LYRIC OPERA QALICB 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

JOYCE G HOLLAND

Phone

8164714933

Tax Period

2018-07-01 to 2019-06-30

LYRIC OPERA QALICB INC, founded in 2011, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2018. Revenue surged 447% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 83% operating margin.

Mission

TO HOLD TITLE TO PROPERTY, COMPLETE CONSTRUCTION OF THE OPERA CENTER AND LEASE SAID PROPERTY BACK TO THE LYRIC OPERA OF KANSAS CITY.

Program Service Accomplishments

Program 1

Expenses: $521,814 Revenue: $141,750

IN JULY 2018, THE NEW MARKET TAX CREDIT ENDED ITS COMPLIANCE PERIOD AND WAS UNWOUND. THE ASSETS HELD, INCLUDING THE BUILDING, WERE DONATED TO THE LYRIC OPERA OF KANSAS CITY. THE QALICB DISSOLVED IN...

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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 (2018)

Revenue Breakdown

Contributions & Grants $2,963,100

Program Service Revenue $141,750

Investment Income $6

Other Revenue $0

TOTAL REVENUE $3,104,856

Expense Breakdown

Grants Paid $116,424

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $521,814

Other Expenses $405,390

TOTAL EXPENSES $521,814

Year-over-Year Comparison

	2018	2017	Change
Revenue	$3,104,856	$567,128	+4.5%
Expenses	$521,814	$797,114	-0.3%
Net Income	$2,583,042	$-229,986	-12.2%

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 G HOLLAND	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD BRUENING	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DON DAGENAIS	SECRETARY/TREASURER	1.00	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
2019	$3,104,856	$521,814	No data	$2,583,042