Ballet Theatre of Lexington Inc

EIN: 611329176 501(c)(3) Arts, Culture & Humanities

Lexington, KY

Total Revenue
$453,356
Total Expenses
$425,140
Total Assets
$358,886
Net Assets
$356,281
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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
1998
Legal Domicile
KY
Principal Officer
Brigid DeVries
Phone
8592525245
Tax Period
2023-07-01 to 2024-06-30

Ballet Theatre of Lexington Inc, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $453K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $425K left a modest 6% surplus.

Mission

Promoting interest in ballet, maintaining a professional dance company, and operating a dance school.

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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 $41,246
Program Service Revenue $405,519
Investment Income $6,465
Other Revenue $126
TOTAL REVENUE $453,356

Expense Breakdown

Grants Paid $0
Salaries & Benefits $218,557
Fundraising Expenses $8,879
Program Expenses $372,498
Other Expenses $206,583
TOTAL EXPENSES $425,140

Year-over-Year Comparison

2023 2022 Change
Revenue $453,356 $375,828 +0.2%
Expenses $425,140 $339,655 +0.3%
Net Income $28,216 $36,173 -0.2%
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

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Governance

Voting Members
14
Independent Members
14
Employees
20
Volunteers
N/A

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
3
$0
Total Directors
15
$66,366
Key Employees
2
$40,574
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brigid DeVries President/Director 0.50
Officer Director
$0 $0 $0
Rainey Hayes Vice-President/Director 0.50
Officer Director
$0 $0 $0
Sarah Robinson Treasurer/Director 0.50
Officer Director
$0 $0 $0
Danby Carter Director 0.50
Director
$0 $0 $0
Kathy Morgan Director 0.50
Director
$0 $0 $0
Paul Holbrook Director 0.50
Director
$0 $0 $0
Brienne Lowry Cox Director 0.50
Director
$0 $0 $0
Norbe Risco Director/Employee 0.50
Director Key Emp
$40,574 $0 $40,574
Sandy Robinson Director 0.50
Director
$0 $0 $0
Rafaela Risco Director/Employee 0.50
Director Key Emp
$0 $0 $0
Jennifer Reed Director/Employee 0.50
Director
$25,792 $0 $25,792
Oliver Oakley Director 0.50
Director
$0 $0 $0
Leigh Ann Castellanos Director 0.50
Director
$0 $0 $0
Cynthia Beasley Director 0.50
Director
$0 $0 $0
Susan Herren Ex Officio 0.50
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 $453,356 $425,140 $358,886 $28,216
2023 $375,828 $339,655 $331,273 $36,173
2022 $516,784 $294,557 $295,932 $222,227
2021 $219,161 $239,540 $105,500 $-20,379
2020 $352,464 $336,100 $133,927 $16,364
2019 $300,620 $338,097 $77,231 $-37,477
2018 $407,426 $347,675 $113,175 $59,751
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