WICHITA FALLS BALLET THEATRE INC

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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

1963

Legal Domicile

Principal Officer

CAROLYN BELL PRESIDENT

Phone

9405000175

Tax Period

2024-08-01 to 2025-07-31

WICHITA FALLS BALLET THEATRE INC, founded in 1963, is a small nonprofit in the Arts, Culture & Humanities sector that reported $361K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $428K exceeded revenue, resulting in a 19% operating deficit.

Mission

BALLET PRODUCTIONS PRESENTED TO THE PUBLIC IN THE WICHITA FALLS AREA FOR THEIR ENJOYEMENT AND TO PROMOTE THE PERFORMING ARTS.

Program Service Accomplishments

Program 1

Expenses: $211,906 Revenue: $191,336

BALLET PRODUCTIONS PRESENTED TO THE PUBLIC IN THE WICHITA FALLS AREA FOR THEIR ENJOYEMENT AND TO PROMOTE THE PERFORMING ARTS.

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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 $156,810

Program Service Revenue $191,336

Investment Income $0

Other Revenue $13,113

TOTAL REVENUE $361,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,016

Fundraising Expenses $4,991

Program Expenses $211,906

Other Expenses $301,213

TOTAL EXPENSES $428,229

Year-over-Year Comparison

	2024	2023	Change
Revenue	$361,259	$419,261	-0.1%
Expenses	$428,229	$437,320	0.0%
Net Income	$-66,970	$-18,059	+2.7%

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

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

Volunteers

100

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

$87,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN FIKE	ARTISTIC DIRECTOR	20.00	Key Emp	$45,000	$0	$45,000
ABIGAIL WINGNARAJAH	EXECUTIVE DIRECTOR	20.00	Key Emp	$42,000	$0	$42,000
KRISTINA PINDELL	TREASURER	0.00	Officer	$0	$0	$0
CAROLYN BELL	PRESIDENT	0.00	Officer	$0	$0	$0
DUSTIN VAN TASSELL	VICE PRESIDENT	0.00	Officer	$0	$0	$0
ROBERT KINCHELOE	SECRETARY	0.00	Officer	$0	$0	$0
GENIE RATLIFF	BOARD MEMBER	0.00	Officer	$0	$0	$0
CAROLYN MARYLAND	BOARD MEMBER	0.00	Officer	$0	$0	$0
CHRISTINA NEUMANN	BOARD MEMBER	0.00	Officer	$0	$0	$0
MICHAEL NEUMANN	BOARD MEMBER	0.00	Officer	$0	$0	$0
BERTHA SALAZAR	BOARD MEMBER	0.00	Officer	$0	$0	$0
RACHEL KENNEDY	BOARD MEMBER	0.00	Officer	$0	$0	$0
FRANK LISA	BOARD MEMBER	0.00	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	$361,259	$428,229	$289,782	$-66,970
2024	$419,261	$437,320	$381,501	$-18,059
2023	$370,435	$455,599	$215,837	$-85,164
2022	$314,054	$440,646	$299,207	$-126,592
2021	$238,001	$266,203	$375,042	$-28,202
2020	$317,613	$262,739	$409,023	$54,874
2019	$319,050	$304,116	$228,663	$14,934