TULSA BALLET THEATRE INC (EIN 730667485) - 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

1956

Legal Domicile

Principal Officer

MARCELLO ANGELINI

Phone

9187496030

Tax Period

2024-06-01 to 2025-05-31

TULSA BALLET THEATRE INC, founded in 1956, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.7M in total revenue in fiscal year 2024. Net assets of $22.0M represent 30 months of operating reserves.

Mission

TO PRESERVE AND CREATE WORKS OF BALLET AND EDUCATE THROUGH TRAINING AND OUTREACH.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,261,451

Program Service Revenue $3,298,484

Investment Income $210,765

Other Revenue $-60,114

TOTAL REVENUE $8,710,586

Expense Breakdown

Grants Paid $196,180

Salaries & Benefits $3,708,547

Fundraising Expenses $442,562

Program Expenses $7,377,321

Other Expenses $5,033,308

TOTAL EXPENSES $8,938,035

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,710,586	$8,697,012	+0.0%
Expenses	$8,938,035	$8,296,875	+0.1%
Net Income	$-227,449	$400,137	-1.6%

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

347

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

$352,606

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY BARNES	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
CHERYL FORREST	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
RAMEZ HAKIM	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
LEANNE HELMERICH	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
BETTY PIRNAT	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
HANNAH ROBSON	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
GEORGIA SNOKE	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
SKIP TEEL	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
MOLLIE WILLIFORD	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
BILLIE BARNETT	CHAIR EMERTIUS	1.00	Director	$0	$0	$0
JANET SELSER	CHAIR EMERTIUS	1.00	Director	$0	$0	$0
SUSIE WELLENDORF	CHAIR EMERTIUS	1.00	Director	$0	$0	$0
ELIZABETH ABBATE	DIRECTORS	1.00	Director	$0	$0	$0
LUDI BEASLEY	DIRECTORS	1.00	Director	$0	$0	$0
LINDA BOOKER	DIRECTORS	1.00	Director	$0	$0	$0
JUSTIN CARPENTER	DIRECTORS	1.00	Director	$0	$0	$0
ANN SHANNON CASSIDY	DIRECTORS	1.00	Director	$0	$0	$0
ANNIE CHANG	DIRECTORS	1.00	Director	$0	$0	$0
ANDREA COOPER	DIRECTORS	1.00	Director	$0	$0	$0
ROBYN DEVORE	DIRECTORS	1.00	Director	$0	$0	$0
STEPHANIE FORREST	DIRECTORS	1.00	Director	$0	$0	$0
SARAH GOULD	DIRECTORS	1.00	Director	$0	$0	$0
JACQUI HAGLUND	DIRECTORS	1.00	Director	$0	$0	$0
CATE HILDEBRAND	DIRECTORS	1.00	Director	$0	$0	$0
RONNIE JOBE	DIRECTORS	1.00	Director	$0	$0	$0
DAVID KARIMIAN	DIRECTORS	1.00	Director	$0	$0	$0
JERRY LESSLEY	DIRECTORS	1.00	Director	$0	$0	$0
DEBORAH LIN	DIRECTORS	1.00	Director	$0	$0	$0
ANDREW MALATI	DIRECTORS	1.00	Director	$0	$0	$0
KERRY MALONE	DIRECTORS	1.00	Director	$0	$0	$0
CHARLOTTE MINDEMAN	DIRECTORS	1.00	Director	$0	$0	$0
NICOLE MORGAN	DIRECTORS	1.00	Director	$0	$0	$0
KATHLEEN PENCE	DIRECTORS	1.00	Director	$0	$0	$0
HILARY PENROD	DIRECTORS	1.00	Director	$0	$0	$0
FRAUKE PETERSEN	DIRECTORS	1.00	Director	$0	$0	$0
DIRK PETERSON	DIRECTORS	1.00	Director	$0	$0	$0
STEPHANIE REGAN	DIRECTORS	1.00	Director	$0	$0	$0
CATHY REID	DIRECTORS	1.00	Director	$0	$0	$0
SHERI STINSON	DIRECTORS	1.00	Director	$0	$0	$0
CRYSTAL STOVALL	DIRECTORS	1.00	Director	$0	$0	$0
LINDA STRONG	DIRECTORS	1.00	Director	$0	$0	$0
BRIAN THOMAS	DIRECTORS	1.00	Director	$0	$0	$0
JODY VIVION	DIRECTORS	1.00	Director	$0	$0	$0
RICHELLE VOTH	DIRECTORS	1.00	Director	$0	$0	$0
WALLY WHALING	DIRECTORS	1.00	Director	$0	$0	$0
EDITH WILSON	DIRECTORS	1.00	Director	$0	$0	$0
DIANA WOLFF	DIRECTORS	1.00	Director	$0	$0	$0
TERRY ZANOVICH	DIRECTORS	1.00	Director	$0	$0	$0
MARCELLO ANGELINI	CEO	59.50	Officer	$216,556	$9,371	$225,927
SCOTT BLACK	MANAGING DIRECTOR	59.50	Officer	$125,901	$778	$126,679

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	$8,710,586	$8,938,035	$23,301,224	$-227,449
2024	$8,697,012	$8,296,875	$23,092,141	$400,137
2023	$5,837,160	$7,260,365	$21,219,750	$-1,423,205
2022	$8,502,170	$6,977,382	$22,400,601	$1,524,788
2021	$4,343,586	$4,481,788	$21,390,470	$-138,202
2020	$5,081,922	$6,247,509	$21,161,742	$-1,165,587
2019	$7,013,150	$7,190,927	$22,480,384	$-177,777
2018	$5,935,495	$7,257,553	$23,701,180	$-1,322,058

TULSA BALLET THEATRE INC