CHARLESTON BALLET INC (EIN 550397803) - 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

1956

Legal Domicile

Principal Officer

KIM R PAULEY

Phone

3043426541

Tax Period

2024-06-01 to 2025-05-31

CHARLESTON BALLET INC, founded in 1956, is a small nonprofit in the Arts, Culture & Humanities sector that reported $419K in total revenue in fiscal year 2024.

Mission

TO PERPETUATE THE ART OF 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 (2024)

Revenue Breakdown

Contributions & Grants $264,136

Program Service Revenue $124,110

Investment Income $7,331

Other Revenue $22,977

TOTAL REVENUE $418,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,687

Fundraising Expenses $40,583

Program Expenses $366,319

Other Expenses $273,038

TOTAL EXPENSES $448,725

Year-over-Year Comparison

	2024	2023	Change
Revenue	$418,554	$416,707	+0.0%
Expenses	$448,725	$422,340	+0.1%
Net Income	$-30,171	$-5,633	+4.4%

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

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

$62,400

Total Directors

$62,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DICK ALLOWATT	DIRECTOR	1.00	Director	$0	$0	$0
KIM PAULEY	EXECUTIVE DIRECTOR	20.00	Officer Director	$62,400	$0	$62,400
JACK CAVENDER	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALLISON RAE DASCOLI	DIRECTOR	1.00	Director	$0	$0	$0
TONI ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
KATIE SHARP FEOLA	DIRECTOR	1.00	Director	$0	$0	$0
ANNABELLE FULKS	DIRECTOR	1.00	Director	$0	$0	$0
DR RA HAMRICK II	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA HARDING	DIRECTOR	1.00	Director	$0	$0	$0
JULIE HAYMOND	SECRETARY	1.00	Officer Director	$0	$0	$0
KRISTA ABDALLA	DIRECTOR	1.00	Director	$0	$0	$0
MELODY PENDERGRASS	DIRECTOR	1.00	Director	$0	$0	$0
JILL OLIVER THORNTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
VIVIAN STRADER	TREASURER	1.00	Officer Director	$0	$0	$0
RITA COBB	DIRECTOR	1.00	Director	$0	$0	$0
LISA DOBBINS	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH NOVAK	DIRECTOR	1.00	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
2025	$418,554	$448,725	$492,237	$-30,171
2024	$416,707	$422,340	$517,703	$-5,633
2023	$350,781	$351,604	$476,501	$-823
2022	$359,600	$344,342	$435,227	$15,258
2022	$359,600	$365,529	$402,802	$-5,929
2021	$275,442	$272,318	$419,131	$3,124
2019	$332,786	$310,188	$389,974	$22,598

CHARLESTON BALLET INC