CHARLOTTE BALLET (EIN 581314711) - 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

1977

Legal Domicile

Principal Officer

DOUG SINGLETON

Phone

7043720101

Tax Period

2024-07-01 to 2025-06-30

CHARLOTTE BALLET, founded in 1977, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $19.0M in total revenue in fiscal year 2024. Revenue surged 95% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.6M, a strong 51% operating margin.

Mission

CHARLOTTE BALLET'S MISSION: THROUGH DANCE, WE CREATE AUTHENTIC CONNECTIONS, ENGAGING AND INCLUSIVE EDUCATIONAL OPPORTUNITIES, AND TRANSFORMATIVE EXPERIENCES. CHARLOTTE BALLET'S VISION: WE INSPIRE INDIVIDUALS AND COMMUNITIES TO EXPLORE THE BOUNDLESS POTENTIAL OF THE IMAGINATION.

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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 $14,166,655

Program Service Revenue $4,314,620

Investment Income $316,891

Other Revenue $191,812

TOTAL REVENUE $18,989,978

Expense Breakdown

Grants Paid $213,217

Salaries & Benefits $4,781,359

Fundraising Expenses $1,020,781

Program Expenses $6,823,187

Other Expenses $4,276,698

TOTAL EXPENSES $9,391,274

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,989,978	$9,725,965	+1.0%
Expenses	$9,391,274	$9,099,037	+0.0%
Net Income	$9,598,704	$626,928	+14.3%

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

157

Volunteers

148

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

$592,253

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGHAN CLITHERO	TRUSTEE, BOARD CHAIR, EXECUTIVE COMMITTEE CHAIR	5.00	Officer Director	$0	$0	$0
CHRIS ULLRICH	TRUSTEE, TREASURER, FINANCE COMMITTEE CHAIR	5.00	Officer Director	$0	$0	$0
KEITH OBERKFELL	TRUSTEE	1.00	Director	$0	$0	$0
KELLY SHERMAN	TRUSTEE, PLANNING & MISSION IMPACT COMM CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER GEORGE	TRUSTEE, AUDIT COMMITTEE CHAIR	5.00	Officer Director	$0	$0	$0
ALEX FUNDERBURG	TRUSTEE, CHAIR ELECT, CAMPUS ADV COMM CO-CHAIR	5.00	Officer Director	$0	$0	$0
KATIE MORGAN	TRUSTEE, CAMPUS ADV COMM CO-CHAIR	5.00	Officer Director	$0	$0	$0
ALFRED KENDRICK	TRUSTEE	1.00	Director	$0	$0	$0
ANNA COON	TRUSTEE, INSTITUTIONAL ADVANCEMENT COMMITTEE CO-CH	1.00	Officer Director	$0	$0	$0
ASH COLEMAN	TRUSTEE	1.00	Director	$0	$0	$0
ASHLEY LARKIN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID SECREST	TRUSTEE	1.00	Director	$0	$0	$0
GIA WRIGHT	TRUSTEE	1.00	Director	$0	$0	$0
GRETCHEN ALTEROWITZ	TRUSTEE	1.00	Director	$0	$0	$0
JASON CAGLE	TRUSTEE	1.00	Director	$0	$0	$0
JOHN FITZHUGH	TRUSTEE	1.00	Director	$0	$0	$0
KATHY GIANNUZZI	TRUSTEE	1.00	Director	$0	$0	$0
KATHY PARKS	TRUSTEE	1.00	Director	$0	$0	$0
KOBI BRINSON	TRUSTEE	1.00	Director	$0	$0	$0
LARA SIMMONS NICHOLS	TRUSTEE, BOARD DEVELOPMENT COMMITTEE CHAIR	1.00	Officer Director	$0	$0	$0
LEJLA MILLER	TRUSTEE	1.00	Director	$0	$0	$0
MARGARET SWITZER	TRUSTEE	1.00	Director	$0	$0	$0
MARISSA MICHAELS	TRUSTEE	1.00	Director	$0	$0	$0
OLIVER BADGIO	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD CUEBAS	TRUSTEE	1.00	Director	$0	$0	$0
SHANNON SMITH	TRUSTEE	1.00	Director	$0	$0	$0
TRACEY WOPPERER	TRUSTEE	1.00	Director	$0	$0	$0
WATTS HAMRICK	TRUSTEE, CAMPAIGN ADVISORY COMMITTEE CHAIR	1.00	Officer Director	$0	$0	$0
LAUREN BENSON	TRUSTEE	1.00	Director	$0	$0	$0
NINA AUSTIN	TRUSTEE	1.00	Director	$0	$0	$0
KAREN BREACH-WASHINGTON	TRUSTEE, SECRETARY, GOVERNANCE COMMITTEE CHAIR	5.00	Officer Director	$0	$0	$0
KATHRYN WATTS BURLINGAME	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW BLUMENTHAL	TRUSTEE	1.00	Director	$0	$0	$0
CLAIRE RAUSCHER	TRUSTEE	1.00	Director	$0	$0	$0
DIANNE NEURAUTER	TRUSTEE	1.00	Director	$0	$0	$0
KATRICE BOLAND	TRUSTEE	1.00	Director	$0	$0	$0
KIA SWAN-MOORE	TRUSTEE	1.00	Director	$0	$0	$0
KISHA SMITH	TRUSTEE	1.00	Director	$0	$0	$0
DOUG SINGLETON	EXECUTIVE DIRECTOR	40.00	Officer	$225,371	$20,281	$245,652
ANDREA TREMBATH	DIRECTOR OF FINANCE & ADMINISTRATION	40.00	Officer	$0	$0	$0
SHANNON O'KEEFFE	DIRECTOR OF FINANCE - OUTGOING	40.00	Officer	$93,825	$3,165	$96,990
TIFFANY MURRAY	DIRECTOR OF FINANCE - OUTGOING	40.00	Officer	$22,464	$2,258	$24,722
ALEJANDRO CERRUDO	ARTISTIC DIRECTOR	40.00	Officer	$216,367	$8,522	$224,889

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	$18,989,978	$9,391,274	$35,119,951	$9,598,704
2024	$9,725,965	$9,099,037	$24,746,439	$626,928
2023	$11,634,180	$11,919,638	$23,590,028	$-285,458
2022	$8,853,680	$7,979,896	$19,775,000	$873,784
2021	$4,763,253	$4,328,833	$20,235,608	$434,420
2020	$7,089,238	$7,262,299	$18,225,086	$-173,061
2019	$7,278,947	$7,654,217	$18,852,599	$-375,270
2018	$7,016,240	$7,798,939	$18,902,034	$-782,699

CHARLOTTE BALLET