GREENWICH BALLET ACADEMY INC (EIN 830457933) - 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

2006

Legal Domicile

Principal Officer

PATRICIA FRANKLIN

Phone

9143054377

Tax Period

2023-01-01 to 2023-12-31

GREENWICH BALLET ACADEMY INC, founded in 2006, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $267K, a strong 23% operating margin.

Mission

GREENWICH BALLET ACADEMY WAS FOUNDED IN 2006 AND IS PROUD TO BE AMONG THE MOST PRESTIGIOUS AND HIGHLY REGARDED PRE-PROFESSIONAL CLASSICAL BALLET ACADEMIES IN THE UNITED STATES. THE ACADEMY'S MISSION IS TO NURTURE TALENTED YOUNG STUDENTS TOWARD CAREERS IN PROFESSIONAL BALLET AND OPTIMIZING COLLEGE ASPIRATIONS. THE ACADEMY TAKES GREAT CARE IN DIRECTING EACH OF ITS STUDENTS ON AN INDIVIDUAL PATH TOWARD EXCELLENCE AND WITH AN EMPHASIS ON SUPERIOR TECHNIQUE, ARTISTRY AND STAGE PRESENCE. THE ACADEMY PROMOTES THIS LEARNING IN A POSITIVE ENVIRONMENT THAT DEVELOPS NOT ONLY EXCEPTIONAL DANCE SKILLS, BUT OVERALL HEALTH, FITNESS, SELF-CONFIDENCE, AND LEADERSHIP. THE GREENWICH BALLET ACADEMY IS A NOT-FOR-PROFIT 501(C)(3) ORGANIZATION. THE ACADEMY ADMITS STUDENTS OF ANY RACE, SEX, RELIGION, NATIONAL OR ETHNIC ORIGIN AND DOES NOT DISCRIMINATE ON THE BASIS OF SUCH IN ADMINISTERING ITS POLICIES AND EDUCATIONAL PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $70,188

Program Service Revenue $1,091,401

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,161,589

Expense Breakdown

Grants Paid $0

Salaries & Benefits $441,731

Fundraising Expenses $2,256

Program Expenses $772,127

Other Expenses $452,747

TOTAL EXPENSES $894,478

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,161,589	$993,640	+0.2%
Expenses	$894,478	$767,356	+0.2%
Net Income	$267,111	$226,284	+0.2%

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

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

$88,231

Total Directors

$88,231

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA FRANKLIN	CHAIRMAN & EXECUTIVE DIRECTOR	40.00	Officer Director	$88,231	$0	$88,231
NERLYN PIERSON	SECRETARY	6.00	Officer Director	$0	$0	$0
ANGELA HO	BOARD MEMBER	1.00	Director	$0	$0	$0
MOTOKO GUELER	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB ZAPATA	TREASURER	2.00	Officer 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
2024	No data	No data	No data	No data
2023	$1,161,589	$894,478	$1,321,020	$267,111
2022	$993,640	$767,356	$1,028,926	$226,284
2021	$774,797	$728,869	$738,229	$45,928
2020	$657,307	$662,973	$670,955	$-5,666
2019	$859,126	$871,525	$680,127	$-12,399
2018	$1,030,807	$954,275	$702,797	$76,532

GREENWICH BALLET ACADEMY INC