The Universal Ballet Foundation (EIN 541424487) - 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

1986

Legal Domicile

Principal Officer

Jin Lee

Phone

2028321087

Tax Period

2022-01-01 to 2022-12-31

The Universal Ballet Foundation, founded in 1986, is a mid-sized nonprofit that reported $12.6M in total revenue in fiscal year 2022. Revenue surged 145% from the prior year, signaling strong growth momentum. Expenses of $22.9M exceeded revenue, resulting in a 81% operating deficit.

Mission

To find, train and educate students who show excellence in their artistic potential for ballet.

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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 (2022)

Revenue Breakdown

Contributions & Grants $41,883

Program Service Revenue $1,967,856

Investment Income $10,631,849

Other Revenue $1,280

TOTAL REVENUE $12,642,868

Expense Breakdown

Grants Paid $19,886,960

Salaries & Benefits $1,929,050

Fundraising Expenses $23,517

Program Expenses $21,948,322

Other Expenses $1,072,896

TOTAL EXPENSES $22,888,906

Year-over-Year Comparison

	2022	2021	Change
Revenue	$12,642,868	$5,160,268	+1.5%
Expenses	$22,888,906	$6,662,042	+2.4%
Net Income	$-10,246,038	$-1,501,774	+5.8%

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

N/A

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

$176,944

Total Directors

$108,724

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Thomas Walsh	Director,Chairman	5.00	Director	$0	$0	$0
Pamela Gonzales de Cordova	Executive Director	40.00	Officer Director	$100,217	$8,507	$108,724
Yong Cheol Song	Director	0.50	Director	$0	$0	$0
Thomas Selover	Director	0.50	Director	$0	$0	$0
Gerard Willis	Director	0.50	Director	$0	$0	$0
Jin Lee	Secretary/Treasurer	40.00	Officer	$61,370	$6,850	$68,220

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
2022	$12,642,868	$22,888,906	No data	$-10,246,038
2021	$5,160,268	$6,662,042	$12,421,154	$-1,501,774
2020	$7,069,621	$6,050,659	$12,718,300	$1,018,962
2019	$14,852,880	$6,044,426	$12,163,081	$8,808,454
2018	$7,713,769	$5,580,252	$3,213,150	$2,133,517

The Universal Ballet Foundation