OPERA IN WILLIAMSBURG 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

2015

Legal Domicile

Principal Officer

Naama Zahavi-Ely

Tax Period

2024-01-01 to 2024-12-31

OPERA IN WILLIAMSBURG INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $266K in total revenue in fiscal year 2024.

Mission

Opera in Williamsburgs objectives are as follows: Create exceptionally engaging attractive and elegant live fully-staged standard repertoire opera productions with world-class cast and creative team in Williamsburg Virginia Attract new audiences to mainstream live Opera and providing Opera lovers with more opportunities to see superb live performances locally Help outstanding professional artists to earn a living by their art Bring the beauty and passion of live Opera singing to schools and to groups that cannot attend performances Assisted Living Memory Units Opera in Williamsburg is dedicated to bringing to Williamsburg Virginia intimate fully-staged opera with world class cast. Funded by ticket sales and the support of members of the community Opera in Williamsburg is committed to the highest artistic standards and maintains a relationship with the International Vocal Arts Institute IVAI under Joan Dornemann and Paul Nadler.

Program Service Accomplishments

Program 1

Expenses: $240,003 Revenue: $67,724

Created and presented a fully-stage production of the opera The Tales of Hoffmann by Offenbach and of Lucia di Lammermoor by Donizetti with orchestra in the original French and Italian with English supertitles. Each performed three performances at the Kimball Theatre Williamsburg Virginia May and September 2024. Some income is for tickets to 2025 operas. Held two stand-alone art song concerts a dinner concert with fund-raising auction and a brunch concert with a raffle as well as free concerts with the singers of each opera. Visit schools when we have opportunities at no charge to the school. Provide our recordings to local public broadcasting at no charge. Hold a donors event with a concert for donors. Note: most expenses by far are for opera productions most by far are for artists fees and the expenses of concerts leading up to an opera are difficult to separate.

Program 2

Expenses: $12,229 Revenue: $0

Held a dinner concert with auction as well as a brunch concert with our singers. Income is for brunch raffle income from auction is listed separately and paddle raise at dinner is listed in donations.

Program 3

Expenses: $170 Revenue: $0

Held a free concert with the cast of each opera

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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 $188,707

Program Service Revenue $69,339

Investment Income $0

Other Revenue $7,904

TOTAL REVENUE $265,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,618

Program Expenses $252,402

Other Expenses $259,744

TOTAL EXPENSES $259,744

Year-over-Year Comparison

	2024	2023	Change
Revenue	$265,950	N/A	N/A
Expenses	$259,744	N/A	N/A
Net Income	$6,206	N/A	N/A

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

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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

$8,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jorge Parodi	Music Director	10.00	Director	$8,500	$0	$8,500
Naama ZahaviEly	Artistic and General Director	40.00	Officer Director	$0	$0	$0
Paul Try	Chair of the Board of Directors	10.00	Director	$0	$0	$0
Josephine Ursini Krantz	vice-chair	5.00	Director	$0	$0	$0
Kenneth Mitchell	Treasurer	5.00	Director	$0	$0	$0
Kathy Masters	Secretary	5.00	Director	$0	$0	$0
Linda Collins Reilly	member of board of directors	5.00	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
2024	$265,950	$259,744	$16,324	$6,206
2022	$204,461	$204,461	$2,101	No data