BALLET ETUDES

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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

Phone

4805582080

Tax Period

2024-07-01 to 2025-06-30

BALLET ETUDES, founded in 1986, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $213K, a strong 20% operating margin.

Mission

TEACH AND PROMOTE BALLET TO CHILDREN/YOUTH BY PROVIDING OPPORTUNITIES TO LEARN AND PERFORM BALLET. PERFORMANCES ALLOW VIEWERS TO LEARN AND APPRECIATE THE ART OF BALLET.

Program Service Accomplishments

Program 1

Expenses: $871,249

PROMOTE BALLET FOR YOUTH BY PROVIDING OPPORTUNITY TO LEARN AND PERFORM BALLET. PERFORMANCES ALLOW VIEWERS TO LEARN ANDAPPRECIATE THE ART OF BALLET.

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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 $64,350

Program Service Revenue $1,010,085

Investment Income $1,036

Other Revenue $14,020

TOTAL REVENUE $1,089,491

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $871,249

Other Expenses $875,076

TOTAL EXPENSES $876,076

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,089,491	$899,608	+0.2%
Expenses	$876,076	$761,031	+0.2%
Net Income	$213,415	$138,577	+0.5%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MEGAN GIRARD	Director	Officer	$0	$0	$0
RICK SAGAR	President	Officer	$0	$0	$0
ERIN WALSH-BEGUIN	Vice President	Officer	$0	$0	$0
TRACEY SCALZO	Treasurer	Officer	$0	$0	$0
RAKELLE SPRINGMEYER	Secretary	Officer	$0	$0	$0
KENT LAYTON	Vice President	Officer	$0	$0	$0
TRACI KING	Director	Officer	$0	$0	$0
STACY SMITH	Director	Officer	$0	$0	$0
MARC ROGERS	Director	Officer	$0	$0	$0
AMY WOLFF	Director	Officer	$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	$1,089,491	$876,076	$668,904	$213,415
2024	$899,608	$761,031	$455,489	$138,577
2023	$812,962	$719,452	$316,912	$93,510
2022	$696,367	$672,872	$223,402	$23,495
2021	$376,403	$499,223	$199,907	$-122,820
2020	$488,812	$576,759	$322,727	$-87,947