BALLET MAGNIFICAT INC (EIN 640732185) - 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

1986

Legal Domicile

Principal Officer

KEITH THIBODEAUX

Phone

6019771001

Tax Period

2025-01-01 to 2025-12-31

BALLET MAGNIFICAT INC, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2025. Expenses of $2.0M left a modest 6% surplus.

Mission

TO PROMOTE RELIGION THROUGH BALLET DANCING

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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 (2025)

Revenue Breakdown

Contributions & Grants $315,916

Program Service Revenue $1,551,307

Investment Income $169,004

Other Revenue $40,639

TOTAL REVENUE $2,076,866

Expense Breakdown

Grants Paid $34,638

Salaries & Benefits $925,616

Fundraising Expenses $5,528

Program Expenses $1,387,993

Other Expenses $993,291

TOTAL EXPENSES $1,953,545

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,076,866	$2,030,590	+0.0%
Expenses	$1,953,545	$1,963,762	0.0%
Net Income	$123,321	$66,828	+0.8%

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

N/A

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

$207,300

Total Directors

$207,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH THIBODEAUX	PRESIDENT	40.00	Officer Director	$62,575	$0	$62,575
KATHY THIBODEAUX	VICE PRESIDE	40.00	Officer Director	$62,325	$0	$62,325
BRENDA HOLDEN	SECRETARY	20.00	Officer Director	$28,600	$0	$28,600
ERIN BERGMAN	TREASURER	40.00	Officer Director	$53,800	$0	$53,800
TARA DREW	DIRECTOR	N/A	Director	$0	$0	$0
BRYCE DREW	DIRECTOR	N/A	Director	$0	$0	$0
JOHN VANDERVELDE	DIRECTOR	N/A	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	$2,076,866	$1,953,545	$2,062,338	$123,321
2024	No data	No data	No data	No data
2023	$1,942,452	$2,115,695	$1,871,603	$-173,243
2022	$1,869,547	$1,697,563	$2,044,965	$171,984
2021	$2,272,042	$1,429,603	$1,863,123	$842,439
2020	$1,313,365	$1,305,775	$895,375	$7,590
2019	$1,835,275	$1,700,264	$753,853	$135,011
2018	$1,759,887	$1,770,694	$661,429	$-10,807

BALLET MAGNIFICAT INC