NEVADA BALLET THEATRE 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

1977

Legal Domicile

Principal Officer

BETH BARBRE

Phone

7022432623

Tax Period

2023-07-01 to 2024-06-30

NEVADA BALLET THEATRE INC, founded in 1977, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.7M in total revenue in fiscal year 2023. The organization ran a surplus of $1.2M, a strong 15% operating margin.

Mission

NEVADA BALLET THEATRE PROMOTES AND DEVELOPS INTEREST IN DANCE AND RELATED ARTS IN THE LAS VEGAS VALLEY BY ORGANIZING, PROMOTING AND PROVIDING PROFESSIONAL DANCE PRODUCTIONS, PROVIDING RECREATIONAL AND PRE-PROFESSIONAL DANCE INSTRUCTION AND PROVIDING A VARIETY OF COMMUNITY EDUCATION AND OUTREACH PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $2,860,883 Revenue: $3,024,637

NEVADA BALLET THEATRE ORGANIZES, PROMOTES AND PRESENTS ABOUT 30 PERFORMANCES OVER 5 PROGRAMS WHICH INCLUDE MIXED REPERTORY BALLETS AS WELL AS FULL-LENGTH WORKS INCLUDING THE HOLIDAY CLASSIC, THE...

NEVADA BALLET THEATRE ORGANIZES, PROMOTES AND PRESENTS ABOUT 30 PERFORMANCES OVER 5 PROGRAMS WHICH INCLUDE MIXED REPERTORY BALLETS AS WELL AS FULL-LENGTH WORKS INCLUDING THE HOLIDAY CLASSIC, THE NUTCRACKER. WITH THE MAJORITY OF PROGRAMS TAKING PLACE AT THE WORLD-CLASS SMITH CENTER FOR THE PERFORMING ARTS, NEVADA BALLET THEATRE REACHES THOUSANDS OF COMMUNITY MEMBERS ANNUALLY. IN ADDITION, NEVADA BALLET THEATRE'S PROFESSIONAL FACILITY SERVES AS A REHEARSAL SPACE.

Program 2

Expenses: $1,390,133 Revenue: $1,164,655

THE ACADEMY OF NEVADA BALLET THEATRE IS CONSIDERED THE FINEST SCHOOL FOR BALLET AND DANCE INSTRUCTION IN THE LAS VEGAS VALLEY AND IS THE ONLY BALLET SCHOOL AFFILIATED WITH A PROFESSIONAL BALLET...

THE ACADEMY OF NEVADA BALLET THEATRE IS CONSIDERED THE FINEST SCHOOL FOR BALLET AND DANCE INSTRUCTION IN THE LAS VEGAS VALLEY AND IS THE ONLY BALLET SCHOOL AFFILIATED WITH A PROFESSIONAL BALLET COMPANY. REACHING MORE THAN 300 STUDENTS, THE ACADEMY OF NEVADA BALLET THEATRE PROVIDES BOTH PRE- PROFESSIONAL AND RECREATIONAL DANCE INSTRUCTION AND SHOWCASES ITS WORK THROUGH VARIOUS STUDENT RECITAL PROGRAMS.

Program 3

Expenses: $464,417

NEVADA BALLET THEATRE'S COMMUNITY EDUCATION PROGRAM PROVIDES NOT ONLY DANCE EDUCATION PROGRAMS TO THE GENERAL PUBLIC, BUT FOCUSES ON PROVIDING DANCE INSTRUCTION FOR AT-RISK CHILDREN AT A VARIETY OF SCHOOLS AND OTHER LOCATIONS IN THE LAS VEGAS VALLEY. REACHING MORE THAN 20,000 STUDENTS ANNUALLY THROUGH A VARIETY OF INITIATIVES, THE DANCE INSTRUCTION PORTION OF THE PROGRAM CULMINATES IN ANNUAL RECITALS FEATURING MORE THAN 1,000 STUDENT PARTICIPANTS.

