LAKECITIES BALLET THEATRE

EIN: 752436470 501(c)(3) Arts, Culture & Humanities

Lewisville, TX

Total Revenue
$190,699
Total Expenses
$162,243
Total Assets
$209,850
Net Assets
$188,531
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
TX
Principal Officer
Heike Cullum
Phone
9723177987
Tax Period
2024-07-01 to 2025-06-30

LAKECITIES BALLET THEATRE, founded in 1984, is a small nonprofit in the Arts, Culture & Humanities sector that reported $191K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $162K left a modest 15% surplus.

Mission

The mission of LakeCities Ballet Theatre is to enhance the cultural life of Lewisville-area residents through the beauty and power of classical and contemporary dance; to expose children of all walks of life to the art of dance; and to provide a foundation for training and nurturing young artists.

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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 $115,666
Program Service Revenue $81,526
Investment Income $3,705
Other Revenue $-10,198
TOTAL REVENUE $190,699

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $153,043
Other Expenses $162,243
TOTAL EXPENSES $162,243

Year-over-Year Comparison

2024 2023 Change
Revenue $190,699 $210,773 -0.1%
Expenses $162,243 $189,861 -0.1%
Net Income $28,456 $20,912 +0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
48

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
4
$0
Total Directors
8
$12,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kelly Lannin Artistic Director 15
Director
$10,000 $0 $10,000
Kristin Langford Production Manager 5
Director
$2,500 $0 $2,500
Cindy Denton Marketing and Development 5
Director
$0 $0 $0
Chuck Denton Director 5
Director
$0 $0 $0
Lucy Keith Director, Guild President 15
Director
$0 $0 $0
Madison McKay Campbell Director 5
Director
$0 $0 $0
Mary Neel Director 5
Director
$0 $0 $0
Dr Cecile Storrie Director 5
Director
$0 $0 $0
Heike Cullum President 10
Officer
$0 $0 $0
Jill McKay Vice President 10
Officer
$0 $0 $0
Kelly Van Den Handel Treasureer 10
Officer
$0 $0 $0
Karen Westphal Secretary 10
Officer
$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 $190,699 $162,243 $209,850 $28,456
2024 $210,773 $189,861 $175,603 $20,912
2022 $175,393 $142,969 $166,637 $32,424
2021 $222,396 $189,278 $134,213 $33,118
2020 $146,233 $101,661 $101,095 $44,572
2019 $228,306 $249,418 $56,523 $-21,112
2018 $219,622 $234,407 $77,635 $-14,785
2017 $238,852 $193,543 $92,420 $45,309
2016 $242,027 $202,562 $47,111 $39,465
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