Ballet Theatre Midwest Inc
Nonprofit profile at a glance
- EIN
- 205304706
- IRS 990 coverage
- 2012–2012
- Forms available
- Form 990 2012, Form 990-EZ 2011
- Location
- Cincinnati, OH, USA
- Phone
- 5135202334
- Rating confidence
- Limited
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $209,603
- Expenses
- $199,110
- Assets
- $56,434
- Liabilities
- $36,772
Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
8 people listed
Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To preserve the tradition of full-length classical ballet through training and performances.
What it reported doing in 2012
Presenting professionally produced performances to be enjoyed by all members of the community
Operating model
- Revenue model
- Earned-program. 83% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 92
- Accountability: 67
- Sustainability: 37
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 87.5%; rating input score 88; 23rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 5%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 0.28; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0.65; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 16.2%; rating input score 27; 27th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 9.2% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: 22.4% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 7 of 8 board members independent · 3 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $159K in reported program spending
- Leadership: top reported pay $32K · 8 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- Review — Sustainability: Operating margin scored 57/100.
- High — Sustainability: Liabilities to assets ratio scored 13/100.
- High — Sustainability: Officer compensation ratio scored 27/100.