MADISON OPERA FOUNDATION INC (EIN 392021767) - 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

2001

Legal Domicile

Principal Officer

JOYCE HIRSCH

Phone

6082388085

Tax Period

2024-09-01 to 2025-08-31

MADISON OPERA FOUNDATION INC, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $160K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $144K left a modest 10% surplus.

Mission

SUPPORTING ORGANIZATION OF MADISON OPERA INC.

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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 $35,100

Program Service Revenue $0

Investment Income $124,994

Other Revenue $0

TOTAL REVENUE $160,094

Expense Breakdown

Grants Paid $129,021

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $129,021

Other Expenses $15,477

TOTAL EXPENSES $144,498

Year-over-Year Comparison

	2024	2023	Change
Revenue	$160,094	$195,666	-0.2%
Expenses	$144,498	$118,565	+0.2%
Net Income	$15,596	$77,101	-0.8%

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
JOYCE HIRSCH	PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS TERRY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARTIN BARRETT	TREASURER	1.00	Officer Director	$0	$0	$0
SALLY MILEY	SECRETARY	1.00	Officer Director	$0	$0	$0
J MARSHALL OSBORN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN ZAESKE	DIRECTOR	1.00	Director	$0	$0	$0
FERNANDO ALVARADO	DIRECTOR	1.00	Director	$0	$0	$0
AMY NICKLES	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE KINSELLA	DIRECTOR (FROM 3/2025)	1.00	Director	$0	$0	$0
BRIAN HALTINNER	DIRECTOR (THRU 3/2025)	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	$160,094	$144,498	$2,816,861	$15,596
2024	$195,666	$118,565	$2,618,755	$77,101
2023	$181,414	$162,181	$2,257,460	$19,233
2022	$118,802	$109,115	$2,205,492	$9,687
2021	$269,036	$95,636	$2,601,239	$173,400
2020	$86,999	$217,154	$1,961,509	$-130,155
2019	$334,292	$96,625	$2,031,218	$237,667
2018	$499,312	$61,760	$1,893,596	$437,552

MADISON OPERA FOUNDATION INC