DENVER, CO
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COLORADO BALLET, founded in 1961, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $17.6M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.
COLORADO BALLET'S MISSION IS TO PRESENT EXCEPTIONAL CLASSICAL BALLET AND CONTEMPORARY DANCE THROUGH PERFORMANCES, TRAINING, EDUCATION AND COMMUNITY ENGAGEMENT WHILE INSPIRING AND GROWING AN INCREASINGLY DIVERSE AUDIENCE BASE.
PERFORMANCES:UNDER THE LEADERSHIP OF ARTISTIC DIRECTOR GIL BOGGS AND HIS ARTISTIC TEAM, COLORADO BALLET COMPANY REMAINS COMMITTED TO PRODUCING THE HIGHEST QUALITY DANCE. EACH SEASON, THE COMPANY...
PERFORMANCES:UNDER THE LEADERSHIP OF ARTISTIC DIRECTOR GIL BOGGS AND HIS ARTISTIC TEAM, COLORADO BALLET COMPANY REMAINS COMMITTED TO PRODUCING THE HIGHEST QUALITY DANCE. EACH SEASON, THE COMPANY PERFORMS TECHNICALLY CHALLENGING CLASSICAL BALLET AS WELL AS INNOVATIVE CONTEMPORARY PREMIERES. THE COMPANY'S 40 PROFESSIONAL DANCERS COME FROM ALL OVER THE WORLD, INCLUDING JAPAN, CANADA, FRANCE, COLOMBIA, AND THE UNITED STATES. ADDITIONALLY, THE STUDIO COMPANY PROVIDES BETWEEN 20 AND 25 YOUNG DANCERS WITH TRAINING AND PERFORMANCE OPPORTUNITIES AS A START TO A PROFESSIONAL CAREER IN BALLET.
EDUCATION AND ACADEMY:COLORADO BALLET ENHANCES THE CULTURAL LIFE OF COLORADO THROUGH EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS. OUR TEAM OFFERS DANCE EDUCATION VIA AFTER-SCHOOL PROGRAMS, IN-SCHOOL...
EDUCATION AND ACADEMY:COLORADO BALLET ENHANCES THE CULTURAL LIFE OF COLORADO THROUGH EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS. OUR TEAM OFFERS DANCE EDUCATION VIA AFTER-SCHOOL PROGRAMS, IN-SCHOOL ASSEMBLIES, STUDENT MATINEES, LIVE STREAM PERFORMANCES, DANCE TECHNIQUE, ARTS INTEGRATION, STEAM WORKSHOPS, ACCESSIBILITY PROGRAMS, ADULT EDUCATION, AND EDUCATOR PROFESSIONAL DEVELOPMENT. OUR MISSION IS SIMPLE - EVERY. BODY. DANCE! PROGRAMS ARE OFFERED TO STUDENTS AND COMMUNITY MEMBERS LEAST LIKELY TO ACCESS DANCE INDEPENDENTLY AND FOR WHOM IT COULD HAVE THE GREATEST IMPACT, WITH THE INTENTION TO BRING DIVERSE COMMUNITIES TOGETHER TO OVERCOME REAL AND PERCEIVED BARRIERS. (CONTINUED ON SCHEDULE O)COLORADO BALLET'S EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS MADE APPROXIMATELY 69,000 COMMUNITY CONTACTS DURING THE 2024-2025 SEASON AND 3,000 SCHOOLS AND ORGANIZATIONS WERE REACHED NATIONWIDE. WE AWARDED $133,000 IN NEED-BASED SCHOLARSHIPS. AS THE PREMIER BALLET TRAINING INSTITUTION IN THE STATE, THE RAYDEAN ACEVEDO COLORADO BALLET ACADEMY (CBA) PROVIDES PROFESSIONAL CLASSICAL BALLET TRAINING AND MENTORSHIP. THROUGHOUT THE YEAR, CBA ALSO OFFERS DANCE CLASSES IN OTHER STYLES, WORKSHOPS, AUDITIONS, AND SUMMER PROGRAMS FOR ALL LEVELS. UNDER THE GUIDANCE OF ACADEMY DIRECTOR ERICA FISCHBACH, CBA ACTIVELY FOSTERS A POSITIVE LEARNING ENVIRONMENT THAT EMPOWERS APPROXIMATELY 1,500 STUDENTS ANNUALLY TO FREELY AND CREATIVELY EXPRESS THEMSELVES WHILE CULTIVATING THEIR TECHNIQUE AND MUSICALITY. THE CURRICULUM IS GROUNDED IN CLASSICAL BALLET TRAINING WITH ELEMENTS OF THE RUSSIAN, FRENCH AND ITALIAN SCHOOLS. THE RESULT OF THIS TRAINING IS SEASONED DANCERS WHO THRIVE PROFESSIONALLY UNDER THE DIVERSE CHOREOGRAPHIC DEMANDS OF DANCERS TODAY. CBA STUDENTS COME FROM A VARIETY OF BACKGROUNDS, AGES, AND LEVELS WITH UNIQUE GOALS AND ASPIRATIONS. TO LOWER THE BARRIER TO ACCESS TRAINING AT CBA, SCHOLARSHIPS ARE AWARDED TO DESERVING AND TALENTED STUDENTS WHO WOULD NOT OTHERWISE HAVE THE OPPORTUNITY TO PURSUE A DANCE EDUCATION. ACADEMY STUDENTS COMPETE EACH YEAR AT THE YOUTH AMERICA GRAND PRIX (YAGP), AN INTERNATIONAL BALLET COMPETITION. LAST SEASON, 15 ACADEMY STUDENTS WENT ON TO THE INTERNATIONAL FINALS, AND AN ACADEMY ENSEMBLE PLACED THIRD. THE ACADEMY AWARDED $204,000 IN SCHOLARSHIPS TO DESERVING STUDENTS DURING THE 2024-2025 SEASON.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $17,595,692 | $14,093,004 | +0.2% |
