GREATER MIAMI 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

1949

Legal Domicile

Phone

3058541643

Tax Period

2024-06-01 to 2025-05-31

GREATER MIAMI OPERA INC, founded in 1949, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.7M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $891K, a strong 16% operating margin.

Mission

THE MISSION OF GREATER MIAMI OPERA IS TO ENRICH PEOPLE'S LIVES THROUGH AN AWARENESS AND DEEPER APPRECIATION OF OPERA. BY EXPANDING ITS REACH TO DIVERSE COMMUNITIES THROUGHOUT MIAMI AND FORT LAUDERDALE AND WIDER AUDIENCES ABROAD CREATING A CULTURAL DESTINATION. TO ACCOMPLISH OUR MISSION, WE PRODUCE WORLD-CLASS OPERA, WE CHAMPION NEW WORKS, WE BUILD NEW AUDIENCES, WE EDUCATE AND ENGAGE OUR COMMUNITY, AND WE NURTURE THE FINEST OPERA ARTISTS, ARTISANS, AND ADMINISTRATORS OR EACH GENERATION. BY DOING SO, WE STRENGTHEN THE CULTURAL AND ECONOMIC VITALITY OF THE SOUTH FLORIDA COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $3,714,322 Revenue: $1,145,409

PRODUCTION AND PRESENTATION OF OPERAS IN THEIR ORIGINAL LANGUAGES TO THE PUBLIC. APPROXIMATELY 13,000 IN ATTENDANCE.

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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 $4,525,980

Program Service Revenue $1,145,409

Investment Income $0

Other Revenue $-12,795

TOTAL REVENUE $5,658,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,083,786

Fundraising Expenses $243,094

Program Expenses $3,714,322

Other Expenses $2,683,759

TOTAL EXPENSES $4,767,545

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,658,594	$5,135,398	+0.1%
Expenses	$4,767,545	$3,974,031	+0.2%
Net Income	$891,049	$1,161,367	-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

N/A

Volunteers

200

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

$405,819

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY KAMIN	SECRETARY/DIRECTOR	0.4	Officer Director	$0	$0	$0
ROBERT B GLICK CPA	TREASURER/DIRECTOR	0.4	Officer Director	$0	$0	$0
TINA VIDAL-DUART	CHAIR/DIRECTOR	0.4	Officer Director	$0	$0	$0
ANDREY ILYASOV	DIRECTOR	0.4	Director	$0	$0	$0
ARLENE H MENDELSON	DIRECTOR	0.4	Director	$0	$0	$0
CHANG OH TURKMANI	DIRECTOR	0.4	Director	$0	$0	$0
DR CLAES WAHLESTEDT	DIRECTOR	0.4	Director	$0	$0	$0
ELLIOT KROWE	DIRECTOR (AS OF 05/2025)	0.4	Director	$0	$0	$0
FIDELMA FARINAS-COBAS	DIRECTOR (AS OF 09/2024)	0.4	Director	$0	$0	$0
GIACOMO BOSSA	DIRECTOR	0.4	Director	$0	$0	$0
JOHN KEELER	DIRECTOR (AS OF 03/2025)	0.4	Director	$0	$0	$0
JOSEPH GULINO	DIRECTOR (AS OF 09/2024)	0.4	Director	$0	$0	$0
MARCELO DE SANTIS	DIRECTOR (AS OF 05/2025)	0.4	Director	$0	$0	$0
NANCY JEAN DAVIS	DIRECTOR	0.4	Director	$0	$0	$0
NARENDRA KINI	DIRECTOR (AS OF 05/2025)	0.4	Director	$0	$0	$0
PATRICE TEDESKO	DIRECTOR	0.4	Director	$0	$0	$0
PATRICIA GUINN	DIRECTOR (AS OF 05/2025)	0.4	Director	$0	$0	$0
PER LOOF	DIRECTOR/CHAIR EMERITUS	0.4	Director	$0	$0	$0
RADMILA LOLLY	DIRECTOR	0.4	Director	$0	$0	$0
ROBERT C GANG ESQ	DIRECTOR	0.4	Director	$0	$0	$0
ROBERT DINERSTEIN	DIRECTOR	0.4	Director	$0	$0	$0
SANDRA SAVINI	DIRECTOR	0.4	Director	$0	$0	$0
THOMAS HEISLER	DIRECTOR (THRU 02/2025)	0.4	Director	$0	$0	$0
VICTOR H MENDELSON	DIRECTOR	0.4	Director	$0	$0	$0
MARIA TODARO	GENERAL DIRECTOR AND CEO (AS OF 06/2024)	1.0	Officer	$0	$10,539	$176,751
SUSANA DIAZ	DIRECTOR OF FINANCE	1.0	Officer	$0	$11,303	$117,027
TANYA BYNG	CHIEF ADVANCEMENT OFFICER (THRU 02/2025)	1.0	Officer	$0	$9,561	$112,041

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	$5,658,594	$4,767,545	$229,538	$891,049
2024	$5,135,398	$3,974,031	$113,488	$1,161,367
2023	$4,698,276	$4,553,903	$222,281	$144,373
2022	$3,555,793	$3,525,689	$224,438	$30,104
2021	$1,737,062	$1,401,962	$367,736	$335,100
2020	$3,202,178	$3,166,665	$282,338	$35,513
2019	$3,343,203	$3,778,732	$265,218	$-435,529
2018	$3,934,999	$5,735,758	$307,679	$-1,800,759