BALLET CONCIERTO DE PUERTO RICO 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

2022

Legal Domicile

Phone

7877247032

Tax Period

2023-01-01 to 2023-12-31

BALLET CONCIERTO DE PUERTO RICO INC, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $871K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION PROVIDES BALLET CLASSES TO OVER 250 STUDENTS AND DURING THE YEAR PERFORMS BALLET PRODUCTIONS

Program Service Accomplishments

Program 1

Expenses: $641,556 Revenue: $312,679

DURING THE YEAR THE ORGANIZATION PERFORMED VARIOS BALLET PRESENTATIONS

Program 2

Expenses: $0 Revenue: $88,339

DURING THE YEAR THE ORGANIZATION PROVIDE BALLET CLASSES TO OVER 250 STUDENTS AND PROVIDES GRANT TO STUDENTS OF UNDERSERVE COMMUNITIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $870,651

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $870,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $298,093

Fundraising Expenses $0

Program Expenses $641,556

Other Expenses $617,458

TOTAL EXPENSES $915,551

Year-over-Year Comparison

	2023	2022	Change
Revenue	$870,651	$686,812	+0.3%
Expenses	$915,551	$647,090	+0.4%
Net Income	$-44,900	$39,722	-2.1%

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

Total Directors

$122,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA ALMODOVAR	EXECUTIVE DIRECTOR	45.00	Director	$50,900	$0	$50,900
MARITZA HERNANDEZ	ADMINISTRATOR	45.00	Director	$41,900	$0	$41,900
VICTOR GILI	ARTISTIC DIRECTOR	20.00	Director	$30,000	$0	$30,000

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
2024	No data	No data	No data	No data
2023	$870,651	$915,551	$186,592	$-44,900
2022	$686,812	$647,090	$228,161	$39,722