| Expenses | $17,375,044 | $15,667,847 | +0.1% |
| Net Income | $220,648 | $-1,574,843 | -1.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| GLENN BOGGS | ARTISTIC DIRECTOR | 40.00 |
Officer
|
$313,939 | $28,961 | $342,900 |
| SAMEED AFGHANI | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$208,998 | $2,380 | $211,378 |
| KAREN SUMNER THRU DEC '24 | CHIEF ADVANCEMENT OFFICER | 40.00 |
Key Emp
|
$173,303 | $5,582 | $178,885 |
| RACHEL PEREZ | DIRECTOR OF MARKETING & COMMUNICATIONS | 40.00 |
Highest
|
$116,711 | $10,382 | $127,093 |
| ERICA FISCHBACH | DIRECTOR OF ACADEMY | 44.28 |
Highest
|
$109,465 | $13,482 | $122,947 |
| JANINA FALIK | DIRECTOR OF ACCOUNTING | 41.19 |
Highest
|
$105,963 | $7,101 | $113,064 |
| MICHELLE MOORMAN APPLEGATE | BOARD CO-CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRENT BACKES | FINANCE CO-CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CURT HOCKEMEIER | FINANCE CO-CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| GEOFF LONG | BOARD CO-CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOANNE ZBOYAN- EDUCATION | COMMUNITY ENGAGEMENT CO-CHAIR/TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MERRY LOGAN | EMERITUS LIAISON/TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| ALYSON GRAVES | ADVANCEMENT CO-CHAIR/TRUST | 2.00 |
Director
|
$0 | $0 | $0 |
| DOUGLAS RICHARDS | ADVANCEMENT CO-CHAIR/TRUST | 2.00 |
Director
|
$0 | $0 | $0 |
| CHRISTINA RAYA | LONG RANGE PLANNING CO-CHAIR/TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| RAYDEAN ACEVEDO | ACADEMY CO-CHAIR/TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| HOLLY BAROWAY | ACADEMY CO-CHAIR/TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| RICHARD KYLBERG | MARKETING CO-CHAIR/TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM HARTMAN | MARKETING CO-CHAIR/TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL KORENBLAT | BOARD GOVERNANCE CO-CHAIR/TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| BERNEE STROM | BOARD GOVERNANCE CO-CHAIR/TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH KATKIN | LONG-RANGE PLANNING CO-CHAIR/TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| DENISE SANDERSON | ADVANCEMENT CO-CHAIR/TRUST | 2.00 |
Director
|
$0 | $0 | $0 |
| SUSAN BAILEY | TRUSTEE | 0.25 |
Director
|
$0 | $0 | $0 |
| HEATHER BEISER | TRUSTEE | 0.25 |
Director
|
$0 | $0 | $0 |
| ANN FRICK | TRUSTEE | 0.25 |
Director
|
$0 | $0 | $0 |
| KAYE FERRY | TRUSTEE | 0.25 |
Director
|
$0 | $0 | $0 |
| ANNE M HILLARY | TRUSTEE | 0.25 |
Director
|
$0 | $0 | $0 |
| JANE NETZORG | TRUSTEE | 0.25 |
Director
|
$0 | $0 | $0 |
| EMILY GARNETT | TRUSTEE | 0.25 |
Director
|
$0 | $0 | $0 |
| VICTORIA PHARES | TRUSTEE | 0.25 |
Director
|
$0 | $0 | $0 |
| CHERI RUBIN | TRUSTEE | 0.25 |
Director
|
$0 | $0 | $0 |
| RICHARD SAUNDERS | TRUSTEE | 0.25 |
Director
|
$0 | $0 | $0 |
| SUZAN SCHLATTER | TRUSTEE | 0.25 |
Director
|
$0 | $0 | $0 |
| BRAD SONNENBERG | TRUSTEE | 0.25 |
Director
|
$0 | $0 | $0 |
| NANCY STEVENS | TRUSTEE | 0.25 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $17,595,692 | $17,375,044 | $19,500,154 | $220,648 |
| 2024 | $14,093,004 | $15,667,847 | $18,331,057 | $-1,574,843 |
| 2023 | $15,682,057 | $13,084,155 | $19,078,285 | $2,597,902 |
| 2022 | $15,572,511 | $11,179,565 | $17,371,556 | $4,392,946 |
| 2021 | $6,810,806 | $4,783,468 | $12,835,924 | $2,027,338 |
| 2020 | $9,808,216 | $9,393,810 | $10,776,318 | $414,406 |
| 2019 | $10,705,778 | $9,579,548 | $9,653,805 | $1,126,230 |
| 2018 | $8,832,061 | $8,175,994 | $8,139,887 | $656,067 |
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