THE STATE OF ALABAMA BALLET INC (EIN 630813626) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

JEREMY RETHERFORD

Phone

2053224300

Tax Period

2024-08-01 to 2025-07-31

The State of Alabama Ballet Inc, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2017.

Mission

TO PROMOTE AND FOSTER THE DEVELOPMENT OF CLASSICAL AND CONTEMPORARY BALLET THROUGH HIGH QUALITY PERFORMANCES, DANCE EDUCATION AND COMMUNITY OUTREACH.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $964,279

Program Service Revenue $1,258,616

Investment Income $31,732

Other Revenue $230,227

TOTAL REVENUE $2,484,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,354,017

Fundraising Expenses $259,522

Program Expenses $2,128,551

Other Expenses $1,348,837

TOTAL EXPENSES $2,702,854

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,484,854	$2,249,473	+0.1%
Expenses	$2,702,854	$2,458,701	+0.1%
Net Income	$-218,000	$-209,228	+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

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

250

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

$73,395

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DRENNEN BRIDGET	BOARD MEMBER	1.00	Director	$0	$0	$0
EILAND C MORGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
EVANS SUZANNE HUMPHRIES	BOARD MEMBER	1.00	Director	$0	$0	$0
GRENIER JOY	BOARD MEMBER	1.00	Director	$0	$0	$0
HASKELL WYATT	BOARD MEMBER	1.00	Director	$0	$0	$0
HEAD MARGARET	BOARD MEMBER	1.00	Director	$0	$0	$0
HILL JAMIE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHNSON J	BOARD MEMBER	1.00	Director	$0	$0	$0
JONES MARY CLAYTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JORDAN RAY	BOARD MEMBER	1.00	Director	$0	$0	$0
LACEY JOHN	BOARD MEMBER	1.00	Director	$0	$0	$0
LANE JESSICA BROOKS	BOARD MEMBER	1.00	Director	$0	$0	$0
LASSITER EMILY	BOARD MEMBER	1.00	Director	$0	$0	$0
MANI DR LISA	BOARD MEMBER	1.00	Director	$0	$0	$0
MANN ALLEN BUNTING	BOARD MEMBER	1.00	Director	$0	$0	$0
MCKINNEY CANDICE	BOARD MEMBER	1.00	Director	$0	$0	$0
MILES ELIZABETH	BOARD MEMBER	1.00	Director	$0	$0	$0
MITCHELL KACY	BOARD MEMBER	1.00	Director	$0	$0	$0
NOVAK TYLER	BOARD MEMBER	1.00	Director	$0	$0	$0
O'CONNOR MAGGIE	BOARD MEMBER	1.00	Director	$0	$0	$0
PILCHER ELIZABETH	BOARD MEMBER	1.00	Director	$0	$0	$0
SANSBURY MICHAEL	BOARD MEMBER	1.00	Director	$0	$0	$0
SELFE JANE	BOARD MEMBER	1.00	Director	$0	$0	$0
SMITH GARLAND COOK	BOARD MEMBER	1.00	Director	$0	$0	$0
TUBB STACIE	BOARD MEMBER	1.00	Director	$0	$0	$0
WALLACE DR JAMES	BOARD MEMBER	1.00	Director	$0	$0	$0
WHATLEY MALLIE	BOARD MEMBER	1.00	Director	$0	$0	$0
WIGGINS OLIVIA	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAPMAN BRONWYNE	EXECUTIVE COMMITTEE MEMBER	2.00	Officer Director	$0	$0	$0
COCHRAN GLENDA	EXECUTIVE COMMITTEE MEMBER	2.00	Officer Director	$0	$0	$0
GIARDINA WARREN	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
KUBAT JESSICA	EXECUTIVE COMMITTEE MEMBER	2.00	Officer Director	$0	$0	$0
FOX TOM	EXECUTIVE COMMITTEE MEMBER	2.00	Officer Director	$0	$0	$0
VANCE AL	EXECUTIVE COMMITTEE MEMBER	2.00	Officer Director	$0	$0	$0
VOWELL SCOTT	EXECUTIVE COMMITTEE MEMBER	2.00	Officer Director	$0	$0	$0
WEISS MARY PAT	EXECUTIVE COMMITTEE MEMBER	2.00	Officer Director	$0	$0	$0
ADAMS HAILEY	TREASURER	2.00	Officer Director	$0	$0	$0
WOODALL DAVID	EXECUTIVE COMMITTEE MEMBER	2.00	Officer Director	$0	$0	$0
RETHERFORD JEREMY	PRESIDENT	2.00	Officer Director	$0	$0	$0
DRUHAN LINDSEY	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
MANN JENNIFER - PARTIAL YEAR	EXECUTIVE DIRECTOR - CURRENT	40.00	Officer	$14,645	$0	$14,645
GOODRICH MARY - PARTIAL YEAR	EXECUTIVE DIRECTOR - PREVIOUS	40.00	Officer	$58,750	$0	$58,750

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	$2,484,854	$2,702,854	$3,176,172	$-218,000
2024	$2,249,473	$2,458,701	$3,093,016	$-209,228
2023	$2,199,399	$2,401,127	$3,005,324	$-201,728
2022	$2,506,530	$2,381,449	$2,991,745	$125,081
2021	$1,733,520	$1,837,874	$3,121,760	$-104,354
2020	$1,954,061	$1,898,719	$2,951,610	$55,342
2019	$3,191,822	$1,973,734	$2,950,713	$1,218,088
2018	$1,913,291	$1,893,815	$1,891,685	$19,476

THE STATE OF ALABAMA BALLET INC