Oceanica Ballet Inc

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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

2021

Legal Domicile

Principal Officer

Henry Lowman

Phone

6503034544

Tax Period

2022-01-01 to 2022-12-31

Oceanica Ballet Inc, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $200K in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $177K left a modest 12% surplus.

Mission

Ocenica Ballet Inc.'s vision is to unite people through the shared experience of dance performance as a reflection of our complex and diverse collective humanity. Our mission is to enliven the San Francisco Bay Area cultural landscape by (1) making professional-level ballet performances accessible and relatable to Bay Area audiences; (2) enriching the artistic careers of locally-based, professionally trained dance artists of diverse ages, races, genders, sexual orientations, and body types; and (3) creating innovative new ballet-based dance works, and interpreting classics in fresh and exciting ways.

Program Service Accomplishments

Program 1

Expenses: $101,425 Revenue: $11,983

Dance Productions: the company presented 3 dance productions, featuring diverse choreographers and original works, in 12 performances to live audiences in South San Francisco, California. A small...

Dance Productions: the company presented 3 dance productions, featuring diverse choreographers and original works, in 12 performances to live audiences in South San Francisco, California. A small fraction of the costs was offset by ticket sales. Persons benefiting (attendees): 490

Program 2

Expenses: $35,650

Online Video Presentations: The company presented 2 educational dance productions, as well as previously produced videos, online for free to the public. Viewers experienced the artistic expression of the choreographers and dancers with commentary from the choreographers. Persons benefiting (online views): 1230

Program 3

Expenses: $20,925

Education/Outreach: The company presented 4 free performances at the Hiller Aviation Museum, in San Carlos, California. Persons benefiting (attendees): 200

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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 (2022)

Revenue Breakdown

Contributions & Grants $177,623

Program Service Revenue $11,983

Investment Income $10,578

Other Revenue $0

TOTAL REVENUE $200,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,212

Fundraising Expenses $0

Program Expenses $158,000

Other Expenses $44,760

TOTAL EXPENSES $176,972

Year-over-Year Comparison

	2022	2021	Change
Revenue	$200,184	$181,182	+0.1%
Expenses	$176,972	$116,937	+0.5%
Net Income	$23,212	$64,245	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Henry Lowman	CEO	8.00	Officer Director	$0	$0	$0
Karen Butcher	Secretary	8.00	Officer Director	$0	$0	$0
Sabina Perlsweig	Director	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
2022	$200,184	$176,972	$90,211	$23,212