BALLET LUBBOCK

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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

1969

Legal Domicile

Principal Officer

HELEN DUNCUM

Phone

8067853090

Tax Period

2023-07-01 to 2024-06-30

BALLET LUBBOCK, founded in 1969, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $2.7M exceeded revenue, resulting in a 24% operating deficit.

Mission

THE MISSION OF BALLET LUBBOCK IS TO CHANGE LIVES. AS A PRE-PROFESSIONAL DANCE SCHOOL, WE ENHANCE OUR COMMUNITY THROUGH PREMIER DANCE TRAINING, PERFORMANCES, AND OUTREACH.

Program Service Accomplishments

Program 1

Expenses: $2,339,514 Revenue: $1,170,123

HIGH CALIBER AND ENGAGING CLASSICAL BALLET INSTRUCTION TO MEMBERS OF THE COMMUNITY AT ACCESSIBLE TUITION RATES WITH SCHOLARSHIP AND TUITION SUPPORT.INSPIRING, IMAGINATIVE, AND ENGAGING PERFOMANCE OF BALLET AT AFFORDABLE AND FREE ADMISSION RATES IN ORDER TO ENGAGE ALL POCKETS OF OUR SOCIETY.

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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 $851,741

Program Service Revenue $1,183,823

Investment Income $47,601

Other Revenue $110,813

TOTAL REVENUE $2,193,978

Expense Breakdown

Grants Paid $0

Salaries & Benefits $924,389

Fundraising Expenses $133,206

Program Expenses $2,339,514

Other Expenses $1,794,398

TOTAL EXPENSES $2,718,787

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,193,978	$2,445,818	-0.1%
Expenses	$2,718,787	$2,391,014	+0.1%
Net Income	$-524,809	$54,804	-10.6%

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

250

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

$251,433

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WYATT LEAVELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHANNON MILLER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LINDZI TIMBERLAKE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARGARET RANDLE	SECRETARY	1.00	Officer Director	$0	$0	$0
DARRELL ELLISON	TREASURER	1.00	Officer Director	$0	$0	$0
BUDDY NGUYEN	DIRECTOR	1.00	Director	$0	$0	$0
EMILY OWEN	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE QUINTELA	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GUTIERREZ	DIRECTOR	1.00	Director	$0	$0	$0
JESSE MENDEZ	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA REYNOLDS	DIRECTOR	3.00	Director	$0	$0	$0
JOSHLYN COTTON	DIRECTOR	1.00	Director	$0	$0	$0
KAREN QUINTANA	DIRECTOR	1.00	Director	$0	$0	$0
KELLI MEDINA	DIRECTOR	1.00	Director	$0	$0	$0
MELYNN HENRY	DIRECTOR	1.00	Director	$0	$0	$0
MONTY LONG	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT KOLLMAN	DIRECTOR	0.25	Director	$0	$0	$0
SHAUNTA WALLACE	DIRECTOR	2.00	Director	$0	$0	$0
SOMOR JAYNES	DIRECTOR	10.00	Director	$0	$0	$0
NICHOLAS DRAGGA 723 - 1023	EXECUTIVE DIRECTOR	50.00	Officer	$135,533	$0	$135,533
YVONNE RACZ KEY	ARTISTIC DIRECTOR	40.00	Officer	$115,900	$0	$115,900

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	No data	No data	No data	No data
2024	$2,193,978	$2,718,787	$10,219,624	$-524,809
2023	$2,445,818	$2,391,014	$10,808,821	$54,804
2022	$3,096,475	$2,386,973	$11,243,607	$709,502
2021	$2,793,378	$1,482,274	$11,609,353	$1,311,104
2020	$1,833,351	$1,375,801	$4,555,220	$457,550
2019	$1,353,498	$1,077,360	$3,959,124	$276,138
2018	$1,496,755	$1,072,092	$3,688,033	$424,663