MOBILE BALLET 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

1989

Legal Domicile

Principal Officer

DAVID WALKER

Phone

2513422241

Tax Period

2024-07-01 to 2025-06-30

MOBILE BALLET INC, founded in 1989, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 8% surplus.

Mission

TO PROVIDE SUPERIOR DANCE EDUCATION, TO PRESENT QUALITY PERFORMANCES, AND TO PROMOTE THE BALLET TO THE COMMUNITY AS AN EXPRESSION OF HUMAN SPIRIT.

Program Service Accomplishments

Program 1

Expenses: $471,307 Revenue: $347,447

CONDUCT ONE FALL PERFORMANCE, FOUR NUTCRACKER PERFORMANCES, AND FOUR SPRING PERFORMANCES TO APPROXIMATELY 12,000 TOTAL GUESTS INCLUDING MEMBERS OF THE GENERAL PUBLIC, SCHOOL GROUPS AND OTHER GROUPS...

Program 2

Expenses: $495,999 Revenue: $597,654

CONDUCT AMATEUR BALLET CLASSES FOR APPROXIMATELY 305 STUDENTS BETWEEN TWO STUDIOS AND 76 CLASSES PER WEEK.

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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 (2024)

Revenue Breakdown

Contributions & Grants $310,906

Program Service Revenue $967,660

Investment Income $30,053

Other Revenue $92,775

TOTAL REVENUE $1,401,394

Expense Breakdown

Grants Paid $11,387

Salaries & Benefits $531,102

Fundraising Expenses $102,606

Program Expenses $967,306

Other Expenses $750,963

TOTAL EXPENSES $1,293,452

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,401,394	$1,206,610	+0.2%
Expenses	$1,293,452	$1,183,557	+0.1%
Net Income	$107,942	$23,053	+3.7%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MRS EDIE TERRESON	PRESIDENT	2.00	Officer Director	$0	$0	$0
MRS MARY FRANCES CLARKE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MR MELVIN WASHINGTON	TREASURER	2.00	Officer Director	$0	$0	$0
MR DAVID WALKER	SECRETARY	2.00	Officer Director	$0	$0	$0
MR ROBERT ADAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
MRS VIRGINIA BRIDGES	BOARD MEMBER	1.00	Director	$0	$0	$0
MRS CASSAUNDRA BURKS	BOARD MEMBER	1.00	Director	$0	$0	$0
MR OLIVER CHARLES	BOARD MEMBER	1.00	Director	$0	$0	$0
MRS CAITLIN CRAIG	BOARD MEMBER	1.00	Director	$0	$0	$0
MRS ASHTON C HENNIG	BOARD MEMBER	1.00	Director	$0	$0	$0
MRS ASHLEY L JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
MR STEPHEN L KLIMJACK	BOARD MEMBER	1.00	Director	$0	$0	$0
MRS TRACEY LANE	BOARD MEMBER	1.00	Director	$0	$0	$0
DR BRITTNEY LAUGHLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MRS YVONNE MATTHEWS	BOARD MEMBER	1.00	Director	$0	$0	$0
DR ANDREA MCMURPHY	BOARD MEMBER	1.00	Director	$0	$0	$0
DR JILL RINGOLD	BOARD MEMBER	1.00	Director	$0	$0	$0
MRS AMY THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MRS APRIL VORIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MRS LEPRET WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
DR FELICIA L WILSON	BOARD MEMBER	1.00	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	$1,401,394	$1,293,452	$1,941,123	$107,942
2024	No data	No data	No data	No data
2023	$1,091,438	$1,076,430	$1,417,901	$15,008
2022	$1,299,910	$898,971	$927,461	$400,939
2021	$724,852	$716,083	$569,537	$8,769
2020	$893,504	$890,764	$503,831	$2,740
2019	$982,940	$991,301	$453,803	$-8,361
2018	$820,382	$970,151	$480,414	$-149,769