SOUTHWEST VIRGINIA BALLET COMPANY

EIN: 541563448 501(c)(3) Arts, Culture & Humanities

ROANOKE, VA

Total Revenue
$363,594
Total Expenses
$352,348
Total Assets
$489,024
Net Assets
$489,024
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
VA
Principal Officer
NANCY KELDERHOUSE
Phone
5403873978
Tax Period
2022-07-01 to 2023-06-30

SOUTHWEST VIRGINIA BALLET COMPANY, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $364K in total revenue in fiscal year 2022. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $352K left a modest 3% surplus.

Mission

TO PROVIDE, FREE OF CHARGE, THE HIGHEST QUALITY OF PRE-PROFESSIONAL TRAINING POSSIBLE TO YOUNG DANCERS AND PROMOTE CULTURAL ENRICHMENT AND AWARENESS TO THE ART OF DANCE. SOUTHWEST VIRGINIA BALLET IS COMMITTED TO OFFERING OUTREACH OPPORTUNITIES FOR UNDER-SERVED AND AT-RISK CHILDREN AND ADULTS FROM ACROSS SOUTHWEST VIRGINIA.

Program Service Accomplishments

Program 1
Expenses: $176,052 Revenue: $205,416

PERFORMANCE -- PROVIDE FULL LENGTH PRODUCTIONS INCLUDING CLASSICAL BALLET, CONTEMPORARY AND MODERN WORKS. TWO MAJOR PLAYS WERE PERFORMED, THE LARGEST BEING THE NUTCRACKER. THE NUTCRACKER PERFORMANCE...

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PERFORMANCE -- PROVIDE FULL LENGTH PRODUCTIONS INCLUDING CLASSICAL BALLET, CONTEMPORARY AND MODERN WORKS. TWO MAJOR PLAYS WERE PERFORMED, THE LARGEST BEING THE NUTCRACKER. THE NUTCRACKER PERFORMANCE HAD OVER 5,000 PEOPLE IN ATTENDENCE.

Program 2
Expenses: $95,958 Revenue: $76,017

EDUCATION -- NURTURE AND EDUCATE YOUNG SERIOUS DANCERS IN OUR REGION WHO MAY DESIRE A PROFESSIONAL CAREER IN DANCE OR A RELATED FIELD. APPROXIMATELY 300 STUDENTS TOTAL TOOK PART IN THE DANCE ESPANOL...

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EDUCATION -- NURTURE AND EDUCATE YOUNG SERIOUS DANCERS IN OUR REGION WHO MAY DESIRE A PROFESSIONAL CAREER IN DANCE OR A RELATED FIELD. APPROXIMATELY 300 STUDENTS TOTAL TOOK PART IN THE DANCE ESPANOL BALLET AND THE MIDDLE SCHOOL BALLET EDUCATION PROGRAMS.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $64,121
Program Service Revenue $281,433
Investment Income $1,025
Other Revenue $17,015
TOTAL REVENUE $363,594

Expense Breakdown

Grants Paid $0
Salaries & Benefits $107,643
Fundraising Expenses $33,873
Program Expenses $272,010
Other Expenses $244,705
TOTAL EXPENSES $352,348

Year-over-Year Comparison

2022 2021 Change
Revenue $363,594 $281,577 +0.3%
Expenses $352,348 $261,744 +0.3%
Net Income $11,246 $19,833 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
5
Volunteers
150

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
7
$66,658
Total Directors
15
$66,658
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PEDRO SZALAY ART DIRECTOR 40.00
Officer Director
$60,658 $0 $60,658
SYREETA COMBS-CANNADAY EXC DIRECTOR 30.00
Officer Director
$0 $0 $0
MEGAN POTTER INT EXC DIR 30.00
Officer Director
$6,000 $0 $6,000
SPENCER WIEGARD PRESIDENT 5.00
Officer Director
$0 $0 $0
BETH KELLEY VICE PRESIDE 10.00
Officer Director
$0 $0 $0
DR JOHN BOULDIN BOARD MEMBER 1.00
Director
$0 $0 $0
NANCY KELDERHOUSE BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA MATHER BOARD MEMBER 1.00
Director
$0 $0 $0
LAUREN MAXWELL TREASURER 10.00
Officer Director
$0 $0 $0
MATTHEW SCHALLON BOARD MEMBER 3.00
Director
$0 $0 $0
LENORE WILLIS SECRETARY-PA 3.00
Officer Director
$0 $0 $0
WILL TRINKLE BOARD MEMBER 1.00
Director
$0 $0 $0
KYLE VORST BOARD MEMBER 1.00
Director
$0 $0 $0
LORIE STRAUSS BOARD MEMBER 1.00
Director
$0 $0 $0
ELLIE MOSER STUDENT REP- 0.50
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
2024 No data No data No data No data
2023 $363,594 $352,348 $489,024 $11,246
2022 $281,577 $261,744 $477,778 $19,833
2021 $223,375 $196,685 $457,945 $26,690
2020 $289,224 $272,188 $433,025 $17,036
2019 $274,205 $260,991 $415,093 $13,214
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