WESTERN ARKANSAS BALLET

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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

1979

Legal Domicile

Principal Officer

CHRIS HEDRICK

Phone

4787850152

Tax Period

2023-07-01 to 2024-06-30

WESTERN ARKANSAS BALLET, founded in 1979, is a small nonprofit in the Arts, Culture & Humanities sector that reported $378K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $337K left a modest 11% surplus.

Mission

TO CREATE A COMMUNITY DEDICATED TO THE FINE ARTS THROUGH QUALITY DANCE EDUCATION, TRAINING, AND PERFORMANCE.

Program Service Accomplishments

Program 1

Expenses: $246,152 Revenue: $267,941

PROVIDE QUALITY DANCE EDUCATION TO THE COMMUNITY. THE BALLET'S DANCE SCHOOL TRAINS STUDENTS IN BALLET, POINTE, TAP, JAZZ, MODERN, ATHLETIC CONDITIONING, AND CREATIVE MOVEMENT, AND OUT DANCE COMPANY...

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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 $54,530

Program Service Revenue $267,941

Investment Income $3,151

Other Revenue $52,294

TOTAL REVENUE $377,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $168,492

Fundraising Expenses $43,768

Program Expenses $246,152

Other Expenses $168,806

TOTAL EXPENSES $337,298

Year-over-Year Comparison

	2023	2022	Change
Revenue	$377,916	$344,869	+0.1%
Expenses	$337,298	$296,605	+0.1%
Net Income	$40,618	$48,264	-0.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH BOONE	DIRECTOR	1.00	Director	$0	$0	$0
AMBER BRYANT	GUILD TREASU	1.00	Director	$0	$0	$0
CHARLA CALICOTT	GUILD CO-PRE	1.00	Director	$0	$0	$0
ASHLEY ELLIS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BEAU FORE	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA FULBRIGHT-HAYES	GUILD CO-PRE	1.00	Director	$0	$0	$0
CHRIS HEDRICK	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIE HOLLAND	TREASURER	1.00	Officer Director	$0	$0	$0
BRANDY JONES	DIRECTOR	1.00	Director	$0	$0	$0
FELICIA LYONS	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
LINDA UDOUJ	LIFE MEMBER	1.00	Director	$0	$0	$0
MELISSA VITALE	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$377,916	$337,298	$549,284	$40,618
2023	$344,869	$296,605	$461,168	$48,264
2022	$315,137	$296,633	$421,206	$18,504
2021	$291,667	$255,481	$403,193	$36,186
2020	$307,544	$285,089	$379,809	$22,455
2019	$324,054	$294,190	$354,350	$29,864