THE RICHMOND BALLET (EIN 546049848) - 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

1968

Legal Domicile

Principal Officer

MA CONG

Phone

8043440906

Tax Period

2023-07-01 to 2024-06-30

THE RICHMOND BALLET, founded in 1968, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.2M in total revenue in fiscal year 2017. Expenses of $6.5M left a modest 9% surplus.

Mission

RICHMOND BALLET AWAKENS, UPLIFTS, AND UNITES HUMAN SPIRITS THROUGH THE POWER OF DANCE. DEDICATED TO THE EVOLUTION OF BALLET AS A VERSATILE LANGUAGE OF MOVEMENT THAT CROSSES NATIONAL AND CULTURAL BOUNDARIES, WE SEEK TO DRAW AN EVER BROADER RANGE OF ARTISTS, STUDENTS, AND AUDIENCES TO EXPERIENCE THE MAGIC OF DANCE THROUGH INSPIRING PERFORMANCES, OUTSTANDING TRAINING, AND MEANINGFUL COMMUNITY ENGAGEMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,446,781

Program Service Revenue $4,315,995

Investment Income $275,620

Other Revenue $-10,731

TOTAL REVENUE $8,027,665

Expense Breakdown

Grants Paid $277,322

Salaries & Benefits $4,529,331

Fundraising Expenses $433,868

Program Expenses $6,161,987

Other Expenses $2,534,766

TOTAL EXPENSES $7,341,419

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,027,665	$6,204,547	+0.3%
Expenses	$7,341,419	$6,265,937	+0.2%
Net Income	$686,246	$-61,390	-12.2%

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

161

Volunteers

140

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

$364,125

Total Directors

$274,820

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET CLINARD	PRESIDENT	5.00	Officer Director	$0	$0	$0
SELINA RAINEY	VICE PRES. & PRES ELECT	2.00	Officer Director	$0	$0	$0
TIFFANY B ARMSTRONG	TREASURER	2.00	Officer Director	$0	$0	$0
GAYE MONTGOMERY	SECRETARY	2.00	Officer Director	$0	$0	$0
STONER WINSLETT	ARTISTIC DIRECTOR	40.00	Officer Director	$146,035	$5,535	$151,570
BRETT BONDA	FORMER MANAGING DIRECTOR	40.00	Officer Director	$112,885	$10,365	$123,250
KATHLEEN MACCIO HOLMAN	CHAIRMAN	5.00	Officer Director	$0	$0	$0
HUNTER APPLEWHITE	TRUSTEE	2.00	Director	$0	$0	$0
DAVID BERAN	TRUSTEE	2.00	Director	$0	$0	$0
DANIEL BRYANT	TRUSTEE	2.00	Director	$0	$0	$0
KATHERINE DUVAL	TRUSTEE	2.00	Director	$0	$0	$0
MAGGIE GEORGIADIS	TRUSTEE	2.00	Director	$0	$0	$0
RYAN GLASGOW	TRUSTEE	2.00	Director	$0	$0	$0
PHILIP GOODPASTURE	TRUSTEE	2.00	Director	$0	$0	$0
KATHRYN GRAY	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN GREMER	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTIAN KENNEDY	TRUSTEE	2.00	Director	$0	$0	$0
J ROBERT MOONEY	TRUSTEE	2.00	Director	$0	$0	$0
KWADWO OWUSU-AKYAW MD	TRUSTEE	2.00	Director	$0	$0	$0
CAROLYN PORT MD	TRUSTEE	2.00	Director	$0	$0	$0
DAPHNE MAXWELL REID	TRUSTEE	2.00	Director	$0	$0	$0
MRS RICHARD S REYNOLDS III	TRUSTEE	2.00	Director	$0	$0	$0
LIBBY ROBERTSON	TRUSTEE	2.00	Director	$0	$0	$0
LIZ TOMS	TRUSTEE	2.00	Director	$0	$0	$0
KRISTIN VOSMIK	TRUSTEE	2.00	Director	$0	$0	$0
BARBARA WRIGHT	TRUSTEE	2.00	Director	$0	$0	$0
MICHELLE MULLER	CHIEF FINANCIAL OFFICER	40.00	Officer	$84,658	$4,647	$89,305
MAYA ERHARDT	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
MA CONG	ASSOC. ARTISTIC DIRECTOR	40.00	Highest	$116,053	$5,123	$121,176

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	$8,027,665	$7,341,419	$14,066,266	$686,246
2023	$6,204,547	$6,265,937	$10,853,342	$-61,390
2022	$8,133,394	$5,523,238	$10,091,737	$2,610,156
2021	$5,961,250	$4,305,058	$9,343,909	$1,656,192
2020	$7,538,123	$6,425,285	$12,138,649	$1,112,838
2019	$7,352,409	$6,492,360	$10,726,170	$860,049
2018	$7,175,266	$6,547,243	$9,988,857	$628,023

THE RICHMOND BALLET