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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 $3,231,783

Program Service Revenue $4,189,292

Investment Income $249,009

Other Revenue $39,616

TOTAL REVENUE $7,709,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,777,738

Fundraising Expenses $511,044

Program Expenses $4,715,433

Other Expenses $3,711,961

TOTAL EXPENSES $6,531,699

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,709,700	$7,836,580	0.0%
Expenses	$6,531,699	$6,460,427	+0.0%
Net Income	$1,178,001	$1,376,153	-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

Employees

125

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

$377,827

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY NADAL	CHAIR	2.00	Officer Director	$0	$0	$0
LAURI THOMPSON	SECRETARY	2.00	Officer Director	$0	$0	$0
CRAIG CAVILEER	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN BREWER	LEGAL COUNSE	2.00	Officer Director	$0	$0	$0
AMANDA MOORE-SAUNDERS	MEMBER AT LA	2.00	Officer Director	$0	$0	$0
MEGAN RODGERS	MEMBER AT LA	2.00	Director	$0	$0	$0
MADELEINE ANDRESS	TRUSTEE	2.00	Director	$0	$0	$0
TRACI ARNOLD	TRUSTEE	2.00	Director	$0	$0	$0
LAUREN K CARTER	TRUSTEE	2.00	Director	$0	$0	$0
STACI CHESSA	TRUSTEE	2.00	Director	$0	$0	$0
UMA DESAI	TRUSTEE	2.00	Director	$0	$0	$0
CINDY DOUMANI	TRUSTEE	2.00	Director	$0	$0	$0
KRISTIN EMERY	TRUSTEE	2.00	Director	$0	$0	$0
SHERYL GOLDSTEIN	TRUSTEE	2.00	Director	$0	$0	$0
DAWN HUME	TRUSTEE	2.00	Director	$0	$0	$0
DEBRA HOOD-SMITH	TRUSTEE	2.00	Director	$0	$0	$0
DEE LADD	TRUSTEE	2.00	Director	$0	$0	$0
TODD-AVERY LENAHAN	TRUSTEE	2.00	Director	$0	$0	$0
BENJAMIN LIPMAN	TRUSTEE	2.00	Director	$0	$0	$0
SARAH O MOORE	TRUSTEE	2.00	Director	$0	$0	$0
MAGGIE PLASTER	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD PLASTER	TRUSTEE	2.00	Director	$0	$0	$0
STELLA ROY	TRUSTEE	2.00	Director	$0	$0	$0
LARRY RUVO	TRUSTEE	2.00	Director	$0	$0	$0
STEPHANIE STALLWORTH	TRUSTEE	2.00	Director	$0	$0	$0
SANDEE TIBERTI	TRUSTEE	2.00	Director	$0	$0	$0
RANDI TOPHAM	TRUSTEE	2.00	Director	$0	$0	$0
MELISA WARREN	TRUSTEE	2.00	Director	$0	$0	$0
LORI WILKINSON	TRUSTEE	2.00	Director	$0	$0	$0
DR KATE ZHONG	TRUSTEE	2.00	Director	$0	$0	$0
BETH BARBRE	PRESIDENT &	40.00	Officer	$219,178	$6,106	$225,284
ROY KAISER	ARTISTIC DIR	40.00	Highest	$136,619	$6,620	$143,239
LORIN WOLFE	CFO	40.00	Officer	$146,651	$5,892	$152,543
BROOKE WAHLQUIST	COMPANY/ARTI	40.00	Highest	$111,777	$0	$111,777

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	$7,709,700	$6,531,699	$14,405,026	$1,178,001
2023	$7,836,580	$6,460,427	$13,096,317	$1,376,153
2022	$6,401,211	$4,954,452	$11,399,340	$1,446,759
2021	$3,038,885	$2,665,566	$10,210,378	$373,319
2020	$4,974,769	$4,433,086	$10,226,364	$541,683
2019	$5,090,365	$5,559,087	$9,149,992	$-468,722
2018	$4,702,299	$5,196,802	$9,626,406	$-494,503