Lithuanian Opera Co

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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

1977

Legal Domicile

Principal Officer

Mindaugas Razumas

Tax Period

2023-07-01 to 2024-06-30

Lithuanian Opera Co, founded in 1977, is a small nonprofit in the Arts, Culture & Humanities sector that reported $150K in total revenue in fiscal year 2023. Revenue surged 355% from the prior year, signaling strong growth momentum. The organization ran a surplus of $34K, a strong 23% operating margin.

Mission

To Promote Lithuanian Language Culture.The Lithuanian Opera Company of Chicago was founded by Lithuanian imigrants in 1956 and presents operas in Lithuanian . It celebrated fifty years of existence in 2006 , and operates as a not-for-profit organization. The Lithuanian Opera Co is comprised of people of all ages and professions who have one common characteris

Program Service Accomplishments

Program 1

Revenue: $30,315

Tickets sale of operatic performances and Lithuanian Opera organized events.

Program 2

Revenue: $113,655

Donations

Program 3

Revenue: $3,600

Membership Dues

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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 $117,255

Program Service Revenue $32,535

Investment Income $0

Other Revenue $0

TOTAL REVENUE $149,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $115,554

TOTAL EXPENSES $115,554

Year-over-Year Comparison

	2023	2022	Change
Revenue	$149,790	$32,946	+3.5%
Expenses	$115,554	$32,750	+2.5%
Net Income	$34,236	$196	+173.7%

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

N/A

Volunteers

N/A

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
Mindaugas Razumas	President	009.00	Officer Director	$0	$0	$0
Laisvida Pilkionis	Secretary	005.00	Officer Director	$0	$0	$0
Rasa Malcus	Director	005.00	Officer Director	$0	$0	$0
Inga Auskalniene	Treasurer	005.00	Officer Director	$0	$0	$0
Edmundas Pranckevicius	Director	003.00	Officer Director	$0	$0	$0
Diana Soblinskas	Director	001.00	Officer Director	$0	$0	$0
Vilma Vilimas	Director	001.00	Officer Director	$0	$0	$0
Rasa Ruzgas	Director	001.00	Officer Director	$0	$0	$0
Ingrida Pranskevicene	Director	001.00	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	No data	No data	No data	No data
2024	$149,790	$115,554	$100,265	$34,236
2023	$32,946	$32,750	$66,029	$196
2022	$140,420	$107,315	$65,833	$33,105
2021	$4,934	$9,435	$32,728	$-4,501