BALLET MISSISSIPPI INC

EIN: 640674807 501(c)(3)

JACKSON, MS

Total Revenue
$675,831
Total Expenses
$589,385
Total Assets
$1,540,948
Net Assets
$559,021
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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
1983
Legal Domicile
MS
Principal Officer
DAVID KEARY
Phone
6019601560
Tax Period
2024-07-01 to 2025-06-30

BALLET MISSISSIPPI INC, founded in 1983, is a small nonprofit that reported $676K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $589K left a modest 13% surplus.

Mission

TO PROMOTE THE STUDY, UNDERSTANDING AND APPRECIATION OF BALLET AND OTHER FORMS OF DANCE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $263,546
Program Service Revenue $311,146
Investment Income $6,417
Other Revenue $94,722
TOTAL REVENUE $675,831

Expense Breakdown

Grants Paid $0
Salaries & Benefits $198,660
Fundraising Expenses $40,155
Program Expenses $447,793
Other Expenses $390,725
TOTAL EXPENSES $589,385

Year-over-Year Comparison

2024 2023 Change
Revenue $675,831 $594,526 +0.1%
Expenses $589,385 $777,664 -0.2%
Net Income $86,446 $-183,138 -1.5%
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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Governance

Voting Members
23
Independent Members
23
Employees
9
Volunteers
150

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
7
$88,945
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXIS MORRIS EVANS BOARD MEMBER 1.00
Director
$0 $0 $0
NELL KNOX BOARD MEMBER 1.00
Director
$0 $0 $0
MEGAN WEST ALLEN BOARD MEMBER 1.00
Director
$0 $0 $0
MARY LARGENT PURVIS BOARD MEMBER 1.00
Director
$0 $0 $0
MARY HELEN BOWEN IMMEDIATE PAST PRESIDENT 1.00
Director
$0 $0 $0
MARGARET TAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
LYNN WENTWORTH BOARD MEMBER 1.00
Director
$0 $0 $0
LIBBA WILKES BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA WALTERS BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN GILDER BOARD MEMBER 1.00
Director
$0 $0 $0
HOLLY MAGEE BOARD MEMBER 1.00
Director
$0 $0 $0
FREDA SPELL BOARD MEMBER 1.00
Director
$0 $0 $0
DORIS BRICKELL MEMBER EMERITUS 1.00
Director
$0 $0 $0
DEREK MILES BOARD MEMBER 1.00
Director
$0 $0 $0
CORA JEAN MILLER MEMBER EMERITUS 1.00
Director
$0 $0 $0
CLAIRE RIDGWAY BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTIN BRUNSON WILLIAMS BOARD MEMBER 1.00
Director
$0 $0 $0
BARRY PLUNKETT BOARD MEMBER 1.00
Director
$0 $0 $0
GIGI WELSH BOARD MEMBER 1.00
Director
$0 $0 $0
HEATHER WISE PRESIDENT 1.00
Officer Director
$0 $0 $0
PRENTISS FRANKLIN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOANNA ROBERTS SECRETARY 1.00
Officer Director
$0 $0 $0
KAREN TOWRY-HOLMES TREASURER 1.00
Officer Director
$0 $0 $0
DAVID A KEARY EXECUTIVE DIRECTOR 40.00
Officer
$72,765 $3,780 $76,545
CASSANDRA BURNEY WALTER EXECUTIVE DIRECTOR 40.00
Officer
$12,400 $0 $12,400
RACHAEL MORRIS EXECUTIVE DIRECTOR 40.00
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
2025 $675,831 $589,385 $1,540,948 $86,446
2024 No data No data No data No data
2023 $681,810 $610,349 $1,966,510 $71,461
2022 $994,326 $603,915 $1,960,651 $390,411
2021 $387,686 $376,903 $362,095 $10,783
2020 $478,541 $461,597 $386,457 $16,944
2019 $554,406 $523,433 $166,594 $30,973
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