BRONX OPERA COMPANY 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

1967

Legal Domicile

Principal Officer

Michael Spierman

Phone

7183654209

Tax Period

2024-08-01 to 2025-07-31

BRONX OPERA COMPANY INC, founded in 1967, is a small nonprofit in the Arts, Culture & Humanities sector that reported $204K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

Performance of opera in staged productions with orchestra and in concert at affordable prices for the Bronx community and other parts of the New York City area

Program Service Accomplishments

Program 1

Expenses: $181,495 Revenue: $173,666

Performance of opera in staged productions with orchestra and in concert

Program 2

Expenses: $30,000 Revenue: $30,000

A community arts engagement program for senior centers (SU-CASA)

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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 (2024)

Revenue Breakdown

Contributions & Grants $185,931

Program Service Revenue $17,735

Investment Income $0

Other Revenue $0

TOTAL REVENUE $203,666

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,427

Fundraising Expenses $100

Program Expenses $211,495

Other Expenses $108,379

TOTAL EXPENSES $222,806

Year-over-Year Comparison

	2024	2023	Change
Revenue	$203,666	$249,788	-0.2%
Expenses	$222,806	$222,882	0.0%
Net Income	$-19,140	$26,906	-1.7%

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

110

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter Heiman	Director	5	Director	$0	$0	$0
Judith Garland	Director	5	Director	$0	$0	$0
Gloria Neuwirth	Director	5	Director	$0	$0	$0
Leslie Swanson	Director	5	Director	$0	$0	$0
Kyle Pfortmiller	Director	5	Director	$0	$0	$0
Albert Neal	Director	5	Director	$0	$0	$0
Kasper Schroeter	Director	5	Director	$0	$0	$0
Markel Reed	President	5	Director	$0	$0	$0
Michael Spierman	Artistic Director	15	Director	$0	$0	$0
Emanuel Nadelman	Treasurer	15	Director	$0	$0	$0
Jennifer Moore	Secretary	10.00	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
2025	$203,666	$222,806	$20,968	$-19,140
2024	$249,788	$222,882	$40,108	$26,906
2023	$249,103	$305,330	$13,202	$-56,227
2022	$240,319	$289,719	$69,429	$-49,400
2021	$223,145	$170,341	$118,829	$52,804