THE RAFFAELLA BALLET INC STROIK

EIN: 843894554 501(c)(3) Arts, Culture & Humanities

SOUTH BEND, IN

Total Revenue
$542,815
Total Expenses
$732,958
Total Assets
$12,946
Net Assets
$12,946
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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
2019
Legal Domicile
IN
Principal Officer
DUNCAN G STROIK
Phone
5742321783
Tax Period
2024-01-01 to 2024-12-31

THE RAFFAELLA BALLET INC STROIK, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $543K in total revenue in fiscal year 2024. Expenses of $733K exceeded revenue, resulting in a 35% operating deficit.

Mission

TO ORGANIZE ITSELF AS A PUBLIC CHARITY TO EMPHASIZE THE LITERARY AND ARTISTIC NATURE OF THE WRITING AND COMMISSIONING OF A LIBRETTO AND DESIGN OF THE CHOREOGRAPHY FOR AN ORIGINAL BALLET IN THE MEMORY OF AND HONORING RAFFAELLA STROIK, AN ACCOMPLISHED BALLERINA WHOSE LIFE WAS CUT ALL TOO SHORT. THE ORGANIZATION INTENDS TO HAVE THIS ORIGINAL BALLET ENHANCE THE EDUCATION OF THE PUBLIC REGARDING THE BEAUTY, POWER AND ATHLETIC NATURE OF GRACEFUL HUMAN DANCE WITH THE GOAL OF PUBLICATION AND DISTRIBUTION OF A BALLET TO HONOR RAFFAELLA'S MOTTO "BEAUTY WILL SAVE THE WORLD". FURTHER, THE ORGANIZATION IS INTENDED TO ENCOURAGE AND EDUCATE YOUNG MEN AND WOMEN WHO DANCE AND LOVE CLASSICAL MUSIC.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $510,656
Program Service Revenue $0
Investment Income $0
Other Revenue $32,159
TOTAL REVENUE $542,815

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $718,422
Other Expenses $732,958
TOTAL EXPENSES $732,958

Year-over-Year Comparison

2024 2023 Change
Revenue $542,815 N/A N/A
Expenses $732,958 N/A N/A
Net Income $-190,143 N/A N/A
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

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Governance

Voting Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GABRIELLE JOHNSON VICE PRESIDE 15.00
Officer
$0 $0 $0
DUNCAN G STROIK PRESIDENT 40.00
Officer
$0 $0 $0
RUTH STROIK SECRETARY/TR 20.00
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
2024 $542,815 $732,958 $12,946 $-190,143
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