MIDLAND, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MIDLAND FESTIVAL BALLET is a small nonprofit in the Arts, Culture & Humanities sector that reported $960K in total revenue in fiscal year 2023. Expenses of $896K left a modest 7% surplus.
WITH A STRONG LEGACY, MIDLAND FESTIVAL BALLET (MFB) CONTINUES TO SERVE AS A BEACON OF ARTISTIC EXCELLENCE IN OUR COMMUNITY. OFFERING UNPARALLELED TRAINING TO APPROXIMATELY 200 STUDENTS, THE SCHOOL OF MIDLAND FESTIVAL BALLET CONTINUES TO THRIVE AND GROW EXPOSING STUDENTS AGES 3 THROUGH ADULT TO THE BEAUTY OF BALLET THROUGH THE FINEST TEACHING BY A PROFESSIONAL FACULTY.THE AWARD-WINNING PRE-PROFESSIONAL COMPANY IS COMPRISED OF LOCAL DANCERS SELECTED BY AUDITION AND SERVES AS THE ONLY BALLET COMPANY IN THE AREA. THE CIVIC COMPANY DELIGHTS PATRONS AND AUDIENCES BY PRESENTING TWO FULL-LENGTH BALLET PRODUCTIONS EACH SEASON WITH LIVE ACCOMPANIMENT MOST OFTEN IN PARTNERSHIP WITH WEST TEXAS SYMPHONY (E.G., THE NUTCRACKER IN DECEMBER AND A FULL-LENGTH PRODUCTION TYPICALLY HELD IN MARCH-APRIL) AT THE BEAUTIFUL WAGNER-NOEL PERFORMING ARTS CENTER.DEVOTING 15-25 HOURS WEEKLY FOR EDUCATION, PERFORMANCES, AND COMMUNITY OUTREACH, THE COMPANY BRINGS THE BEAUTY OF BALLET THROUGH OUTREACH PROGRAMMING THRO
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $959,852 | $997,249 | 0.0% |
| Expenses | $896,024 | $1,037,025 | -0.1% |
| Net Income | $63,828 | $-39,776 | -2.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RACHEL KERR RITTER | Executive Dir. | 40.00 |
Officer
|
$80,000 | $0 | $80,000 |
| JIM COLLETT | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| KARMEN HENDRIX BRYANT | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| MACKENZIE KEMP | Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SCOTT BETTON | President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| PHYLLIS PEEK | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| VIOLET SINGH | Secretary-Board | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHELLE CARRASCO CORRALES | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| JD BENTON | PAST PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL FIELDS | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| TERRILL LITTLEJOHN | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| DR PREMILA JOHNSON | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| MELISSA WICKER | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| STEWART DOREEN | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| BRITTANY JOHNSON | PRESIDENT ELECT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $959,852 | $896,024 | $278,817 | $63,828 |
| 2023 | $997,249 | $1,037,025 | $172,907 | $-39,776 |
| 2022 | $901,283 | $874,929 | $205,993 | $26,354 |
| 2021 | $529,242 | $489,541 | $220,082 | $39,701 |
| 2020 | $704,046 | $673,102 | $185,410 | $30,944 |
| 2019 | $645,881 | $651,157 | $94,742 | $-5,276 |
| 2018 | $633,720 | $606,307 | $58,219 | $27,413 |
Compare MIDLAND FESTIVAL BALLET with other nonprofits in Texas and across the country.