THE OPERA ASSOCIATION OF CENTRAL O… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

JULIA NOULIN-MERAT

Phone

6144618101

Tax Period

2024-07-01 to 2025-06-30

THE OPERA ASSOCIATION OF CENTRAL OHIO, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

OPERA COLUMBUS ENRICHES CENTRAL OHIO BY EDUCATING, ENLIGHTENING, AND ENTERTAINING PEOPLE OF ALL AGES AND BACKGROUNDS THROUGH THE LIVE MUSIC THEATRE EXPERIENCE BY EMPLOYING A DIVERSE AND FAR-FLUNG SUPPLY OF CREATIVE TALENT, IDEAS AND ARTISTICE ENERGIES.

Program Service Accomplishments

Program 1

Expenses: $1,064,863 Revenue: $386,463

PRODUCTIONS: FOUNDED IN 1981, OPERA COLUMBUS BRINGS THE FULL GRANDEUR OF OPERA TO COLUMBUS STAGES WTIH LUSH MAINSTAGE PRODUCTIONS AND CREATIVE EDUCATION AND COMMUNITY ENGAGEMENTS PROGRAMS. UNDER THE VISION OF GENERAL DIRECTOR AND CEO JULIA NOULIN-MIRAT, OPERA COLUMBUS IS REDEFINING AND REIMAGINING THE CONCEPT OF REGIONAL OPERA WITH WORLD-CLASS PRODUCTIONS THAT CELEBRATE EXTRAORDINARY TALENT AND ARTISTIC PARTNERSHIPS, ENGAGING A NEW, DIVERSE AUDIENCE FOR THIS MOST MAGNIFICENT OF ART FORMS. FROM GROUNDBREAKING COLLABORATIONS TO INNOVATIVE AND BREATHTAKING PRODUCTIONS, OPERA COLUMBUS IS PASSIONATE ABOUT CREATING ARTISTIC MOMENTS FOR EACH AND EVERY PATRON.

Program 2

Expenses: $151,614 Revenue: $1,925

EDUCATION PROGRAMS: OUR YOUTH EDUCATION PROGRAMS SUPPORT CHILDREN'S LEARNING AND DEVELOPMENT, BUILDING AN APPRECIATION FOR OPERA AND THE ARTS WHILE TEACHING IMPORTANT LIFE LESSONS. WE ARE AN...

EDUCATION PROGRAMS: OUR YOUTH EDUCATION PROGRAMS SUPPORT CHILDREN'S LEARNING AND DEVELOPMENT, BUILDING AN APPRECIATION FOR OPERA AND THE ARTS WHILE TEACHING IMPORTANT LIFE LESSONS. WE ARE AN ESSENTIAL PART OF OUR COMMUNITY'S SOCIAL AND EMOTIONAL FABRIC. WE INVEST IN COLUMBUS' FUTURE THROUGH OUR EDUCATIONAL AND COMMUNITY PROGRAMMING, INCLUDING OPERA GOES TO SCHOOL TOUR, PERFORMANCE WORKSHOPS, CONCERTS IN THE CLASSROOM, OPERA REHEARSAL PREVIEWS, SKETCH OPERA, STUDENT DRESS REHEARSALS, SOUTHERN THEATRE TOURS AND FREE STUDENT TICKETS. OPERA COLUMBUS WILL CONTINUE OUR MISSION TO ADVANCE THE EXPERIENCE AND THE ART OF OPERA BY EDUCATING AND INSPIRING ALL GENERATIONS THROUGH A WELL-ROUNDED EDUCATION, WITH THE OBJECTIVE OF PREPARING THE FUTURE GENERATIONS TO MAKE AN IMPACT IN OUR COMMUNITY.

