BALLET ARIZONA (EIN 860367773) - 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

1986

Legal Domicile

Principal Officer

JAMI KOZEMCZAK

Phone

6023810184

Tax Period

2024-07-01 to 2025-06-30

BALLET ARIZONA, founded in 1986, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $13.3M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $11.8M left a modest 11% surplus.

Mission

TO IGNITE THE HUMAN SPIRIT THROUGH THE MAGIC OF DANCE. THE ORGANIZATION ACHIEVES THIS THROUGH 6 PROFESSIONAL PRODUCTIONS PERFORMED AT SYMPHONY HALL, THE ORPHEUM THEATRE AND DESERT BOTANICAL GARDEN; CLASSES HELD BY THE SCHOOL OF BALLET ARIZONA, AND FREE AND ACCESSIBLE COMMUNITY ENGAGEMENT PROGRAMS THROUGHOUT THE VALLEY ENSURING THAT THE BEAUTY OF THIS ART FORM IS AVAILABLE FOR ALL.

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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 $5,742,587

Program Service Revenue $6,564,902

Investment Income $970,493

Other Revenue $47,156

TOTAL REVENUE $13,325,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,966,679

Fundraising Expenses $810,268

Program Expenses $8,306,827

Other Expenses $5,832,687

TOTAL EXPENSES $11,835,491

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,325,138	$10,172,411	+0.3%
Expenses	$11,835,491	$10,940,559	+0.1%
Net Income	$1,489,647	$-768,148	-2.9%

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

270

Volunteers

250

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

$285,345

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG BALL	BOARD MEMBER	1.00	Director	$0	$0	$0
KATIE BARGETTO	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA BELL	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTEN BOILINI	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLA COHEN	BOARD MEMBER	1.00	Director	$0	$0	$0
HOLLIE CRIM	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN HARDY	BOARD MEMBER	1.00	Director	$0	$0	$0
ELENI HAUPTMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA KATZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN KINSER	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN JURICHKO LOWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY ANN LUCIANO	BOARD MEMBER	1.00	Director	$0	$0	$0
VERONICA MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTEL MOSBY	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACY OLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM PALTZIK	BOARD MEMBER	1.00	Director	$0	$0	$0
GREGORY PUCKETT	BOARD MEMBER	1.00	Director	$0	$0	$0
MERLE ROSSKAM	BOARD MEMBER	1.00	Director	$0	$0	$0
MACK SCHWING	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER HOLSMAN TETREAULT	BOARD MEMBER	1.00	Director	$0	$0	$0
RUTH WHITEHEAD	BOARD MEMBER	1.00	Director	$0	$0	$0
G VAN VELSOR WOLF JR	BOARD MEMBER	1.00	Director	$0	$0	$0
BRADLEY WYATT	BOARD MEMBER	1.00	Director	$0	$0	$0
CURTISS SMITH	CHAIR	4.00	Officer Director	$0	$0	$0
PAUL HOMMERT	VICE CHAIR	4.00	Officer Director	$0	$0	$0
FREDERICK C COREY	TREASURER	4.00	Officer Director	$0	$0	$0
ASHLEY CASE	SECRETARY	4.00	Officer Director	$0	$0	$0
KATHERINE HURD	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH KIST	BOARD MEMBER	1.00	Director	$0	$0	$0
KARA MONTALVO	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE BOLAR	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIELA CARDIM	ARTISTIC DIRECTOR (ENTERED 7/24)	40.00	Officer	$100,962	$0	$100,962
JAMI KOZEMCZAK	EXECUTIVE DIRECTOR	45.00	Officer	$177,500	$6,883	$184,383
MARIA SIMONETTI	REHEARSAL & SCHOOL DIRECTOR	40.00	Highest	$112,665	$6,873	$119,538
STEVEN HENDERSON	DIRECTOR OF PHILANTHROPY	40.00	Highest	$120,000	$0	$120,000

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	$13,325,138	$11,835,491	$21,367,702	$1,489,647
2024	$10,172,411	$10,940,559	$19,231,112	$-768,148
2023	$12,721,886	$9,807,613	$19,335,570	$2,914,273
2022	$14,278,650	$8,946,421	$16,135,700	$5,332,229
2021	$6,255,701	$5,779,398	$11,465,321	$476,303
2020	$8,641,217	$7,818,329	$10,824,132	$822,888
2019	$6,961,235	$8,371,818	$9,844,216	$-1,410,583
2018	$7,904,897	$7,721,190	$10,625,753	$183,707

BALLET ARIZONA