BALLET MEMPHIS CORPORATION (EIN 621018942) - 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

1979

Legal Domicile

Principal Officer

CAROL MIRAGLIA

Phone

9017377322

Tax Period

2023-07-01 to 2024-06-30

BALLET MEMPHIS CORPORATION, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.9M in total revenue in fiscal year 2023. Expenses of $4.4M exceeded revenue, resulting in a 55% operating deficit.

Mission

BALLET MEMPHIS ASPIRES TO REVEAL AND CELEBRATE THE UNIVERSALITY OF THE HUMAN EXPERIENCE THROUGH DANCE. BALLET MEMPHIS SERVES THE REGIONAL AND NATIONAL COMMUNITY THROUGH EMBODYING THE ORGANIZATION'S VALUES FOR EXCELLENCE, AUTHENTICITY, BELONGING, AND JOY.

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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 $1,284,263

Program Service Revenue $1,269,467

Investment Income $272,019

Other Revenue $38,273

TOTAL REVENUE $2,864,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,107,160

Fundraising Expenses $101,376

Program Expenses $3,323,263

Other Expenses $2,339,220

TOTAL EXPENSES $4,446,380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,864,022	$2,662,090	+0.1%
Expenses	$4,446,380	$4,436,052	+0.0%
Net Income	$-1,582,358	$-1,773,962	-0.1%

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

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

$336,106

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELLEY SHANAMAN	CHAIR	0.00	Officer Director	$0	$0	$0
DR NEHALI PATEL	SECRETARY	0.00	Officer Director	$0	$0	$0
MAGGIE LOVELL	TREASURER	0.00	Officer Director	$0	$0	$0
ANDREA BIENSTOCK	BOARD MEMBER	0.00	Director	$0	$0	$0
JOAN SCHADT BIDDLE	BOARD MEMBER	0.00	Director	$0	$0	$0
ERIC CLAUSON	BOARD MEMBER	0.00	Director	$0	$0	$0
LEEANNE COX	BOARD MEMBER	0.00	Director	$0	$0	$0
NEIL GIBSON	BOARD MEMBER	0.00	Director	$0	$0	$0
BRETT GRINDER	BOARD MEMBER	0.00	Director	$0	$0	$0
HON RUTHIE HAGAN	BOARD MEMBER	0.00	Director	$0	$0	$0
MONICA C JONES	BOARD MEMBER	0.00	Director	$0	$0	$0
FAITH KAYE	BOARD MEMBER	0.00	Director	$0	$0	$0
SUE LAYMAN LIGHTMAN	BOARD MEMBER	0.00	Director	$0	$0	$0
ERIC MATHEWS	BOARD MEMBER	0.00	Director	$0	$0	$0
JESSICA WEBB	BOARD MEMBER	0.00	Director	$0	$0	$0
CAROL G MIRAGLIA	CHIEF ADMINISTRATIVE OFFIC	40.00	Officer	$135,914	$96	$136,010
GRETCHEN WOLLERT MCLENNON	PRESIDENT & CEO	40.00	Officer	$200,000	$96	$200,096

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	$2,864,022	$4,446,380	$33,818,476	$-1,582,358
2023	$2,662,090	$4,436,052	$34,027,733	$-1,773,962
2022	$4,251,856	$3,856,262	$34,630,248	$395,594
2021	$2,867,541	$3,459,528	$37,880,130	$-591,987
2020	$3,071,797	$4,655,982	$34,301,954	$-1,584,185
2019	$3,688,841	$4,932,442	$37,218,336	$-1,243,601
2018	$15,298,127	$5,420,794	$39,832,658	$9,877,333

BALLET MEMPHIS CORPORATION