NEW BALLET ENSEMBLE INC

EIN: 621866526 501(c)(3) Arts, Culture & Humanities

MEMPHIS, TN

Total Revenue
$1,507,388
Total Expenses
$1,911,135
Total Assets
$2,122,695
Net Assets
$1,995,574
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
TN
Principal Officer
MATTHEW BEST
Phone
9017269225
Tax Period
2024-08-01 to 2025-07-31

NEW BALLET ENSEMBLE INC, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 27% operating deficit.

Mission

BRINGING CHILDREN AND YOUTH TOGETHER BY PROVIDING A PROFESSIONAL STANDARD OF DANCE TRAINING

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $943,359
Program Service Revenue $577,982
Investment Income $5,710
Other Revenue $-19,663
TOTAL REVENUE $1,507,388

Expense Breakdown

Grants Paid $87,853
Salaries & Benefits $1,127,774
Fundraising Expenses $73,982
Program Expenses $1,620,090
Other Expenses $695,508
TOTAL EXPENSES $1,911,135

Year-over-Year Comparison

2024 2023 Change
Revenue $1,507,388 $1,905,876 -0.2%
Expenses $1,911,135 $1,799,182 +0.1%
Net Income $-403,747 $106,694 -4.8%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
15
Independent Members
15
Employees
34
Volunteers
48

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
6
$192,289
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBORAH NORTHCROSS CHAIRPERSON 1.00
Officer Director
$0 $0 $0
MARVIN DAVIS VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
KATIE FUTRELL TREASURER 1.00
Officer Director
$0 $0 $0
MALIK SMITH SECRETARY 1.00
Officer Director
$0 $0 $0
CALANDRA CLEVELAND BOARD MEMBER 1.00
Director
$0 $0 $0
ROB DELPRIORE BOARD MEMBER 1.00
Director
$0 $0 $0
AMBER FLOYD BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL GOULD BOARD MEMBER 1.00
Director
$0 $0 $0
CHASITY SHARP GRICE BOARD MEMBER 1.00
Director
$0 $0 $0
BRENT HOOKS BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN INGRAM BOARD MEMBER 1.00
Director
$0 $0 $0
DUSTIN JAMES BOARD MEMBER 1.00
Director
$0 $0 $0
NATHALIE OCCEAN BOARD MEMBER 1.00
Director
$0 $0 $0
SHAWN PAGE BOARD MEMBER 1.00
Director
$0 $0 $0
YOLANDA PARKERSON BOARD MEMBER 1.00
Director
$0 $0 $0
KATIE SMYTHE THINNES FOUNDER, CHIEF STRATEGY OFFICER 40.00
Officer
$90,076 $9,335 $99,411
MATTHEW BEST EXECUTIVE DIRECTOR 40.00
Officer
$78,995 $13,883 $92,878
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 $1,507,388 $1,911,135 $2,122,695 $-403,747
2024 $1,905,876 $1,799,182 $2,531,647 $106,694
2023 $1,542,736 $1,641,135 $2,699,964 $-98,399
2022 $1,613,011 $1,579,738 $2,810,421 $33,273
2021 $1,905,028 $1,271,509 $2,818,092 $633,519
2020 $1,699,459 $1,601,119 $2,123,124 $98,340
Explore More Nonprofits
→Top 100 Nonprofits in Tennessee →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare NEW BALLET ENSEMBLE INC with other nonprofits in Tennessee and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.