OPERAWORKS 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

1987

Legal Domicile

Phone

8188989597

Tax Period

2018-01-01 to 2018-12-31

OPERAWORKS INC, founded in 1987, is a small nonprofit that reported $266K in total revenue in fiscal year 2018. Revenue surged 567% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 22% operating margin.

Mission

OPERAWORKS IS NATIONALLY RENOWNED FOR ITS UNIQUE AND TRANSFORMATIVE APPROACH TO PERFORMANCE TRAINING. WE BELIEVE THAT THE ARTIST AND THE PERSON ARE UNDENIABLY LINKED. THEREFORE, OUR TRAINING INTEGRATES THE CREATIVE, DRAMATIC, MUSICAL, PHYSICAL, MENTAL, AND EMOTIONAL ASPECTS OF PERFORMANCE.OPERAWORKS' FACULTY CONSISTS OF PROFESSIONALS WHO ARE TRAINED IN THE OPERATIC TRADITIONS, YET WHO ARE NOT AFRAID TO INCORPORATE INNOVATIVE TEACHING METHODS TO DEVELOP EACH SINGER'S EXCEPTIONAL TALENTS.

Program Service Accomplishments

Program 1

Expenses: $160,100 Revenue: $205,830

3 RESIDENCY TRAINING PROGRAMS WITH 25-34 PARTICIPANTS IN EACH WERE OFFERED IN LOS ANGELES. TWO OF THESE PROGRAMS WERE 16 DAYS IN LENGTH, HELD IN JANUARY AND JUNE. ONE PROGRAM WAS 29 DAYS IN LENGTH...

3 RESIDENCY TRAINING PROGRAMS WITH 25-34 PARTICIPANTS IN EACH WERE OFFERED IN LOS ANGELES. TWO OF THESE PROGRAMS WERE 16 DAYS IN LENGTH, HELD IN JANUARY AND JUNE. ONE PROGRAM WAS 29 DAYS IN LENGTH, HELD IN JULY. 3 ORIGINAL PRODUCTIONS WERE GIVEN A TOTAL OF 6 PUBLIC PERFORMANCES IN LOS ANGELES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $55,458

Program Service Revenue $209,535

Investment Income $37

Other Revenue $759

TOTAL REVENUE $265,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,154

Fundraising Expenses $4,563

Program Expenses $160,100

Other Expenses $146,925

TOTAL EXPENSES $207,079

Year-over-Year Comparison

	2018	2017	Change
Revenue	$265,789	$39,867	+5.7%
Expenses	$207,079	$128,578	+0.6%
Net Income	$58,710	$-88,711	-1.7%

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

$39,200

Total Directors