Indianapolis Opera Company Foundation Inc (EIN 351546777) - 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

1982

Legal Domicile

Principal Officer

Arnie Hanish

Phone

3172833531

Tax Period

2022-07-01 to 2023-06-30

Indianapolis Opera Company Foundation Inc, founded in 1982, is a micro nonprofit that reported $46K in total revenue in fiscal year 2022. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $130K exceeded revenue, resulting in a 181% operating deficit.

Mission

The Indianapolis Opera Company Foundations mission is to perpetuate the Indiana Opera Company (Indianapolis Opera) and to financially support the artistic, educational, and cultural claims of the Opera.

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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 (2022)

Revenue Breakdown

Contributions & Grants $30,392

Program Service Revenue $0

Investment Income $15,756

Other Revenue $0

TOTAL REVENUE $46,148

Expense Breakdown

Grants Paid $126,397

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $126,397

Other Expenses $3,194

TOTAL EXPENSES $129,591

Year-over-Year Comparison

	2022	2021	Change
Revenue	$46,148	$107,373	-0.6%
Expenses	$129,591	$20,697	+5.3%
Net Income	$-83,443	$86,676	-2.0%

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

N/A

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
John Bradburn	President	1.00	Officer Director	$0	$0	$0
Arnold Hanish	Treasurer	1.00	Officer Director	$0	$0	$0
Ted Vatsndal	Secretary	1.00	Officer Director	$0	$0	$0
Vickie Broadie	Board member	1.00	Director	$0	$0	$0
Patricia Curran	Board member	1.00	Director	$0	$0	$0
Garry Fredericksen	Board member	1.00	Director	$0	$0	$0
Bonnie Reilly	Vice President	1.00	Officer Director	$0	$0	$0
Louis Vignati	Board member	1.00	Director	$0	$0	$0
Anthony Najem	Board member	1.00	Director	$0	$0	$0
Greg Maier	Board member	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$46,148	$129,591	$840,026	$-83,443
2022	$107,373	$20,697	$870,398	$86,676
2021	$422,781	$12,274	$795,119	$410,507

Indianapolis Opera Company Foundation Inc