BALLET CONCIERTO DE PUERTO RICO INC

EIN: 660390749 501(c)(3) Arts, Culture & Humanities

SAN JUAN, PR

Total Revenue
$870,651
Total Expenses
$915,551
Total Assets
$186,592
Net Assets
$109,144
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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
PR
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 300 STUDENTS AND DURING THE YEAR PERFORM VARIOUS BALLET PRESENTATIONS

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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 (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

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Governance

Voting Members
5
Independent Members
5
Employees
21
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
0
$0
Total Directors
3
$122,800
Key Employees
0
$0
Highest Compensated
0
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
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