GOLDEN STATE BALLET FOUNDATION (EIN 870841342) - 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

2022

Legal Domicile

Principal Officer

RAUL SALAMANCA

Phone

6192412565

Tax Period

2023-01-01 to 2023-12-31

GOLDEN STATE BALLET FOUNDATION, founded in 2022, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO ENHANCE SOUTHERN CALIFORNIA'S ARTS SCENE BY INSTILLING A LOVE AND APPRECIATION FOR DANCE THROUGH ARTISTIC EXCELLENCE, INVIGORATING PERFORMANCES, INNOVATIVE CHOREOGRAPHY AND ENGAGING EDUCATIONAL PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $136,883

Program Service Revenue $1,106,799

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,243,682

Expense Breakdown

Grants Paid $0

Salaries & Benefits $358,625

Fundraising Expenses $0

Program Expenses $1,227,675

Other Expenses $930,963

TOTAL EXPENSES $1,289,588

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,243,682	$1,083,136	+0.1%
Expenses	$1,289,588	$1,055,354	+0.2%
Net Income	$-45,906	$27,782	-2.7%

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

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

$186,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAGDALENA O'NEILL	EXECUTIVE DIRECTOR	40.00	Director	$93,000	$0	$93,000
RAUL SALAMANCA	ARTISTIC DIRECTOR/ BOARD CHAIR	40.00	Director	$93,000	$0	$93,000
PATRICIA RICE	BOARD MEMBER	2.00	Director	$0	$0	$0
GLORIA COLBY	TREASURER	2.00	Director	$0	$0	$0
CAROLINE GILMAN	SECRETARY	2.00	Director	$0	$0	$0
JAVIER METOYER	BOARD MEMBER	2.00	Director	$0	$0	$0
ADAM GILMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID SHAPIRO	BOARD MEMBER	2.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,243,682	$1,289,588	$638,634	$-45,906
2022	$1,083,136	$1,055,354	$396,098	$27,782
2021	$797,791	$521,629	$380,012	$276,162

GOLDEN STATE BALLET FOUNDATION