COLLIN COUNTY BALLET THEATRE INC (EIN 752956084) - 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

2009

Legal Domicile

Principal Officer

KIRT HATHAWAY

Phone

2144509043

Tax Period

2024-01-01 to 2024-12-31

COLLIN COUNTY BALLET THEATRE INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $101K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $174K exceeded revenue, resulting in a 72% operating deficit.

Mission

EDUCATION OF THE PUBLIC TO THE ART OF DANCING.

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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 $39,112

Program Service Revenue $71,689

Investment Income $0

Other Revenue $-9,681

TOTAL REVENUE $101,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $157,648

Other Expenses $173,990

TOTAL EXPENSES $173,990

Year-over-Year Comparison

	2024	2023	Change
Revenue	$101,120	$208,714	-0.5%
Expenses	$173,990	$142,732	+0.2%
Net Income	$-72,870	$65,982	-2.1%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIRT HATHAWAY	PRESIDENT	N/A	Officer Director	$0	$0	$0
CHARLES RANDALL WASHAM	FINANCIAL CO	N/A	Director	$0	$0	$0
JENNIFER DUNAWAY	OPERATIONS M	N/A	Officer	$0	$0	$0
LINDA HATHAWAY	1ST VICE PRE	N/A	Officer	$0	$0	$0
PAUL E HOLBROOK	2ND VICE PRE	N/A	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
2024	$101,120	$173,990	$1,230	$-72,870
2023	$208,714	$142,732	$74,100	$65,982
2022	$136,461	$121,051	$57,556	$15,410
2021	$98,310	$91,739	$42,396	$6,571

COLLIN COUNTY BALLET THEATRE INC