BALLET & FRIENDS DBA PHOENIX BALLET (EIN 860630407) - 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

1989

Legal Domicile

Principal Officer

STERLING MANN

Tax Period

2024-01-01 to 2024-12-31

BALLET & FRIENDS DBA PHOENIX BALLET, founded in 1989, is a small nonprofit that reported $501K in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $708K exceeded revenue, resulting in a 42% operating deficit.

Mission

TO INSPIRE AND INSTILL LOVE AND APPRECIATION FOR CLASSICAL BALLET AND DANCE INCLUDING BUT NOT LIMITED TO, PRODUCING ANNUAL PERFORMANCES AND PROVIDING FREE ADMISSION TO VETERANS AND UNDERPRIVILEGED FAMILES.

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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 $11,081

Program Service Revenue $489,499

Investment Income $0

Other Revenue $0

TOTAL REVENUE $500,580

Expense Breakdown

Grants Paid $875

Salaries & Benefits $94,455

Fundraising Expenses $0

Program Expenses $708,346

Other Expenses $613,016

TOTAL EXPENSES $708,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$500,580	$330,390	+0.5%
Expenses	$708,346	$572,124	+0.2%
Net Income	$-207,766	$-241,734	-0.1%

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

N/A

Employees

Volunteers

127

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
STERLING MANN	Director	Director	$0	$0	$0
SLAWOMIR WOZNIAK	Director	Director	$0	$0	$0
IRENA WOZNIAK	Director	Director	$0	$0	$0
SHERRY KNACKERT	Director	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
2024	$500,580	$708,346	$315,346	$-207,766
2023	$330,390	$572,124	$532,050	$-241,734
2022	$913,951	$489,786	$763,402	$424,165
2021	$315,220	$225,596	$347,225	$89,624
2019	$513,883	$396,659	$425,857	$117,224
2018	$452,316	$369,371	$305,300	$82,945

BALLET & FRIENDS DBA PHOENIX BALLET