OPERA PROJECT COLUMBUS INC

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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

2011

Legal Domicile

Principal Officer

MICHAEL SMITH

Phone

6143417011

Tax Period

2022-07-01 to 2023-06-30

OPERA PROJECT COLUMBUS INC, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $217K in total revenue in fiscal year 2022. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $274K exceeded revenue, resulting in a 26% operating deficit.

Mission

PROVIDING OPPORTUNITY AND EDUCATION WHILE RAISING THE STANDARDS OF THE CENTRAL OHIO ARTS COMMUNITY THROUGH PERFORMANCES AND COMMUNITY ENGAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $210,755 Revenue: $13,951

THE 2022-2023 SEASON EXPERIENCED A DELAYED START, BUT WAS EXCITED TO CONTINUE WITH ITS NEXT DIVERSITY PROJECT FILM RECORDINGS OF ITS "I, TOO, SING AMERICA" VIDEO SERIES ON JANUARY 15, 2023. PART 2...

THE 2022-2023 SEASON EXPERIENCED A DELAYED START, BUT WAS EXCITED TO CONTINUE WITH ITS NEXT DIVERSITY PROJECT FILM RECORDINGS OF ITS "I, TOO, SING AMERICA" VIDEO SERIES ON JANUARY 15, 2023. PART 2 (SAMUEL COLERIDGE TAYLOR) AND PART 3 (SHIRLEY GRAHAM DUBOIS) WERE PERFORMED AND FILMED IN FRONT OF A LIVE AUDIENCE TO ENTHUSIASTIC ACCLAIM. THESE PERFORMANCES BECAME PART OF THE "I, TOO, SING AMERICA" SERIES, COMPRISED OF FIVE 30-MINUTE VIDEOS HIGHLIGHTING EXCERPTS FROM OPERAS WRITTEN BY BLACK COMPOSERS OVER THE LAST 3 CENTURIES THAT WERE LOST DUE TO THE ENDEMIC RACISM IN THE OPERA WORLD. OPC'S RESEARCH IDENTIFIED BEAUTIFUL WORKS BY THESE COMPOSERS AND IS CURRENTLY WORKING TO DISTRIBUTE THE FILM SERIES TO MUSIC PROGRAMS WORLDWIDE TO NORMALIZE THIS MUSIC BOTH IN MUSIC SCHOOLS AND IN STANDARD OPERA COMPANY REPERTORY. MARCH 24 AND 26, 2023 WERE OPC PERFORMANCES OF GIUSEPPE VERDI'S UN BALLO IN MASCHERA, PERFORMED AS A CONCERT VERSION WITH PRINCIPAL ARTISTS FROM BOTH OUT OF STATE AND WITHIN OUR OWN REGION. OPC WELCOMED AWARD-WINNING CONDUCTOR WILLIAM BOGGS TO THE PODIUM FOR THIS PRODUCTION AND BOTH VOCAL AND INSTRUMENTAL PERFORMERS WERE EXCITED ABOUT THE OPPORTUNITY TO WORK WITH HIM. OPC WAS ALSO ESPECIALLY PLEASED TO HAVE FEATURED NUMEROUS STUDENT MUSICIANS IN THE ORCHESTRA FOR THE PERFORMANCES, CONTINUING DEDICATION TO FOSTERING OPPORTUNITIES OF MUSICAL ADVANCEMENT TO HIGH SCHOOL AND COLLEGE STUDENTS WHO HAVE EXCELLED IN THEIR INSTRUMENTAL STUDIES.

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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 $203,896

Program Service Revenue $13,951

Investment Income $616

Other Revenue $-1,780

TOTAL REVENUE $216,683

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,200

Fundraising Expenses $1,626

Program Expenses $210,755

Other Expenses $263,717

TOTAL EXPENSES $273,917

Year-over-Year Comparison

	2022	2021	Change
Revenue	$216,683	$283,590	-0.2%
Expenses	$273,917	$380,741	-0.3%
Net Income	$-57,234	$-97,151	-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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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

$7,600

Total Directors

$10,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGAN WETZEL	SECRETARY	10.00	Officer Director	$7,600	$0	$7,600
HANNAH MINNER	BOARD MEMBER	5.00	Director	$2,600	$0	$2,600
CYNTHIA RUCCIA TERMED 33123	PRESIDENT	20.00	Officer Director	$0	$0	$0
MICHAEL SMITH	PRESIDENT	10.00	Officer Director	$0	$0	$0
SHAWN KENNEY	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
AL WADDELL	TREASURER	5.00	Officer Director	$0	$0	$0
TOBI FURMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELA MAHONEY	BOARD MEMBER	1.00	Director	$0	$0	$0
TIANA SAMUELS	BOARD MEMBER	1.00	Director	$0	$0	$0
GREGORY ELDRIDGE	EXECUTIVE DIRECTOR	20.00	Officer	$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
2023	$216,683	$273,917	$95,994	$-57,234
2022	$283,590	$380,741	$153,539	$-97,151
2021	$220,429	$157,914	$249,548	$62,515
2020	$403,868	$299,312	$186,732	$104,556
2019	$215,868	$259,818	$90,053	$-43,950
2018	$164,237	$239,491	$156,222	$-75,254