Cary Ballet Company (EIN 562080162) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

Kelsey Elggren

Phone

9194816509

Tax Period

2024-07-01 to 2025-06-30

Cary Ballet Company, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $355K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $327K left a modest 8% surplus.

Mission

To culturally and educationally enrich the lives of the Triangle community by presenting classical ballets, contemporary premieres, and by providing arts education enrichment opportuntities to our area's population, with intentional outreach to underserved students and residents.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $140,871

Program Service Revenue $192,018

Investment Income $21

Other Revenue $21,980

TOTAL REVENUE $354,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,347

Fundraising Expenses $3,450

Program Expenses $254,110

Other Expenses $273,322

TOTAL EXPENSES $326,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$354,890	$294,785	+0.2%
Expenses	$326,669	$292,312	+0.1%
Net Income	$28,221	$2,473	+10.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$49,280

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mariaelena Ruiz	Artistic Director	10.00	Director	$17,920	$0	$17,920
Heather Iler	Assoc. Artistic Director	10.00	Director	$14,560	$0	$14,560
Suzanne Murley	Administrative Director	18.00	Director	$16,800	$0	$16,800
Kelsey Elggren	Board of Directors	1.00	Director	$0	$0	$0
Karl Moraski	Board of Directors	1.00	Director	$0	$0	$0
Amy Gardinier	Board of Directors	15.00	Director	$0	$0	$0
Dona Lewis	Board of Directors	1.00	Director	$0	$0	$0
Ashley Duncan	Board of Directors	1.00	Director	$0	$0	$0
Brian Nunnally	Board of Directors	1.00	Director	$0	$0	$0
Kathy Jezior	Board of Directors	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	$354,890	$326,669	$63,908	$28,221
2024	$294,785	$292,312	$40,696	$2,473
2023	$286,563	$282,338	$33,390	$4,225
2022	$200,958	$201,814	$28,802	$-856

Cary Ballet Company