BALTIMORE CONCERT OPERA INC (EIN 264201545) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

JULIA COOKE

Phone

4434450226

Tax Period

2023-09-01 to 2024-08-31

BALTIMORE CONCERT OPERA INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $414K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $606K exceeded revenue, resulting in a 47% operating deficit.

Mission

OPERA BALTIMORE CREATES A THRILLING, MEANINGFUL SHARED EXPERIENCE BETWEEN OUR AUDIENCE AND OUR ARTISTS. OUR STREAMLINED FORMAT FOCUSES ON THE PRIMARY ELEMENT OF OPERA: THE UNAMPLIFIED HUMAN VOICE. FEATURING TOP FLIGHT PROFESSIONAL OPERA SINGERS AND PROJECTED ENGLISH TRANSLATIONS IN OUR INTIMATE UP CLOSE ENVIRONMENT, OUR PERFORMANCES MAKE THE COMPLEX OPERATIC ART FORM IMMEDIATELY ACCESSIBLE AND ENGAGING.

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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 $278,681

Program Service Revenue $135,340

Investment Income $8,232

Other Revenue $-8,693

TOTAL REVENUE $413,560

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,964

Fundraising Expenses $111,732

Program Expenses $380,353

Other Expenses $400,125

TOTAL EXPENSES $606,089

Year-over-Year Comparison

	2023	2022	Change
Revenue	$413,560	$540,847	-0.2%
Expenses	$606,089	$595,887	+0.0%
Net Income	$-192,529	$-55,040	+2.5%

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

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

$60,547

Total Directors

$60,547

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIA COOKE	ARTISTIC AND GENERAL DIRECTOR	40.00	Officer Director	$52,944	$7,603	$60,547
MICHAEL BROWN	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAWN LUEDTKE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BART DEBICKI	TREASURER	1.00	Officer Director	$0	$0	$0
FRANCIS MONDIMORE	SECRETARY	1.00	Officer Director	$0	$0	$0
LEE BOOT	DIRECTOR	1.00	Director	$0	$0	$0
ROSEMARY ECK	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW FEINBERG	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH FUTRAL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PAIGE	DIRECTOR	1.00	Director	$0	$0	$0
ERIN RADA	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN SHORT	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE WOODS	DIRECTOR	1.00	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
2024	$413,560	$606,089	$370,135	$-192,529
2023	$540,847	$595,887	$512,410	$-55,040
2022	$367,898	$498,742	$582,728	$-130,844
2021	$335,503	$174,719	$630,631	$160,784
2020	$454,776	$271,378	$446,202	$183,398
2019	$273,378	$235,618	$303,059	$37,760

BALTIMORE CONCERT OPERA INC