MIAMI LYRIC OPERA INC (EIN 571208572) - 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

2004

Legal Domicile

Principal Officer

RAFFAELE CARDONE

Phone

3052973619

Tax Period

2023-01-01 to 2023-12-31

MIAMI LYRIC OPERA INC, founded in 2004, is a small nonprofit that reported $115K in total revenue in fiscal year 2023. Expenses of $127K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO EXPAND AND EDUCATE ON THE KNOWLEDGE OF 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 (2023)

Revenue Breakdown

Contributions & Grants $86,956

Program Service Revenue $28,326

Investment Income $0

Other Revenue $0

TOTAL REVENUE $115,282

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,765

Fundraising Expenses $0

Program Expenses $104,937

Other Expenses $116,285

TOTAL EXPENSES $127,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$115,282	$113,385	+0.0%
Expenses	$127,050	$107,673	+0.2%
Net Income	$-11,768	$5,712	-3.1%

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
RAFFAELE CARDONE	D PRESIDENT	N/A	Officer Director	$0	$0	$0
BEVERLY COULTER	M ORCHESTRA	N/A	Officer	$0	$0	$0
MARIA T RICHARD	M COREOGRAPH	N/A	Officer	$0	$0	$0
GUILLERMO ROCHA	D TREASURER	N/A	Officer	$0	$0	$0
RAUL REYES ROQUE	M SPANISH ME	N/A	Officer	$0	$0	$0
JOSE VILLARINO	M PUBLIC REL	N/A	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
2024	No data	No data	No data	No data
2023	$115,282	$127,050	$2,346	$-11,768
2022	$113,385	$107,673	$1,788	$5,712
2021	$79,290	$42,937	$3,650	$36,353
2020	$76,132	$24,267	$350	$51,865
2019	$97,571	$104,016	$3,469	$-6,445
2018	$113,346	$104,082	$46	$9,264

MIAMI LYRIC OPERA INC