MIAMI HISPANIC BALLET CORP

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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

1993

Legal Domicile

Principal Officer

ERIBERTO JIMENEZ

Phone

7862780474

Tax Period

2022-01-01 to 2022-12-31

MIAMI HISPANIC BALLET CORP, founded in 1993, is a small nonprofit in the Arts, Culture & Humanities sector that reported $488K in total revenue in fiscal year 2022. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $557K exceeded revenue, resulting in a 14% operating deficit.

Mission

CULTURAL DEVELOPMENT OF BALLET AND GENERAL DANCE AND PERFORMANCES.

Program Service Accomplishments

Program 1

The Organization runs the operations of the Miami Hispanic Cultural Arts Center and produces annually the International Ballet Festival of Miami, bringing to Miami over 20 professional ballet and...

The Organization runs the operations of the Miami Hispanic Cultural Arts Center and produces annually the International Ballet Festival of Miami, bringing to Miami over 20 professional ballet and contemporary companies to perform at several venues throughout Broward and Miami Dade counties.

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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 (2022)

Revenue Breakdown

Contributions & Grants $488,429

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $488,429

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $557,104

TOTAL EXPENSES $557,104

Year-over-Year Comparison

	2022	2021	Change
Revenue	$488,429	$386,433	+0.3%
Expenses	$557,104	$424,354	+0.3%
Net Income	$-68,675	$-37,921	+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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIBERTO JIMENEZ	PRESIDENT	N/A	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
2022	$488,429	$557,104	$1,902,186	$-68,675
2021	$386,433	$424,354	$1,878,287	$-37,921
2020	$517,596	$384,990	$1,909,088	$132,606