Galveston Ballet

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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

1998

Legal Domicile

Principal Officer

RACHEL LANKFORD

Phone

4097638620

Tax Period

2017-09-01 to 2018-08-31

Galveston Ballet, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $106K in total revenue in fiscal year 2017.

Mission

To offer the young people of

Program Service Accomplishments

Program 1

Expenses: $26,907 Revenue: $4,159

PRODUCE VARIOUS CLASSICAL AND CONTEMPORARY PERFORMANCES AT VARIOUS COMMUNITY VENUES AND EVENTS.

Program 2

Expenses: $72,934 Revenue: $62,150

CONDUCTED DANCE CLASSES FOR VARIOUS AGES AND SKILL LEVELS.

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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 (2017)

Revenue Breakdown

Contributions & Grants $33,602

Program Service Revenue $66,309

Investment Income $9

Other Revenue $6,434

TOTAL REVENUE $106,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,870

Fundraising Expenses $0

Program Expenses $99,841

Other Expenses $61,500

TOTAL EXPENSES $111,370

Year-over-Year Comparison

	2017	2016	Change
Revenue	$106,354	$103,722	+0.0%
Expenses	$111,370	$121,752	-0.1%
Net Income	$-5,016	$-18,030	-0.7%

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

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

$46,249

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL LANKFORD	President	30.00	Officer	$0	$0	$0
STACY SELL FOULKS	Vice President	5.00	Officer	$0	$0	$0
HELEN HAYS	Secretary	5.00	Officer	$0	$0	$0
HAPPY SPILLAR	Treasurer	5.00	Officer	$0	$0	$0
RACHEL SANTOS	Building/Set Coordinator	5.00	Director	$0	$0	$0
LYNN NIGLIAZZO	Artistic Dir	10.00	Director	$0	$0	$0
AGNES ALLEGO	Director	5.00	Director	$0	$0	$0
BRENDA BRANNEN	Director	5.00	Director	$0	$0	$0
CHERI COLEMAN	Director	5.00	Director	$0	$0	$0
BRET HOWREY	Director	5.00	Director	$0	$0	$0
KRISTIN HOWREY	Director	5.00	Director	$0	$0	$0
KAREN KISLINGBURY	Director	5.00	Director	$0	$0	$0
ROBERT MIRANDA	Director	5.00	Director	$0	$0	$0
BELINDA MILLENDER	Director	5.00	Director	$0	$0	$0
MANDI SONNENFELD	Director	5.00	Director	$0	$0	$0
JANET TALBERT	Director	5.00	Director	$0	$0	$0
JUDITH GRYWALSKI	Employee	11.00	Key Emp	$17,065	$0	$17,065
JANEL AMSALLEM	Employee/Artistic Director	30.00	Key Emp Highest	$29,184	$0	$29,184

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
2018	$106,354	$111,370	$9,211	$-5,016