High Point Ballet (EIN 561631225) - 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

1988

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

High Point Ballet, founded in 1988, is a small nonprofit that reported $203K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $196K left a modest 3% surplus.

Mission

To perform professional ballet and dance shows.

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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 (2023)

Revenue Breakdown

Contributions & Grants $22,000

Program Service Revenue $180,671

Investment Income $0

Other Revenue $0

TOTAL REVENUE $202,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $180,452

Other Expenses $196,337

TOTAL EXPENSES $196,337

Year-over-Year Comparison

	2023	2022	Change
Revenue	$202,671	$238,300	-0.1%
Expenses	$196,337	$230,489	-0.1%
Net Income	$6,334	$7,811	-0.2%

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

N/A

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

Total Directors

$32,420

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gary Taylor	Artistic Director	20.00	Director	$19,270	$0	$19,270
Christine Fowle	Image & Design Consultant	10.00	Director	$13,150	$0	$13,150
Carol Johnson	At Large	5.00	Director	$0	$0	$0
Ronnie Dean	At Large	5.00	Director	$0	$0	$0
Rita Taylor	Executive Director	20.00	Director	$0	$0	$0
Gene Johnson	HP Arts Council Liaison	10.00	Director	$0	$0	$0
Allyson Dean	President	5.00	Officer Director	$0	$0	$0
Shelia Morris	Secretary Treasurer	5.00	Officer 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	$202,671	$196,337	$3,814	$6,334
2023	$238,300	$230,489	$5,942	$7,811
2022	$195,663	$200,671	$5,150	$-5,008
2021	$135,039	$223,204	$676	$-88,165
2020	$173,631	$169,947	$21,541	$3,684
2019	$209,518	$214,964	$935	$-5,446
2019	$209,518	$214,964	$935	$-5,446

High Point Ballet