THE OPERA ATELIER INC

EIN: 454122494 501(c)(3) Arts, Culture & Humanities

Miami, FL

Total Revenue
$316,227
Total Expenses
$391,009
Total Assets
$228,130
Net Assets
$-22,550
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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
2012
Legal Domicile
FL
Tax Period
2024-01-01 to 2024-12-31

THE OPERA ATELIER INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $316K in total revenue in fiscal year 2024. Expenses of $391K exceeded revenue, resulting in a 24% operating deficit.

Mission

The mission of The Opera Atelier is to make community and drive transformation by advancing the art of opera through performance, education, and social action, in synergy with other art forms and disciplines.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $260,389
Program Service Revenue $13,180
Investment Income $0
Other Revenue $42,658
TOTAL REVENUE $316,227

Expense Breakdown

Grants Paid $0
Salaries & Benefits $78,620
Fundraising Expenses $26,774
Program Expenses $196,230
Other Expenses $312,389
TOTAL EXPENSES $391,009

Year-over-Year Comparison

2024 2023 Change
Revenue $316,227 $304,193 +0.0%
Expenses $391,009 $161,259 +1.4%
Net Income $-74,782 $142,934 -1.5%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
11

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
0
$0
Total Directors
0
$0
Key Employees
4
$54,920
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jacqueline Solorzano Executive Director 36.00
Key Emp
$19,320 $0 $19,320
Daniel Daroca Music and Education Director 40.00
Key Emp
$16,200 $0 $16,200
Xiomara Ponce Coaching Director 15.00
Key Emp
$14,200 $0 $14,200
Jorge Arcila Artistic Director 15.00
Key Emp
$5,200 $0 $5,200
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
2024 $316,227 $391,009 $228,130 $-74,782
2023 $304,193 $161,259 $189,231 $142,934
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