CONTEMPORARY BALLET THEATRE INC

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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

2000

Legal Domicile

Principal Officer

LIZA SPRINGER-PEPPER

Phone

7184070857

Tax Period

2021-01-01 to 2021-12-31

CONTEMPORARY BALLET THEATRE INC, founded in 2000, is a micro nonprofit that reported $52K in total revenue in fiscal year 2021. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $163K exceeded revenue, resulting in a 212% operating deficit.

Mission

CBT RAISES HEALTH AWARENESS BY OFFERING EDUCATIONAL AND OCCUPATIONAL OPPORTUNITIES THROUGH THE ARTS IN UTILIZING BALLET INSTRUCTION AS ITS BASE. CBT FULFILLS ITS MISSION WITHIN A COOPERATIVE STRUCTURE BY A MULTICULTURAL STAFF FROM AROUND THE WORLD. CBT TARGETS ITS SERVICES PRIMARILY TO, BUT NOT LIMITED TO UNDERSERVED COMMUNITIES INCLUDING THE MENTALLY AND PHYSICALLY CHALLENGED.

Program Service Accomplishments

Program 1

Expenses: $51,240 Revenue: $25,000

CBT HAS STEADILY OFFERED FREE CLASSES AT VARIOUS LOCATIONS FOCUSING ON MENTAL, PHYSICAL, AND SPIRITUAL WELLNESS. THE CONTINUAL SCHEDULE OF SUNDAYS, THURSDAYS AND FRIDAYS CONSTITUTES NOT ONLY CLASSES, BUT WORKSHOPS, OPEN HOUSES, MEETINGS AS WELL AS MYRIAD EVENTS. THESE TIMES ALSO EMPHASIZE TRAINING FOR INTERNS IN ADDITION TO TEN DANCE/FITNESS STYLES, GYMNASTICS, ACTING, SINGING AND VISUAL ARTS. CONTEMPORARY BALLET THEATRE'S SUMMERDANCE JULY-AUGUST 2019 PROVIDED INSTRUCTIONAL CLASSES, REHEARSALS AS WELL AS TASKS TUESDAYS THROUGH THURSDAYS AT JCC GERARD R. CARTER CENTER WITHIN 2PM-6PM JULY AND AUGUST FOR NEARLY 100 OF THOSE INTERESTED IN PARTICIPATING ONSTAGE AND OFFSTAGE IN "CAROLINA." THE CARTER CENTER IS AMIDST THE STAPLETON HOUSING DEVELOPMENT.

Program 2

Expenses: $26,394 Revenue: $5,000

YEAR-ROUND ARTS IN EDUCATION (AIE) AND HEALTH THROUGH ARTS (HA) HELPS STUDENTS AND ADULTS ACQUIRE KNOWLEDGE OF AND SKILLS IN THE ARTS. THE NYS LEARNING STANDARDS FOR THE ARTS AND THE NYC BLUEPRINT...

YEAR-ROUND ARTS IN EDUCATION (AIE) AND HEALTH THROUGH ARTS (HA) HELPS STUDENTS AND ADULTS ACQUIRE KNOWLEDGE OF AND SKILLS IN THE ARTS. THE NYS LEARNING STANDARDS FOR THE ARTS AND THE NYC BLUEPRINT FOR TEACHING AND LEARNING IN THE ARTS ARE IMPLEMENTED. ARTS IN EDUCATION (AIE) PROVIDES SCHOOL-BASED CLASSES AND/OR LECTURES/DEMONSTRATIONS. THE INSTRUCTION IS STANDARDS-BASED, SEQUENTIAL STUDY OF DANCE THAT BEGINS IN EARLY CHILDHOOD THROUGH THE GRADES TO A COMMENCEMENT LEVEL OF ACHIEVEMENT THAT LEAD TO VOCATIONAL FULFILLMENT.

Program 3

Expenses: $81,448 Revenue: $30,000

THE EMPOWER/MOTIVAR PROGRAM (EP) USES AN INTERNSHIP MODEL IN COLLABORATION WITH OUTSIDE ORGANIZATIONS TO SUPPORT PROFESSIONAL DEVELOPMENT THROUGH THE ARTS, TECHNICAL THEATER, RETAIL/SALES...

THE EMPOWER/MOTIVAR PROGRAM (EP) USES AN INTERNSHIP MODEL IN COLLABORATION WITH OUTSIDE ORGANIZATIONS TO SUPPORT PROFESSIONAL DEVELOPMENT THROUGH THE ARTS, TECHNICAL THEATER, RETAIL/SALES, ADMINISTRATION, AND TV/FILM/VIDEO PRODUCTION EXPERIENCES. PARTICIPANTS BENEFIT FROM HANDS-ON TRAINING IN CBT DAILY OPERATIONS, PRODUCTIONS, AND OTHER ENTITIES. EMPOWER ALSO INCUBATES AS WELL AS PARTNERS WITH ENTREPRENEURIAL, BUSINESS VENTURES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $61,703

Program Service Revenue $0

Investment Income $-9,600

Other Revenue $0

TOTAL REVENUE $52,103

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,355

Fundraising Expenses $0

Program Expenses $159,082

Other Expenses $97,837

TOTAL EXPENSES $162,562

Year-over-Year Comparison

	2021	2020	Change
Revenue	$52,103	$344,925	-0.8%
Expenses	$162,562	$151,689	+0.1%
Net Income	$-110,459	$193,236	-1.6%

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

Total Directors

$63,355

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LIZA SPRINGER-PEPPER	ARTISTIC EXE	40.00	Director	$63,355	$0	$63,355
ROSARIO DIBERNARDO	BOARD CHAIR	N/A	Officer	$0	$0	$0
ROSA MARTINEZ	SECRETARY	N/A	Officer	$0	$0	$0
BARBARA PETERSON	FUNDRAISING	N/A	Officer	$0	$0	$0
ANGELA PRUDHOMME	EXEC BOARD M	N/A	Officer	$0	$0	$0
RAYMOND THOMPSON	EXEC BOARD M	N/A	Officer	$0	$0	$0
CHRISTINE WILLIAMS	TREASURER	N/A	Officer	$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
2021	$52,103	$162,562	$228,344	$-110,459
2020	$344,925	$151,689	$199,515	$193,236