BALLET ARTS FOUNDATION (EIN 860557264) - 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

GUSTAVO CORTE

Phone

5209031445

Tax Period

2024-08-01 to 2025-07-31

BALLET ARTS FOUNDATION, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. The organization ran a surplus of $288K, a strong 18% operating margin.

Mission

BALLET TUCSON PROVIDES LOCAL AND INTERNATIONAL ARTISTRY OF THE HIGHEST CALIBER THROUGH PROFESSIONAL PERFORMANCES, DANCE TRAINING, ARTS IN EDUCATION OPPORTUNITIES AND COMMUNITY OUTREACH.

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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 $603,241

Program Service Revenue $955,880

Investment Income $37

Other Revenue $6,210

TOTAL REVENUE $1,565,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $586,498

Fundraising Expenses $38,012

Program Expenses $1,083,535

Other Expenses $690,624

TOTAL EXPENSES $1,277,122

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,565,368	$1,482,443	+0.1%
Expenses	$1,277,122	$1,258,185	+0.0%
Net Income	$288,246	$224,258	+0.3%

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

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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET MULLIN	ARTISTIC DIRECTOR	40.00	Officer	$60,000	$0	$60,000
JIM ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS ELLIOT	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT FORTUNO	DIRECTOR	1.00	Director	$0	$0	$0
THALIA ROOT	DIRECTOR	1.00	Director	$0	$0	$0
VIVIAN SCHWAB	DIRECTOR	1.00	Director	$0	$0	$0
KAREN SIVERT	DIRECTOR	1.00	Director	$0	$0	$0
CAROL STURMAN	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA VALTON	DIRECTOR	1.00	Director	$0	$0	$0
ANNE ELSBERRY	PRESIDENT	1.00	Officer Director	$0	$0	$0
GUSTAVO CORTE	VICE PRESIDENT, PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
SHERI FREY	TREASURER	1.00	Officer Director	$0	$0	$0
ELIZABETH MIKESELL	SECRETARY	1.00	Officer 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	$1,565,368	$1,277,122	$1,995,954	$288,246
2024	$1,482,443	$1,258,185	$1,718,814	$224,258
2023	$1,335,501	$1,109,834	$1,530,565	$225,667
2022	$1,482,313	$907,924	$1,319,693	$574,389
2021	$354,114	$237,606	$201,706	$116,508
2020	$585,406	$671,494	$100,793	$-86,088
2019	$772,424	$726,150	$118,349	$46,274

BALLET ARTS FOUNDATION