LEXINGTON BALLET COMPANY INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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.

Program Service Accomplishments

Program 1

Expenses: $279,881 Revenue: $213,674

Public Ballet Choreography, Set Design, and Performances.

Program 2

Expenses: $36,117 Revenue: $75,989

The Lexington Ballet Company has a year-round arts education program which includes but is not limited to ballet instruction in the following: classical ballet, creative movement, pre-ballet, jazz...

The Lexington Ballet Company has a year-round arts education program which includes but is not limited to ballet instruction in the following: classical ballet, creative movement, pre-ballet, jazz, modern, and adult ballet. Training for all ages and skill levels are available at LBC which really helps the organization reach a broad audience. During the summer months, LBC offers summer intensive ballet programs as an Adult Intensive Program that allows for working adults to enjoy a week of intensive dance discovery in the evening hours. We launched Ann app for the school and parents.

Program 3

Expenses: $31,082 Revenue: $0

Cultural Enrichment - Lex Ballet dancers and staff traveled to Lexington's sister city Deauville, France, to meet, to study with, to view performances with the French Ballet company, and to exchange cultural knowledge. Partnerships & collaborations in France resulted in positive media coverage and press, and highly favorable community feedback. Programs often extend beyond diplomacy or business ties to include cultural diplomacy using art, media, performance, and education to connect communities on a human level. Arts and culture serve as tools for mutual understanding and creative exchange, with dance acting as a universal language.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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