WASHINGTON CONCERT OPERA (EIN 521473747) - 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

1986

Legal Domicile

Principal Officer

MARGARET SIPPEY

Phone

2023645826

Tax Period

2023-07-01 to 2024-06-30

WASHINGTON CONCERT OPERA, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. The organization ran a surplus of $375K, a strong 27% operating margin.

Mission

WASHINGTON CONCERT OPERA PRESENTS LESS OFTEN PERFORMED OPERATIC MASTERPIECES IN CONCERT FORMAT THAT FEATURE EXPERIENCED AND EMERGING ARTISTS, OFTEN IN THEIR ROLE OR LOCAL DEBUTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,063,179

Program Service Revenue $161,665

Investment Income $154,381

Other Revenue $33,991

TOTAL REVENUE $1,413,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,469

Fundraising Expenses $62,806

Program Expenses $857,387

Other Expenses $795,327

TOTAL EXPENSES $1,037,796

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,413,216	$1,486,453	0.0%
Expenses	$1,037,796	$978,948	+0.1%
Net Income	$375,420	$507,505	-0.3%

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

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

$112,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET SIPPEY	Executive Dir.	40.00	Officer	$112,500	$0	$112,500
ALEXANDER D CRARY	Vice President	1.00	Officer Director	$0	$0	$0
MICHELE BARTOLI CAIN	Director	1.00	Director	$0	$0	$0
JENONNE WALKER	Director	1.00	Director	$0	$0	$0
CATHERINE WETHINGTON	Director	1.00	Director	$0	$0	$0
CHARLOTTE GOLLOBIN	Director	1.00	Director	$0	$0	$0
MICHAEL HIGGINS	Director	1.00	Director	$0	$0	$0
BARRY KAPLAN	Director	1.00	Director	$0	$0	$0
WENDY W MAKINS	Director	1.00	Director	$0	$0	$0
STEVEN MAZER MD	Director	1.00	Director	$0	$0	$0
MITCHELL SCHNEIDER	Director	1.00	Director	$0	$0	$0
STEPHANIE VAN REIGERSBERG	Director	1.00	Director	$0	$0	$0
MELISSA RHEA	President	1.00	Officer Director	$0	$0	$0
BARBARA M ROSSOTTI	Vice President	1.00	Officer Director	$0	$0	$0
DOROTHY DOTTIE SCHMIDT	Director	1.00	Director	$0	$0	$0
JACQUELYN LANMAN SHEEHAN	Director	1.00	Director	$0	$0	$0
DOROTHY DOTTY WEXLER	Secretary	1.00	Officer Director	$0	$0	$0
DR DOUGLAS GILL	Director	1.00	Director	$0	$0	$0
DIANA DYKSTRA	Treasurer	1.00	Officer Director	$0	$0	$0
PEGGY JONES	EX-OFFICIO	1.00	Director	$0	$0	$0
BARBARA FINKELSTEIN	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
2025	No data	No data	No data	No data
2024	$1,413,216	$1,037,796	$1,898,573	$375,420
2023	$1,486,453	$978,948	$1,486,088	$507,505
2022	$1,054,500	$1,153,216	$844,765	$-98,716
2021	$609,640	$586,576	$1,135,902	$23,064
2020	$888,337	$643,652	$1,096,789	$244,685
2019	$1,154,950	$840,453	$750,758	$314,497
2018	$933,561	$745,605	$410,735	$187,956

WASHINGTON CONCERT OPERA