BALLET SPARTANBURG INC (EIN 570658124) - 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

1966

Legal Domicile

Principal Officer

TERESA BERLINE

Phone

8645830339

Tax Period

2024-07-01 to 2025-06-30

BALLET SPARTANBURG INC, founded in 1966, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

BALLET SPARTANBURG ENRICHES, EDUCATES AND INSPIRES LIVES THROUGH PRESENTING THE ONLY PROFESSIONAL BALLET PRODUCTIONS IN THE COMMUNITY. THESE PRODUCTIONS INCLUDE DANCERS FROM BALLET SPARTANBURG'S PROFESSIONAL COMPANY, DANCERS FROM THE CENTER FOR DANCE EDUCATION AND GUEST ARTISTS.

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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 $602,705

Program Service Revenue $546,255

Investment Income $17,107

Other Revenue $0

TOTAL REVENUE $1,166,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $608,012

Fundraising Expenses $131,808

Program Expenses $831,807

Other Expenses $569,625

TOTAL EXPENSES $1,177,637

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,166,067	$989,943	+0.2%
Expenses	$1,177,637	$1,052,143	+0.1%
Net Income	$-11,570	$-62,200	-0.8%

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

110

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

$83,383

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERESA BERLINE	EXECUTIVE DI	40.00	Officer	$83,383	$0	$83,383
DENISE BEERS-KIEPPER	MEMBER	1.00	Director	$0	$0	$0
KENT BRANNON	MEMBER	1.00	Director	$0	$0	$0
KELAN BROWN	MEMBER	1.00	Director	$0	$0	$0
MARQUICE CLARK	MEMBER	1.00	Director	$0	$0	$0
KAY COX	MEMBER	1.00	Director	$0	$0	$0
BRIAN ENLOW	MEMBER	1.00	Director	$0	$0	$0
ROBERT MICHAEL ETHRIDGE	VICE PRESIDE	1.00	Director	$0	$0	$0
SYREETA GREENE	MEMBER	1.00	Director	$0	$0	$0
ANGELA HALSTEAD	PAST PRESIDE	1.00	Director	$0	$0	$0
GEORGE BRANDT III	MEMBER	1.00	Director	$0	$0	$0
FRANCES KRYDYNSKI	MEMBER	1.00	Director	$0	$0	$0
KENNY LAWRENCE	MEMBER	1.00	Director	$0	$0	$0
CHI LIM	MEMBER	1.00	Director	$0	$0	$0
ELIZABETH LOWNDES	MEMBER	1.00	Director	$0	$0	$0
GRIFFIN LITTLEJOHN LYNCH	MEMBER	1.00	Director	$0	$0	$0
JULIA MANELLO	SECRETARY	1.00	Director	$0	$0	$0
MARGARETTE B MILLER	MEMBER	1.00	Director	$0	$0	$0
KIRA REAVES	PRESIDENT	1.00	Director	$0	$0	$0
CINDY RIDDLE	MEMBER	1.00	Director	$0	$0	$0
ROSEMARY MOODY ROBERTS	MEMBER	1.00	Director	$0	$0	$0
NATALIE ROBICHAUD	MEMBER	1.00	Director	$0	$0	$0
ROBERT RODRIGUES	TREASURER	1.00	Director	$0	$0	$0
STEPHANIE WOFFORD	MEMBER	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	$1,166,067	$1,177,637	$1,214,785	$-11,570
2024	$989,943	$1,052,143	$981,038	$-62,200
2023	$1,057,805	$872,695	$1,048,020	$185,110
2022	$819,483	$839,430	$819,790	$-19,947
2021	$556,108	$517,819	$942,304	$38,289
2020	$876,334	$772,892	$754,167	$103,442
2019	$798,371	$770,275	$622,977	$28,096

BALLET SPARTANBURG INC