FIRST COAST OPERA 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

2000

Legal Domicile

Principal Officer

KERRY FRADLEY

Phone

9044175555

Tax Period

2024-08-01 to 2025-07-31

FIRST COAST OPERA INC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $316K in total revenue in fiscal year 2024.

Mission

IT IS THE MISSION OF FIRST COAST OPERA TO SERVE NORTHEAST FLORIDA WITH PROFESSIONAL OPERA PERFORMANCES FOR THE EDUCATION,CULTURAL ENHANCEMENT AND ENJOYMENT OF OUR COMMUNITIES,COMBINING ARTISTIC EXCELLENC

Program Service Accomplishments

Program 1

Expenses: $89,520 Revenue: $64,071

BARBER OF SEVILLE FULLY STAGED OPERA WITH ORCHESTRA

Program 2

Expenses: $72,889 Revenue: $45,525

THE MAGIC FLUTE FULLY STAGED OPERETTA WITH ORCHEDTRA

Program 3

Expenses: $36,544 Revenue: $14,061

PERFORMANCE BY SPANISH COMPOSER JUAN ANTONIO SIMARRO

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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 (2024)

Revenue Breakdown

Contributions & Grants $159,777

Program Service Revenue $146,487

Investment Income $6,683

Other Revenue $2,578

TOTAL REVENUE $315,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $222,627

Other Expenses $325,528

TOTAL EXPENSES $325,528

Year-over-Year Comparison

	2024	2023	Change
Revenue	$315,525	$301,534	+0.0%
Expenses	$325,528	$270,575	+0.2%
Net Income	$-10,003	$30,959	-1.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRY FRADLEY	PRESIDENT	3	Officer Director	$0	$0	$0
JEAN RAHNER	V PRESIDENT	3	Officer Director	$0	$0	$0
STEVE RICH	SECRETARY	3	Officer Director	$0	$0	$0
ROBERT DAWKINS	TREASURER	5	Officer Director	$0	$0	$0
J EVERETT	DIRECTOR	2	Director	$0	$0	$0
NANCY PERRY	DIRECTOR	2	Director	$0	$0	$0
J HAMMACK	DIRECTOR	2	Director	$0	$0	$0
K SCHIRMACHER	DIRECTORE	2	Director	$0	$0	$0
P NOLTON	DIRECTOR	2	Director	$0	$0	$0
M BOVA	DIRECTOR	2	Director	$0	$0	$0
C SMITH	DIRECTOR	2	Director	$0	$0	$0
MARIA MONTOYA	DIRECTOR	2	Director	$0	$0	$0
DAWN RUSSELL	DIRECTOR	2	Director	$0	$0	$0
G LINDBERG	DIRECTOR	4	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	$315,525	$325,528	$174,762	$-10,003
2024	$301,534	$270,575	$203,495	$30,959
2023	$200,263	$206,812	$153,506	$-6,549