PETIPA HERITAGE FOUNDATION (EIN 881992483) - 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

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.

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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

$20,298

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Yelena Panchenko	Executive Dir.	20.00	Officer Director	$18,873	$0	$18,873
Lisa Kyoto Ito So	Treasurer	10.00	Officer Director	$1,425	$0	$1,425
INNA BAYER	Director	4.00	Director	$0	$0	$0
Vasily Medvedev	Chairman	20.00	Officer Director	$0	$0	$0
Yuri Rabover	President	4.00	Officer Director	$0	$0	$0
Stanislav Feco	Director	20.00	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
2023	$210,369	$350,203	$46,053	$-139,834

PETIPA HERITAGE FOUNDATION