BALLET ARTS INC OF JACKSON (EIN 581313784) - 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

1978

Legal Domicile

Principal Officer

SCOTT HEIT

Phone

7314990518

Tax Period

2023-07-01 to 2024-06-30

BALLET ARTS INC OF JACKSON, founded in 1978, is a small nonprofit in the Arts, Culture & Humanities sector that reported $282K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 27% operating margin.

Mission

YOUTH PERFORMANCE BALLET. NUTCRACKER IN DEC. POPULAR SHOW IN MAR. SUMMER INTENSIVE IN JUNE.

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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 $33,183

Program Service Revenue $195,071

Investment Income $4,377

Other Revenue $48,913

TOTAL REVENUE $281,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,604

Fundraising Expenses $0

Program Expenses $172,441

Other Expenses $166,839

TOTAL EXPENSES $205,443

Year-over-Year Comparison

	2023	2022	Change
Revenue	$281,544	$221,324	+0.3%
Expenses	$205,443	$202,651	+0.0%
Net Income	$76,101	$18,673	+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

Volunteers

100

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
DANIELLE COLEMAN	DIRECTOR	5.00	Director	$0	$0	$0
JANA COMPTON	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTI DAVID	ASSISTANT TR	5.00	Officer Director	$0	$0	$0
VADESSA FLACK	DIRECTOR	5.00	Director	$0	$0	$0
AMANDA HARVEY	DIRECTOR	5.00	Director	$0	$0	$0
SCOTT HEIT	TREASURER	10.00	Officer Director	$0	$0	$0
SHANNON HOPPER	DIRECTOR	5.00	Director	$0	$0	$0
MEGAN JONES	DIRECTOR	5.00	Director	$0	$0	$0
BRIAN KEMP	DIRECTOR	5.00	Director	$0	$0	$0
ERIN LEE	DIRECTOR	5.00	Director	$0	$0	$0
GARY MOORE	PRESIDENT	5.00	Officer Director	$0	$0	$0
ONTONI REEDY	SECRETARY	5.00	Officer Director	$0	$0	$0
KIM TURNER	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
KIMBERLY WHITE	DIRECTOR	5.00	Director	$0	$0	$0
BRIDGETT WRIGHT	DIRECTOR	5.00	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	No data	No data	No data	No data
2024	$281,544	$205,443	$299,948	$76,101
2023	$221,324	$202,651	$223,544	$18,673
2022	$194,046	$178,106	$191,682	$15,940

BALLET ARTS INC OF JACKSON