LONE STAR BALLET INC

EIN: 751513773 501(c)(3)

AMARILLO, TX

Total Revenue
$1,148,178
Total Expenses
$1,203,166
Total Assets
$2,547,038
Net Assets
$2,104,149
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
TX
Principal Officer
CRAIG HENDERSON
Phone
8063722463
Tax Period
2024-06-01 to 2025-05-31

LONE STAR BALLET INC, founded in 1975, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE LONE STAR BALLET, INC. IS TO PRODUCE THE ART OF DANCE, AND CONTRIBUTE TO THE EDUCATION, CULTURE AND ENTERTAINMENT OF THE PEOPLE OF TEXAS.

Program Service Accomplishments

Program 1
Expenses: $862,538 Revenue: $765,438

DANCE PERFORMANCES AND PRODUCTIONS/SHOWS EACH YEAR THERE ARE FOUR MAJOR PRODUCTIONS PRESENTED AND SEVERAL TOURING DANCE PRODUCTIONS.

Program 2
Expenses: $143,990 Revenue: $210,108

DANCE ACADEMY CLASSES HELD DURING THE YEAR IN ORDER TO TRAIN, NURTURE, AND PROMOTE AREA DANCERS AND ARTISTIC PERFORMANCES IN THE PANHANDLE OF TEXAS AND SURROUNDING AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $216,209
Program Service Revenue $587,822
Investment Income $83,435
Other Revenue $260,712
TOTAL REVENUE $1,148,178

Expense Breakdown

Grants Paid $0
Salaries & Benefits $161,473
Fundraising Expenses $28,212
Program Expenses $1,020,272
Other Expenses $1,041,693
TOTAL EXPENSES $1,203,166

Year-over-Year Comparison

2024 2023 Change
Revenue $1,148,178 $1,140,464 +0.0%
Expenses $1,203,166 $1,343,453 -0.1%
Net Income $-54,988 $-202,989 -0.7%
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

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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
12
Independent Members
12
Employees
11
Volunteers
25

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
6
$95,000
Total Directors
12
$95,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG HENDERSON EXECUTIVE DI 40.00
Officer Director
$95,000 $0 $95,000
EDDIE BOYD TREASURER 1.00
Officer Director
$0 $0 $0
CINDY BROWN SECRETARY 1.00
Officer Director
$0 $0 $0
KAREN COREA BOARD MEMBER 1.00
Director
$0 $0 $0
HEATHER FLEMING BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN ISERN BOARD MEMBER 1.00
Director
$0 $0 $0
LORENE LACER PRESIDENT 1.00
Officer Director
$0 $0 $0
BUTCH LAUFFER BOARD MEMBER 1.00
Director
$0 $0 $0
TERRY PRICE PAST PRESIDE 1.00
Officer Director
$0 $0 $0
BRICE SHEETS VICE PRESIDE 1.00
Officer Director
$0 $0 $0
ANNE THOMAS BOARD MEMBER 1.00
Director
$0 $0 $0
AUDREY WALLACE BOARD MEMBER 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 $1,148,178 $1,203,166 $2,547,038 $-54,988
2024 $1,140,464 $1,343,453 $2,562,081 $-202,989
2023 $1,265,840 $1,444,920 $2,599,177 $-179,080
2022 $1,229,506 $1,241,079 $2,855,420 $-11,573
2021 $670,761 $906,109 $3,015,778 $-235,348
2020 $1,080,125 $1,200,643 $2,950,622 $-120,518
2019 $1,421,816 $1,459,023 $2,962,440 $-37,207
2018 $1,287,531 $1,383,711 $3,052,385 $-96,180
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