PHILADELPHIA, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE ACADEMY OF VOCAL ARTS, founded in 1936, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.7M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Net assets of $51.9M represent 134 months of operating reserves.
THE MISSION OF THE ACADEMY OF VOCAL ARTS (AVA) IS TO BE THE WORLD'S PREMIER INSTITUTION FOR TRAINING YOUNG ARTISTS AS INTERNATIONAL OPERA SINGERS. THROUGH RIGOROUS INSTRUCTION AND COACHING, AND BY PRESENTATIONS OF RESIDENT ARTISTS FROM AROUND THE WORLD IN FULLY
ADMISSION INTO AVA'S FOUR-YEAR PROGRAM IS DETERMINED BY HIGHLY COMPETITIVE ANNUAL AUDITIONS. THOSE WHO ARE ACCEPTED RECEIVE TUITION-FREE INTENSIVE TRAINING.(CONTINUED ON SCHEDULE O.)THE ACADEMY OF...
ADMISSION INTO AVA'S FOUR-YEAR PROGRAM IS DETERMINED BY HIGHLY COMPETITIVE ANNUAL AUDITIONS. THOSE WHO ARE ACCEPTED RECEIVE TUITION-FREE INTENSIVE TRAINING.(CONTINUED ON SCHEDULE O.)THE ACADEMY OF VOCAL ARTS PRESENTED FULL OPERA PRODUCTIONS, RECITALS, AND EVENTS IN THE 2024-25 AVA OPERA THEATRE SEASON. OCTOBER'S NEW ARTISTS RECITAL, WHERE FIRST-YEAR RESIDENT ARTISTS WERE INTRODUCED, STARTED THE SEASON FOLLOWED AGAIN BY THE ANNUAL GIARGIARI BEL CANTO COMPETITION. THE SEASON OFFICIALLY OPENED WITH GOUNOD'SFAUST. JANUARY SAW TWO PERFORMANCES OF JUBILATE!, OUR POPULAR ANNUAL CONCERT OF SACRED MUSIC. THE WINTER OPERA WAS MOZART'S COSI FAN TUTTE. THIS YEAR'S HIGHLIGHT WAS OUR 90TH ANNIVERSARY CELEBRATION AND GALA, BRAVA PHILADELPHIA! HELD AT THE KIMMEL CENTER FOR THE PERFORMING ARTS IN MARCH. THE SEASON CONCLUDED WITH MASCAGNI'S L'AMICO FRITZ AND THE ANNUAL FAREWELL RECITAL AND GRADUATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $4,653,019 | $6,335,470 | -0.3% |
| Expenses | $4,539,027 | $4,453,869 | +0.0% |
| Net Income | $113,992 | $1,881,601 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SCOTT GUZIELEK | PRESIDENT/ARTISTIC DIRECTOR | 40.00 |
Officer
|
$172,000 | $18,161 | $190,161 |
| CONSTANTINA CHRISTOU | CFO | 40.00 |
Officer
|
$146,667 | $16,865 | $163,532 |
| CHRISTOFER MACATSORIS | MUSIC DIRECTOR | 40.00 |
Highest
|
$154,167 | $8,132 | $162,299 |
| JASON WARD | DIR. INSTITUTIONAL ADVANCEMENT | 40.00 |
Highest
|
$101,667 | $9,592 | $111,259 |
| HAROLD F PITCAIRN II | CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SUSAN E KANE | VICE CHAIR & TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| NEAL W KROUSE | VICE CHAIR & SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DR DIANE COLE AHL | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| R RANDOLPH APGAR | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CHRISTINE BATCHELOR | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| BARBARA DONNELLY BENTIVOGLIO | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JUDITH BROUDY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ALICE CHASE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KRISTIN DAVIDSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JULIE FAIRMAN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| LILY FERRY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| SCOTT HICKMAN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| I GAIL HOWARD | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DR RICHARD KENT | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ROCHELLE MAGARICK | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DR DOUGLAS MANION | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH W MCGUIRE ESQ | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MARLENE MILNER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| LATONIA MOORE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KATHERINE NIVEN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN PARAHUS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MARIA G VOGIATZI PLESTIS MD | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DR SUZANNE ROOT ESQ | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DR RUTH RYAVE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| COREY SMITH | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| WALTER M STRINE JR ESQ | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| RICHARD TROXELL II | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| GORDON M WASE ESQ | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DANTE CERZA | DIRECTOR (THRU SEPT 2024) | 2.00 |
Director
|
$0 | $0 | $0 |
| P JEFFERY WARDEN | DIRECTOR (THRU JUNE 2025) | 2.00 |
Director
|
$0 | $0 | $0 |
| CHARLOTTE WATTS | DIRECTOR (THRU SEPT 2024) | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $4,653,019 | $4,539,027 | $54,219,823 | $113,992 |
| 2024 | $6,335,470 | $4,453,869 | $50,209,537 | $1,881,601 |
| 2023 | $5,310,910 | $4,754,641 | $46,475,598 | $556,269 |
| 2022 | $5,042,502 | $4,208,115 | $44,375,102 | $834,387 |
| 2022 | $5,067,502 | $4,208,740 | $44,399,477 | $858,762 |
| 2021 | $5,493,679 | $3,625,898 | $52,892,047 | $1,867,781 |
| 2020 | $4,735,145 | $4,055,847 | $42,855,218 | $679,298 |
| 2019 | $4,713,030 | $4,229,862 | $42,735,533 | $483,168 |
Compare THE ACADEMY OF VOCAL ARTS with other nonprofits in Pennsylvania and across the country.