METROPOLITAN BALLET THEATRE INC

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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

1989

Legal Domicile

Principal Officer

STEPHANIE WENDELL

Phone

3017621757

Tax Period

2024-07-01 to 2025-06-30

METROPOLITAN BALLET THEATRE INC, founded in 1989, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

PROVIDING ARTS OPPORTUNITIES FOR ALL THROUGH EXCEPTIONAL DANCE EDUCATION, COMMUNITY OUTREACH, AND INSPIRING PERFORMANCES.

Program Service Accomplishments

Program 1

Expenses: $1,004,149 Revenue: $768,340

ACADEMIC YEAR AND SUMMER PROGRAMS: MBT OFFERS PROFESSIONAL, INDIVIDUALIZED DANCE EDUCATION (INCLUDING BALLET, JAZZ, AND OTHER FORMS OF DANCE) TO PROFESSIONAL, PRE-PROFESSIONAL, AND BEGINNING STUDENTS IN A CARING, NURTURING ENVIRONMENT. SPECIFICALLY, MBT OFFERS THE SAME HIGH-QUALITY DANCE INSTRUCTION TO ALL ITS STUDENTS - THOSE WHO TAKE DANCE RECREATIONALLY AS WELL AS THOSE WHO MAY BE CONSIDERING A DANCE CAREER - REGARDLESS OF BODY SIZE, TECHNICAL ABILITY, OR PHYSICAL LIMITATION.

Program 2

Expenses: $175,167 Revenue: $231,893

MBT PERFORMANCES TO THE COMMUNITY WITH ITS ANNUAL PRODUCTIONS OF THE NUTCRACKER AS WELL AS A SPRING SEASON, WHICH VARIES YEARLY. THE OPPORTUNITIES ARE TWO-FOLD; 1) PROVIDING ENROLLED STUDENTS AGE 7 AND OLDER THE CHANCE TO PARTICIPATE IN A PROFESSIONAL PRODUCTION. 2) PROVIDING THE COMMUNITY WITH AN AFFORDABLE, ACCESSIBLE, FAMILY-FRIENDLY CULTURAL EXPERIENCE.

Program 3

Expenses: $27,663

MBT'S OUTREACH PROGRAM INCLUDES COLLABORATIONS WITH OTHER ARTS ORGANIZATIONS, PROVIDING TEACHERS TO AFTER SCHOOL PROGRAMS THAT OFFER DANCE CLASSES TO CHILDREN AT NO CHARGE, AND PROVIDING STUDENT...

MBT'S OUTREACH PROGRAM INCLUDES COLLABORATIONS WITH OTHER ARTS ORGANIZATIONS, PROVIDING TEACHERS TO AFTER SCHOOL PROGRAMS THAT OFFER DANCE CLASSES TO CHILDREN AT NO CHARGE, AND PROVIDING STUDENT PERFORMERS AT PUBLIC EVENTS. AGAIN, THE OPPORTUNITIES ARE TWO-FOLD: 1) TO ENHANCE STUDENT DANCERS' CIVIC RESPONSIBILITY. 2) TO PROVIDE UNDERSERVED POPULATIONS THE OPPORTUNITY TO EXPERIENCE THE ART OF DANCE WHEN THEY MAY NOT OTHERWISE HAVE THE MEANS TO.

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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 $226,570

Program Service Revenue $1,008,758

Investment Income $29,956

Other Revenue $-2,120

TOTAL REVENUE $1,263,164

Expense Breakdown

Grants Paid $49,914

Salaries & Benefits $692,012

Fundraising Expenses $8,408

Program Expenses $1,206,979

Other Expenses $623,735

TOTAL EXPENSES $1,365,661

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,263,164	$1,359,730	-0.1%
Expenses	$1,365,661	$1,347,929	+0.0%
Net Income	$-102,497	$11,801	-9.7%

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

133

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

$196,398

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MACKENZIE ALLEN	DIRECTOR	0.25	Director	$0	$0	$0
REBECCA CATHCART	DIRECTOR	0.25	Director	$0	$0	$0
SHREEYA CHOWDHURY-SIL	DIRECTOR	0.25	Director	$0	$0	$0
MICHELLE GROW	DIRECTOR	0.25	Director	$0	$0	$0
CORY LUCKETT	DIRECTOR	0.25	Director	$0	$0	$0
EBONY BRUNSON	DIRECTOR	2.00	Director	$0	$0	$0
JAY GAGEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVE BARBER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID MCCORMICK-GOODHART	SECRETARY	2.00	Officer Director	$0	$0	$0
EUNA PATIL	TREASURER	2.00	Officer Director	$0	$0	$0
ELIZABETH ODELL CATLETT	EXECUTIVE DIRECTOR (THRU 3/1/25)	40.00	Officer	$103,135	$3,059	$106,194
STEPHANIE WENDELL	EXECUTIVE DIRECTOR (BEGAN 3/1/25)	40.00	Officer	$90,204	$0	$90,204

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	$1,263,164	$1,365,661	$1,729,470	$-102,497
2024	$1,359,730	$1,347,929	$2,000,715	$11,801
2023	$1,763,985	$1,305,163	$2,429,987	$458,822
2022	$1,037,933	$1,198,287	$2,149,579	$-160,354
2021	$1,014,786	$1,106,097	$1,160,739	$-91,311
2020	$1,178,482	$1,293,292	$1,234,707	$-114,810
2019	$1,659,173	$1,362,394	$1,371,197	$296,779
2018	$1,045,629	$967,663	$1,114,833	$77,966