COLORADO BALLET (EIN 846038137) - 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

1961

Legal Domicile

Principal Officer

SAMEED AFGHANI

Phone

3038378888

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

PRESENTING CLASSICAL BALLET & INNOVATIVE DANCE THAT ENHANCES THE CULTURAL LIFE OF OUR COMMUNITY.

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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 $6,481,377

Program Service Revenue $10,365,223

Investment Income $587,157

Other Revenue $161,935

TOTAL REVENUE $17,595,692

Expense Breakdown

Grants Paid $2,641,332

Salaries & Benefits $8,208,428

Fundraising Expenses $696,514

Program Expenses $13,569,752

Other Expenses $6,525,284

TOTAL EXPENSES $17,375,044

Year-over-Year Comparison

	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%

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

343

Volunteers

169

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

$554,278

Total Directors

Key Employees

$178,885

Highest Compensated

reported

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

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
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

COLORADO BALLET