MARYLAND LYRIC OPERA

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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

2013

Legal Domicile

Principal Officer

ALFRED J CLARK JR

Phone

2404275568

Tax Period

2018-01-01 to 2018-12-31

MARYLAND LYRIC OPERA, founded in 2013, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2018. Revenue surged 436% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF MARYLAND LYRIC OPERA IS TO REVIVE THE VOCAL ARTISTRY OF THE PAST, FROM THE AGE WHEN THE INDIVIDUALITY AND THE LIBERTY OF EXPRESSION OF THE SINGER WERE OF PRIMARY IMPORTANCE. THROUGH PRESENTING OPERATIC PRODUCTIONS OF THE HIGHEST CALIBER, UTILIZING BOTH ESTABLISHED PROFESSIONAL SINGERS AND EMERGING TALENT, MDLO SEEKS TO:-EDUCATE ARTISTS, EMERGING SINGERS AND AUDIENCES ALIKE-FOSTER NEW AUDIENCES FOR OPERA, BOTH THROUGH THE ARTISTRY PRESENTED AND THROUGH A COMMITMENT TO AFFORDABLE TICKET PRICING -DEVELOP AND PROMOTE THE CAREERS OF EMERGING ARTISTS -REVITALIZE THE IMPORTANCE OF VOCAL ARTISTRY (INTERPRETATION, EMOTION, IMMEDIACY OF EXPRESSION) OVER A MERELY ACCURATE REALIZATION OF THE NOTES ON THE PRINTED PAGE -REVERSE THE TREND WHERE THE CONDUCTOR'S, STAGE DIRECTOR'S OR DESIGNER'S CONCEPTION DICTATES THE REALIZATION OF THE WORK, TO REORDER THE PRIORITIES IN OPERATIC PRODUCTION TO ONE WHERE ALL FACETS OF PRODUCTION SUPPORT THE SINGERS FIRST AND FOREMOST

Program Service Accomplishments

Program 1

Expenses: $1,012,343 Revenue: $32,252

MDLO FURTHERS ITS GOAL OF PROMOTING DEVELOPING SINGERS AND EXPRESSIVE PERFORMANCE PRACTICES BY PROVIDING COACHING AND CAREER DEVELOPMENT FOR SINGERS IN OUR PRODUCTIONS AND EMERGING ARTIST PROGRAM...

MDLO FURTHERS ITS GOAL OF PROMOTING DEVELOPING SINGERS AND EXPRESSIVE PERFORMANCE PRACTICES BY PROVIDING COACHING AND CAREER DEVELOPMENT FOR SINGERS IN OUR PRODUCTIONS AND EMERGING ARTIST PROGRAM. MDLO CONTINUES TO INCLUDE HIGH SCHOOL STUDENTS IN PROGRAMMING AND PERFORMANCE.

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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 $1,072,051

Program Service Revenue $32,252

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,104,303

Expense Breakdown

Grants Paid $0

Salaries & Benefits $218,918

Fundraising Expenses $15,592

Program Expenses $1,012,343

Other Expenses $891,153

TOTAL EXPENSES $1,110,071

Year-over-Year Comparison

	2018	2017	Change
Revenue	$1,104,303	$206,189	+4.4%
Expenses	$1,110,071	$205,211	+4.4%
Net Income	$-5,768	$978	-6.9%

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

Volunteers

N/A

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
ALFRED J CLARK JR	PRESIDENT	20.00	Officer Director	$0	$0	$0
AMY AYRE	TREASURER	4.00	Officer Director	$0	$0	$0
PHIL SMITH	DIRECTOR	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
2018	$1,104,303	$1,110,071	$39,357	$-5,768