ACADEMY OF BALLET ARTS INC

EIN: 592926455 501(c)(3) Arts, Culture & Humanities

St Petersburg, FL

Total Revenue
$267,773
Total Expenses
$219,236
Total Assets
$177,911
Net Assets
$176,448
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
FL
Principal Officer
Michelle Kuusela
Phone
7273274401
Tax Period
2023-01-01 to 2023-12-31

ACADEMY OF BALLET ARTS INC, founded in 1969, is a small nonprofit in the Arts, Culture & Humanities sector that reported $268K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $49K, a strong 18% operating margin.

Mission

The mission of the Academy of Ballet Arts, Inc. is to develop the potential of each student to express his or her individual ideas and emotions through the beauty of movement. The Academy values diversity, nurtures creativity and builds community. The Academy envisions developing a direct connection with the county's residents and visitors through arts education and public performances. Through the Academy's professional curriculum and performances, young dancers will be prepared to pursue a career in the arts.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $91,648
Program Service Revenue $176,125
Investment Income $0
Other Revenue $0
TOTAL REVENUE $267,773

Expense Breakdown

Grants Paid $0
Salaries & Benefits $100,341
Fundraising Expenses $0
Program Expenses $174,443
Other Expenses $118,895
TOTAL EXPENSES $219,236

Year-over-Year Comparison

2023 2022 Change
Revenue $267,773 $219,747 +0.2%
Expenses $219,236 $171,017 +0.3%
Net Income $48,537 $48,730 0.0%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
27

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
1
$35,286
Total Directors
10
$70,546
Key Employees
1
$30,940
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michelle Kuusela Secretary/Treasurer 28
Officer Director
$35,286 $0 $35,286
Suzanne B Pomerantzeff President 20.50
Director Key Emp
$30,940 $0 $30,940
Marsha Wilson Trustee 4.75
Director
$4,320 $0 $4,320
Jocelyn Green Trustee 0.25
Director
$0 $0 $0
Gerald Watson Trustee 0.25
Director
$0 $0 $0
Jalen Williams Trustee 0.25
Director
$0 $0 $0
Tai White Trustee 0.25
Director
$0 $0 $0
Melinda Roskos Trustee 0.25
Director
$0 $0 $0
Rosie Stovall Myers Trustee 0.25
Director
$0 $0 $0
Sara Wolski Trustee 0.25
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 No data No data No data No data
2023 $267,773 $219,236 $177,911 $48,537
2022 $219,747 $171,017 $126,275 $48,730
2021 $175,734 $170,939 $84,110 $4,795
2020 $153,694 $174,898 $99,867 $-21,204
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