Vero Beach Opera Inc (EIN 592883286) - 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

1988

Legal Domicile

Principal Officer

Joan Ortega Cowan

Phone

7725696993

Tax Period

2023-06-01 to 2024-05-31

Vero Beach Opera Inc, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $657K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $167K, a strong 25% operating margin.

Mission

Encourage and support of the opera in Indian River County, FL

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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 $411,016

Program Service Revenue $214,928

Investment Income $29,839

Other Revenue $778

TOTAL REVENUE $656,561

Expense Breakdown

Grants Paid $6,410

Salaries & Benefits $60,822

Fundraising Expenses $12,200

Program Expenses $436,858

Other Expenses $422,272

TOTAL EXPENSES $489,504

Year-over-Year Comparison

	2023	2022	Change
Revenue	$656,561	$461,618	+0.4%
Expenses	$489,504	$327,053	+0.5%
Net Income	$167,057	$134,565	+0.2%

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

$4,350

Total Directors

$13,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Franks Russell	Director	20.00	Director	$9,000	$0	$9,000
Halsey Edward	Treasurer	20.00	Officer Director	$4,350	$0	$4,350
Lemoine Toni	Director	10.00	Director	$400	$0	$400
Ortega-Cowan Joan Dr	President	30.00	Officer Director	$0	$0	$0
Ortega-Cowan Roman Dr	Director	30.00	Director	$0	$0	$0
Loewinger Robert J Dr	Vice President	10.00	Officer Director	$0	$0	$0
Gauthier Paul	Director	20.00	Director	$0	$0	$0
Palowich Joseph	Director	10.00	Director	$0	$0	$0
Webster Robert	Director	10.00	Director	$0	$0	$0
Loewinger Marcia	Director	10.00	Director	$0	$0	$0
Lange Carolyn	Director	10.00	Director	$0	$0	$0
Ferruolo Al	Director	10.00	Director	$0	$0	$0
Gauthier Sue	Director	20.00	Director	$0	$0	$0
Haines Kendra	Director	20.00	Director	$0	$0	$0
Nelson Cover	Director	20.00	Director	$0	$0	$0
Palowich Carol	Secretary	10.00	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
2025	No data	No data	No data	No data
2024	$656,561	$489,504	$1,269,085	$167,057
2023	$461,618	$327,053	$1,030,270	$134,565
2022	$404,749	$314,828	$903,263	$89,921
2021	$355,812	$135,942	$808,784	$219,870
2020	$302,238	$242,742	$592,414	$59,496
2019	$399,899	$293,595	$526,418	$106,304

Vero Beach Opera Inc