BALLET FOLKLORICO DE CHICAGO INCORPORATED (EIN 832379072) - 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

2018

Legal Domicile

Principal Officer

OFELIA GUERRA

Phone

7736200869

Tax Period

2024-01-01 to 2024-12-31

BALLET FOLKLORICO DE CHICAGO INCORPORATED, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $601K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $210K, a strong 35% operating margin.

Mission

The largest folkloric organization offering low-cost Mexican ballet folkloric dance lessons to children and adults in Illinois and the entire Midwest. To provide a premier Mexican Ballet Folklorico and all-inclusiVe scho

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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 $600,729

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $600,729

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $345,580

Other Expenses $388,132

TOTAL EXPENSES $391,132

Year-over-Year Comparison

	2024	2023	Change
Revenue	$600,729	$401,319	+0.5%
Expenses	$391,132	$349,804	+0.1%
Net Income	$209,597	$51,515	+3.1%

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

N/A

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
OFELIA GUERRA	EXECUTIVE DIRECTOR	008.00	Officer Director	$0	$0	$0
ANDRES OCHOA	DIRECTOR	008.00	Director	$0	$0	$0
MARIA GUERRA	DIRECTOR	008.00	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
2024	$600,729	$391,132	$262,341	$209,597
2023	$401,319	$349,804	$52,744	$51,515
2022	$206,630	$224,235	$1,229	$-17,605

BALLET FOLKLORICO DE CHICAGO INCORPORATED