PETIPA HERITAGE FOUNDATION

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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

Phone

4154079811

Tax Period

2023-01-01 to 2023-12-31

PETIPA HERITAGE FOUNDATION, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $210K in total revenue in fiscal year 2023. Revenue surged 110% from the prior year, signaling strong growth momentum. Expenses of $350K exceeded revenue, resulting in a 66% operating deficit.

Mission

The Petipa Heritage Foundations mission is to preserve, reimagine and share the choreographic works of Marius Petipa and other ballet classics for generations of modern audiences; to support, educate, sponsor, and nurture artistic potential; and to recognize outstanding contributors to the art of ballet.

Program Service Accomplishments

Program 1

Expenses: $350,203

Established the Petipa Award to recognize exceptional talent and dedication to the preservation of classical ballet.Organized the inaugural Petipa Award Gala in San Francisco, which featured top...

Established the Petipa Award to recognize exceptional talent and dedication to the preservation of classical ballet.Organized the inaugural Petipa Award Gala in San Francisco, which featured top ballet dancers from world renowned companies alongside aspiring local youth. The Gala introduced the local audience to various facets of this beautiful art form.Facilitated master classes and presentations by professional dancers for local youth audiences, fostering engagement and education in classical 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 (2023)

Revenue Breakdown

Contributions & Grants $210,369

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $210,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $350,203

Other Expenses $350,203

TOTAL EXPENSES $350,203

Year-over-Year Comparison

	2023	2022	Change
Revenue	$210,369	$100,011	+1.1%
Expenses	$350,203	$14,124	+23.8%
Net Income	$-139,834	$85,887	-2.6%

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

N/A

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

$20,298

Total Directors