expenses $347,080

Other Expenses $237,107

TOTAL EXPENSES $454,084

Year-over-Year Comparison

	2024	2023	Change
Revenue	$366,193	$373,013	0.0%
Expenses	$454,084	$466,940	0.0%
Net Income	$-87,891	$-93,927	-0.1%

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

N/A

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
Michelle Huang	President	2	Director Key Emp	$0	$0	$0
David Iorio	Director	2	Officer Director	$0	$0	$0
Renee Marrow	Director	2	Officer Director	$0	$0	$0
Bob Eidson	Director	1	Director	$0	$0	$0
Linda Rego	Director	1	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	$366,193	$454,084	$155,572	$-87,891
2024	$373,013	$466,940	$220,339	$-93,927
2023	$667,307	$492,664	$330,009	$174,643
2022	$397,706	$321,292	$159,431	$76,414
2021	$274,434	$296,588	$122,409	$-22,154
2020	$306,237	$438,611	$141,355	$-132,374

LEXINGTON BALLET COMPANY INC