SOUTHWEST VIRGINIA BALLET COMPANY (EIN 541563448) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

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 $274K in total revenue in fiscal year 2018. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $261K left a modest 5% surplus.

Mission

TO MAKE THE PERFORMING ARTS EXPERIENCE AVAILABLE TO ALL AGES FROM ALL WALKS OF LIFE THROUGH FULL-LENGTH PRODUCTIONS INCLUDING CLASSICAL BALLET, CONTEMPORARY AND NEW WORKS. TO PROMOTE DANCE EDUCATION FOR YOUNG DANCERS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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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

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

$66,658

Total Directors

$66,658

Key Employees

Highest Compensated

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

SOUTHWEST VIRGINIA BALLET COMPANY