Program 3

Expenses: $39,353 Revenue: $7,527

VOCAL COMPETITION: THE PURPOSE OF THE ANNUAL, INTERNATIONALLY-RECOGNIZED IRMA M. COOPER-ARTHUR AND HETTY BING VOCAL COMPETITION IS TO EMPOWER AND CELEBRATE YOUNG, EMERGING ARTISTS THROUGH CASH PRIZES AND AUDITION EXPERIENCE. THIS COMPETITION DISCOVERS TALENT, REVEALS ARTISTIC OPPORTUNITY, AND ENGAGES THE NEXT GENERATION INTO THE PROFESSIONAL OPERA COMMUNITY. FOUNDED IN 1983, THE COMPETITION ATTRACTS EXCEPTIONAL ARTISTS EACH YEAR, HELPING TO LAUNCH THE CAREERS OF MANY OF ITS COMPETITORS. FORMER WINNERS INCLUDE INTERNATIONALLY-RENOWNED SUPERSTAR DENYCE GRAVES AND METROPOLITAN OPERA ARTISTS DINA KUZNETSOVA, RICHARD PAUL FINK, SUSAN FOSTER, LUCAS MEACHEM, AND ALYSON CAMBRIDGE. THE ENCOURAGEMENT AWARD (LAUNCHED IN 2013) HONORS A TALENTED HIGH SCHOOL OR UNDERGRADUATE ARTIST FROM CENTRAL OHIO, WHO RECEIVES A CASH PRIZE AND AN OPPORTUNITY TO PERFORM AT THE VOCAL COMPETITION FINALS.

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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 $1,145,546

Program Service Revenue $395,915

Investment Income $556

Other Revenue $138,655

TOTAL REVENUE $1,680,672

Expense Breakdown

Grants Paid $20,300

Salaries & Benefits $451,291

Fundraising Expenses $116,781

Program Expenses $1,255,830

Other Expenses $1,252,438

TOTAL EXPENSES $1,724,029

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,680,672	$1,470,540	+0.1%
Expenses	$1,724,029	$1,603,504	+0.1%
Net Income	$-43,357	$-132,964	-0.7%

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

Volunteers

125

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

$183,110

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIA NOULIN-MERAT	CEO	50.00	Officer	$183,110	$0	$183,110
FEMI ADEYANJU	PRESIDENT	2.00	Officer Director	$0	$0	$0
ALLISON STEINER	VP / FINANCE	2.00	Officer Director	$0	$0	$0
GERARD BASALLA	SECRETARY	2.00	Officer Director	$0	$0	$0
BILL MILLER	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
ANDREW KING	GOVERNANCE C	2.00	Officer Director	$0	$0	$0
CHARLES C WARNER	EXECUTIVE CO	2.00	Officer Director	$0	$0	$0
BOB PHILIPS	DEVELOPMENT	2.00	Officer Director	$0	$0	$0
JOHANNA DESTFANO PHD	LIFE TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM T GROVE	LIFE TRUSTEE	1.00	Director	$0	$0	$0
STANLEY D ROSS	LIFE TRUSTEE	1.00	Director	$0	$0	$0
SHELDON A TAFT	LIFE TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA MORRISON	LIFE TRUSTEE	1.00	Director	$0	$0	$0
GEORGE ARNOLD	TRUSTEE	1.00	Director	$0	$0	$0
TODD MAJIDZADEH	TRUSTEE	1.00	Officer Director	$0	$0	$0
ARTHUR GH BING	TRUSTEE	1.00	Director	$0	$0	$0
DONELL R GRUBBS	TRUSTEE	1.00	Director	$0	$0	$0
SHAWN HOMAN	TRUSTEE	1.00	Director	$0	$0	$0
DOUG MCINTYRE	TRUSTEE	1.00	Director	$0	$0	$0
BENJAMIN TRACY	TRUSTEE	1.00	Director	$0	$0	$0
CAROLINE ROCCO	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW HALL	TRUSTEE	1.00	Director	$0	$0	$0
FABIAN PADAMADAN	TRUSTEE	1.00	Director	$0	$0	$0
EVAN SPENCER	TRUSTEE	1.00	Director	$0	$0	$0
MARY AUCH	TRUSTEE	1.00	Director	$0	$0	$0
ELLIANA K DEVORE MD	TRUSTEE	1.00	Director	$0	$0	$0
KRIS FOLEY	TRUSTEE	1.00	Director	$0	$0	$0
VIJAY KUDITHIPUDI MD	TRUSTEE	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
2025	$1,680,672	$1,724,029	$1,471,790	$-43,357
2024	$1,470,540	$1,603,504	$1,350,584	$-132,964
2023	$1,246,531	$1,332,688	$1,289,276	$-86,157
2022	$1,287,831	$1,406,710	$1,269,312	$-118,879
2021	$1,372,585	$1,119,500	$1,399,773	$253,085
2020	$1,183,861	$1,400,205	$977,093	$-216,344
2019	$1,589,645	$1,533,478	$1,094,283	$56,167
2018	$1,185,355	$1,291,234	$1,187,614	$-105,879

THE OPERA ASSOCIATION OF CENTRAL OHIO