Cincinnati Ballet Holdings Inc (EIN 843927382) - 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

2019

Legal Domicile

Principal Officer

Joe Carolin

Phone

5138735798

Tax Period

2023-08-01 to 2024-07-31

Cincinnati Ballet Holdings Inc, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $492K in total revenue in fiscal year 2023. Expenses of $1.5M exceeded revenue, resulting in a 214% operating deficit.

Mission

The corporation is organized and shall at all times be operated exclusively for the support and benefit of the The Cincinnati Ballet Company, Inc. and Ohio nonprofit corporation recognized as tax exempt from the federal taxation under Section 501(c)(3) of the Internal Revenue Code.

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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 $0

Program Service Revenue $491,971

Investment Income $42

Other Revenue $0

TOTAL REVENUE $492,013

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,283,622

Other Expenses $1,543,826

TOTAL EXPENSES $1,543,826

Year-over-Year Comparison

	2023	2022	Change
Revenue	$492,013	$479,970	+0.0%
Expenses	$1,543,826	$1,562,373	0.0%
Net Income	$-1,051,813	$-1,082,403	0.0%

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

N/A

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

$452,222

Total Directors

$452,222

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott Altman	President - Exit 12/23	1.00	Officer Director	$0	$24,872	$299,228
Deborah S Brant - Start 0324	VP/President/CEO	1.00	Officer Director	$0	$0	$0
Joe Carolin	Treasurer	1.00	Officer Director	$0	$12,870	$152,994

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	$492,013	$1,543,826	$28,733,241	$-1,051,813
2023	$479,970	$1,562,373	$29,766,509	$-1,082,403
2022	$476,176	$1,830,694	$30,830,368	$-1,354,518
2021	$86,509	$27,817	$28,994,334	$58,692
2020	$2,520	No data	$9,601,183	No data

Cincinnati Ballet Holdings Inc