Melrose Youth Ballet

Nonprofit profile at a glance

EIN
043287442
IRS 990-EZ coverage
2021–2022
Forms available
Form 990-EZ 2022
Location
Melrose, MA, USA
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Reported finances

Revenue
$100,738
Expenses
$87,894
Assets
$70,065

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Margaret Palmisano (President)

People named in this filing

  • Margaret Palmisano (President)
  • RuthAnn Puppo (Secretary Treasurer)
  • Mary Boyle (Board of Directors)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide the opportunity for dancers 8-18 to perform in a full length ballet on stage with professional dancers and a paying audience

What it reported doing in 2022

186 dancers with varying abilities ages 8-18 performed in a full length production of THE NUTCRACKER. 2680 patrons attended our 4 shows. The dancers were from 26 communities and 37 dance studios. They all performed with professional dancers in the shows.

Operating model

Revenue model
Earned-program. 65% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.7%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 12.7%; rating input score 62; 62nd percentile among comparable filings
  • Total-asset coverage ratio: 0.8; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: 22.3% per year; rating input score 100; 77th percentile among comparable filings
  • Revenue growth: 5.8% per year; rating input score 100; 55th percentile among comparable filings
  • Asset growth: 20.2% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: 99.7% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $100K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 6 of 7 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2021 to 2022
  • Contacts: How to reach this organization
  • 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 — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
  • Review — Sustainability: Total-asset coverage ratio scored 50/100.