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.
MIDLAND FESTIVAL BALLET IS A 501(C)3 NONPROFIT WHOSE MISSION IS TO PROMOTE AND PRESENT THE ART OF CLASSICAL BALLET THROUGH EDUCATION, PERFORMANCE, AND OUTREACH.
THE NUTCRACKER, A HOLIDAY CLASSIC, CONTINUES TO DELIGHT AUDIENCES AS A PERMIAN BASIN FAVORITE THAT FEATURES THE TALENTS OF OUR PRE-PROFESSIONAL COMPANY WHO ARE JOINED BY MIDLAND FESTIVAL BALLET'S...
THE NUTCRACKER, A HOLIDAY CLASSIC, CONTINUES TO DELIGHT AUDIENCES AS A PERMIAN BASIN FAVORITE THAT FEATURES THE TALENTS OF OUR PRE-PROFESSIONAL COMPANY WHO ARE JOINED BY MIDLAND FESTIVAL BALLET'S SCHOOL STUDENTS, AND OTHER LOCAL DANCERS AT THE WAGNER-NOEL PERFORMING ARTS CENTER. MFB'S PRODUCTION FEATURES OVER 120 DANCERS AND VOLUNTEER PERFORMERS AND REQUIRES BETWEEN 50-75 VOLUNTEERS FOR PRODUCTION SUPPORT. WE PARTNER WITH WEST TEST TEXAS SYMPHONY WHO THRILLS AUDIENCES WITH TCHAIKOVSKY'S ICONIC SCORE. JOINING OUR CAST ARE PROFESSIONAL GUEST ARTISTS FROM ORGANIZATIONS SUCH AS NEW YORK CITY BALLET, HOUSTON BALLET, COLORADO BALLET, MILWAUKEE BALLET, AND DANCE THEATRE OF HARLEM. MFBs pre-professional company presented a mixed repertoire production, A Midsummer Night's Dream at the Wagner Noel Performing Arts Center in April 2024. MFBs company was joined by professional guest artists from Texas Ballet Theatre, New Jersey Ballet and freelance artists. MFB collaborated with the West Texas Symphony for live accompaniment for this full-length production. MFB was unable to have their usual outreach performance for elementary school students.
THE SCHOOL OF MIDLAND FESTIVAL BALLET HAS A PROFESSIONAL, TALENTED FACULTY THAT EXHIBITS THE HIGHEST CALIBER OF TEACHING. THE SCHOOL OF MFB HAS GROWN TO APPROXIMATELY 200 STUDENTS FROM AGES 3 THROUGH...
THE SCHOOL OF MIDLAND FESTIVAL BALLET HAS A PROFESSIONAL, TALENTED FACULTY THAT EXHIBITS THE HIGHEST CALIBER OF TEACHING. THE SCHOOL OF MFB HAS GROWN TO APPROXIMATELY 200 STUDENTS FROM AGES 3 THROUGH ADULT WHO ARE IMMERSED IN THE CRAFT OF BALLET IN AN EDUCATIONAL AND PERSONALLY ENRICHING ENVIRONMENT. THE SCHOOL IS STRUCTURED WITH THE BELIEF THAT A LOVE FOR THE ART OF BALLET AND THE DISCIPLINE THAT GOES ALONG WITH IT TEACH THE SKILLS FOR SUCCESS IN ANY FIELD STUDENTS WANT TO PURSUE. CLASSES OCCUR FROM AUGUST THROUGH MAY AND THE YEAR CULMINATES IN A SPRING SHOWCASE WHICH WAS HELD AT THE WAGNER NOEL PAC IN MAY 2024.
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.