TOLEDO OPERA ASSOCIATION

EIN: 346556139 501(c)(3) Arts, Culture & Humanities

TOLEDO, OH

Total Revenue
$1,405,061
Total Expenses
$1,293,531
Total Assets
$4,949,686
Net Assets
$4,730,908
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
OH
Principal Officer
JAMES NORMAN
Phone
4192557464
Tax Period
2024-06-01 to 2025-05-31

TOLEDO OPERA ASSOCIATION, founded in 1959, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $1.3M left a modest 8% surplus.

Mission

THE MISSION OF TOLEDO OPERA IS TO CREATE OPERA EXPERIENCES IN THE THEATER, IN THE CLASSROOM, AND THROUGHOUT OUR COMMUNITY THAT CELEBRATE COMPELLING STORIES, EXPRESSED THROUGH GLORIOUS MUSIC AND POWERFUL VOICES TO ENGAGE, CONNECT, AND INSPIRE. TOLEDO OPERA'S VISION IS TO BE AN AMBITIOUS CULTURAL LEADER IN THE REGION BY PAIRING STORYTELLING AND ARTISTRY OF THE HIGHEST CALIBER WITH AUTHENTIC COMMUNITY CONNECTIONS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $888,440
Program Service Revenue $271,607
Investment Income $240,385
Other Revenue $4,629
TOTAL REVENUE $1,405,061

Expense Breakdown

Grants Paid $0
Salaries & Benefits $351,345
Fundraising Expenses $79,558
Program Expenses $858,849
Other Expenses $942,186
TOTAL EXPENSES $1,293,531

Year-over-Year Comparison

2024 2023 Change
Revenue $1,405,061 $1,703,204 -0.2%
Expenses $1,293,531 $1,507,723 -0.1%
Net Income $111,530 $195,481 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
34
Independent Members
34
Employees
46
Volunteers
150

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
4
$0
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA OOSTRA IMMEDIATE PAST PRESIDENT 2.00
Director
$0 $0 $0
JOEL GORSKI PRESIDENT 2.00
Officer Director
$0 $0 $0
JENNIFER POIRIER VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
PHILLIP LEE CO-TREASURER 2.00
Officer Director
$0 $0 $0
ALLEN MARKOWICZ TRUSTEE 2.00
Director
$0 $0 $0
AMIR KHAN TRUSTEE 2.00
Director
$0 $0 $0
BARBARA BROWN TRUSTEE 2.00
Director
$0 $0 $0
BLAINE STOUT TRUSTEE 2.00
Director
$0 $0 $0
CINDY NIGGEMYER TRUSTEE 2.00
Director
$0 $0 $0
DOMINIQUE LASH TRUSTEE 2.00
Director
$0 $0 $0
ELISABETH JAMES TRUSTEE 2.00
Director
$0 $0 $0
ELIZABETH WOLFE TRUSTEE 2.00
Director
$0 $0 $0
HOUSTON YOUNG TRUSTEE 2.00
Director
$0 $0 $0
JOHN FEDDERKE TRUSTEE 2.00
Director
$0 $0 $0
JOHN JONES TRUSTEE 2.00
Director
$0 $0 $0
JUNE GALVIN TRUSTEE 2.00
Director
$0 $0 $0
KIM KEARNS TRUSTEE 2.00
Director
$0 $0 $0
MARCY MCMAHON TRUSTEE 2.00
Director
$0 $0 $0
MARYLOUISE BOWE TRUSTEE 2.00
Director
$0 $0 $0
MAUREEN BROWN TRUSTEE 2.00
Director
$0 $0 $0
PATRICE SPITZER TRUSTEE 2.00
Director
$0 $0 $0
PETE GERKEN TRUSTEE 2.00
Director
$0 $0 $0
RONALD WELLS TRUSTEE 2.00
Director
$0 $0 $0
SUSAN HARTMAN MUSKA TRUSTEE 2.00
Director
$0 $0 $0
THOMAS WINSTON TRUSTEE 2.00
Director
$0 $0 $0
TRINA ROBINSON SECOR TRUSTEE 2.00
Director
$0 $0 $0
WILLIAM DAVIS TRUSTEE 2.00
Director
$0 $0 $0
WILLIAM MATHIS TRUSTEE 2.00
Director
$0 $0 $0
ZAHRA APRILI COLLINS SECRETARY 2.00
Officer 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 $1,405,061 $1,293,531 $4,949,686 $111,530
2024 $1,703,204 $1,507,723 $4,728,019 $195,481
2023 $1,101,314 $1,664,424 $4,013,844 $-563,110
2022 $1,254,776 $1,311,654 $4,577,028 $-56,878
2021 $914,327 $636,483 $4,974,454 $277,844
2020 $1,268,949 $1,212,470 $3,879,605 $56,479
2019 $1,107,510 $1,222,852 $3,770,224 $-115,342
2018 $1,610,640 $1,426,071 $3,745,741 $184,569
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