NEW ALBANY CHILDRENS BALLET THEATRE (EIN 571162982) - 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

2003

Legal Domicile

Principal Officer

KAREN TREMPE

Phone

6149399058

Tax Period

2024-01-01 to 2024-12-31

NEW ALBANY CHILDRENS BALLET THEATRE, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $486K in total revenue in fiscal year 2024. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $102K, a strong 21% operating margin.

Mission

TO ENCOURAGE EXCELLENCE IN DANCE THROUGH THE TEACHING AND PERFORMANCE OF BALLET, TO EDUCATE THE PUBLIC AND RAISE ITS LEVEL OF APPRECIATION OF THE ART OF DANCE, AND TO PROVIDE CHILDREN WITH THE OPPORTUNITY AND CHALLENGE TO PERFORM DANCE IN PUBLIC SETTINGS.

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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 $26,191

Program Service Revenue $447,612

Investment Income $0

Other Revenue $11,800

TOTAL REVENUE $485,603

Expense Breakdown

Grants Paid $70,212

Salaries & Benefits $139,393

Fundraising Expenses $0

Program Expenses $344,933

Other Expenses $173,939

TOTAL EXPENSES $383,544

Year-over-Year Comparison

	2024	2023	Change
Revenue	$485,603	$258,511	+0.9%
Expenses	$383,544	$339,170	+0.1%
Net Income	$102,059	$-80,659	-2.3%

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

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

$62,862

Total Directors

$62,862

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TARA MILLER	ARTISTIC DIRECTOR	20.00	Officer Director	$18,130	$0	$18,130
ELLEN SELEGUE	SECRETARY	20.00	Officer Director	$44,732	$0	$44,732
AMY BUSCH	TRUSTEE	2.00	Director	$0	$0	$0
JILL YOUNG	TRUSTEE	2.00	Director	$0	$0	$0
MARA ZIMINSKI	TRUSTEE	2.00	Director	$0	$0	$0
KAREN TREMPE	PRESIDENT	2.00	Officer Director	$0	$0	$0
SIOBHAN TWOMEY	TREASURER	2.00	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	$485,603	$383,544	$138,198	$102,059
2020	$125,828	$145,291	$63,776	$-19,463
2019	$363,072	$280,743	$85,166	$82,329
2018	$168,184	$194,982	$2,837	$-26,798

NEW ALBANY CHILDRENS BALLET THEATRE