Charlotte Youth Ballet Inc

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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

Heidi Keller

Phone

9176983707

Tax Period

2024-07-01 to 2025-06-30

Charlotte Youth Ballet Inc, founded in 1986, is a small nonprofit that reported $240K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $223K left a modest 7% surplus.

Mission

The Organization's primary purpose is to enrich the community through an independent, innovative, regional ballet company that provides dancers an opportunity to perform in professional-level productions. By merging youth and professionals, the organization introduces ballet to diverse audiences to foster life-long support of the arts. Each year the organization provides free weekly ballet classes for select students at a high-poverty elementary school in Charlotte. The organization provides approximately 2,000 below cost tickets to students and seniors. In addition, the organization accepts charitable donations and provides tickets to approximately 1,000 students from high poverty elementary schools per year. Through partnerships with other community groups, the organization provides 1-2 free performances each year at community events.

Program Service Accomplishments

Program 1

Expenses: $183,258

Provides student dancers an opportunity to perform in professional level productions and introduces ballet to diverse audiences to foster a lifelong support of the arts.

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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 $30,196

Program Service Revenue $209,520

Investment Income $0

Other Revenue $0

TOTAL REVENUE $239,716

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $183,258

Other Expenses $223,202

TOTAL EXPENSES $223,202

Year-over-Year Comparison

	2024	2023	Change
Revenue	$239,716	$219,201	+0.1%
Expenses	$223,202	$227,212	0.0%
Net Income	$16,514	$-8,011	-3.1%

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

N/A

Volunteers

105

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kim Ellison	Past Chair	7.00	Officer Director	$0	$0	$0
Paula Buhrer	Chair	7.00	Officer Director	$0	$0	$0
Vidhya Anandkumar	Director	1.00	Director	$0	$0	$0
Mary Darrenkamp	Director	1.00	Director	$0	$0	$0
Heidi Keller	Treasurer	1.00	Officer Director	$0	$0	$0
Kelli Gilreath	Chair-elect	1.00	Officer Director	$0	$0	$0
Katherine Distefano	Secretary	1.00	Officer Director	$0	$0	$0
Meghan Lluberas	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	$239,716	$223,202	$148,809	$16,514
2024	$219,201	$227,210	$132,297	$-8,009
2023	$219,556	$239,894	$140,306	$-20,338
2022	$279,672	$186,102	$160,644	$93,570