CHICAGO SUMMER OPERA INCORPORATED (EIN 462283415) - 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

2012

Legal Domicile

Tax Period

2024-08-01 to 2025-07-31

CHICAGO SUMMER OPERA INCORPORATED, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $648K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $605K left a modest 7% surplus.

Mission

Promotion of classical music and opera. Provide classical music education/training to students and subsequently offer performances of opera and/or classical instrumental music in which the students perform to the public in the community

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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 $31,742

Program Service Revenue $615,787

Investment Income $0

Other Revenue $0

TOTAL REVENUE $647,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,480

Fundraising Expenses $0

Program Expenses $604,864

Other Expenses $549,384

TOTAL EXPENSES $604,864

Year-over-Year Comparison

	2024	2023	Change
Revenue	$647,529	$553,234	+0.2%
Expenses	$604,864	$599,341	+0.0%
Net Income	$42,665	$-46,107	-1.9%

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
CODRUT BIRSAN	PRESIDENT	15.00	Officer	$0	$0	$0
ALEX SOARE	GENERAL MANAGER	30.00	Officer	$0	$0	$0
SHELLEY SHEPHERD	TREASURER	1.00	Officer	$0	$0	$0
LUCY SU	DIRECTOR	0.50	Officer	$0	$0	$0
VLAD VITOC	DIRECTOR	0.50	Officer	$0	$0	$0
CRISTIAN LUPUT	DIRECTOR	0.50	Officer	$0	$0	$0
SUSAN MURPHY	DIRECTOR	0.50	Officer	$0	$0	$0
CHARLOTTE TSOU	DIRECTOR	0.50	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	$647,529	$604,864	$13,428	$42,665
2024	$553,234	$599,341	$3,083	$-46,107
2023	$433,948	$427,705	$38,063	$6,243
2022	$382,228	$378,851	$34,527	$3,377

CHICAGO SUMMER OPERA INCORPORATED