Monticello Opera House Inc

EIN: 591400288 501(c)(3) Arts, Culture & Humanities

Monticello, FL

Total Revenue
$338,277
Total Expenses
$392,721
Total Assets
$832,356
Net Assets
$734,082
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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
1972
Legal Domicile
FL
Principal Officer
Jack Williams
Phone
8509974242
Tax Period
2022-07-01 to 2023-06-30

Monticello Opera House Inc, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $338K in total revenue in fiscal year 2022. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $393K exceeded revenue, resulting in a 16% operating deficit.

Mission

Bringing art and culture to 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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $69,366
Program Service Revenue $241,132
Investment Income $128
Other Revenue $27,651
TOTAL REVENUE $338,277

Expense Breakdown

Grants Paid $0
Salaries & Benefits $67,064
Fundraising Expenses $0
Program Expenses $366,418
Other Expenses $325,657
TOTAL EXPENSES $392,721

Year-over-Year Comparison

2022 2021 Change
Revenue $338,277 $463,375 -0.3%
Expenses $392,721 $307,825 +0.3%
Net Income $-54,444 $155,550 -1.4%
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

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Governance

Voting Members
10
Independent Members
10
Employees
4
Volunteers
10

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
4
$0
Total Directors
11
$50,417
Key Employees
1
$50,417
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Herrin Executive Director 060.00
Director Key Emp
$50,417 $0 $50,417
Ann Herring Director 001.00
Director
$0 $0 $0
Linda Schrader-Nahoom Director 001.00
Director
$0 $0 $0
David Ward Chair 008.00
Officer Director
$0 $0 $0
Ron Cichon Vice Chair 004.00
Officer Director
$0 $0 $0
Gene Hall Director 001.00
Director
$0 $0 $0
Tammy Brookins Secretary 001.00
Officer Director
$0 $0 $0
Pat Cichon Treasurer 008.00
Officer Director
$0 $0 $0
Marc Cramer Director 001.00
Director
$0 $0 $0
Gladys Roann-Watson Director 001.00
Director
$0 $0 $0
Barbie Nettles Director 001.00
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
2023 $338,277 $392,721 $832,356 $-54,444
2022 $463,375 $307,825 $889,120 $155,550
2021 $100,972 $185,142 $754,945 $-84,170
2020 $220,844 $276,187 $772,122 $-55,343
2019 $594,719 $327,634 $830,341 $267,085
2018 $298,913 $382,176 $594,469 $-83,263
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