HICKORY BALLET AND PERFORMING ARTS (EIN 823438309) - 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

2017

Principal Officer

LEANNA BODNAR

Phone

8289629112

Tax Period

2024-08-01 to 2025-07-31

HICKORY BALLET AND PERFORMING ARTS, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $311K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

TO INSPIRE AND EMPOWER OUR COMMUNITY THROUGH CLASSICAL BALLET AND 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 $32,569

Program Service Revenue $251,145

Investment Income $2,927

Other Revenue $24,695

TOTAL REVENUE $311,336

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,423

Fundraising Expenses $19,981

Program Expenses $254,724

Other Expenses $140,049

TOTAL EXPENSES $312,472

Year-over-Year Comparison

	2024	2023	Change
Revenue	$311,336	$266,097	+0.2%
Expenses	$312,472	$293,058	+0.1%
Net Income	$-1,136	$-26,961	-1.0%

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

N/A

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

$35,017

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEANNA BODNAR	Executive Dir.	35.00	Director	$35,017	$0	$35,017
EMILY GARMON	Secretary	0.00	Director	$0	$0	$0
JOSH WALKER	Trustee	0.00	Director	$0	$0	$0
JORDAN FALKNER	Trustee	0.00	Director	$0	$0	$0
JESSICA O'BRIEN	Trustee	0.00	Director	$0	$0	$0
BRANDON LEE	Trustee	0.00	Director	$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	$311,336	$312,472	$181,031	$-1,136
2024	$266,097	$293,058	$185,959	$-26,961
2023	$278,659	$225,460	$217,921	$53,199
2022	$222,319	$168,622	$170,721	$53,697

HICKORY BALLET AND PERFORMING ARTS