WILLIAM LEWIS SCHOOL OF OPERA (EIN 742801838) - 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

1996

Legal Domicile

Principal Officer

FREDERIQUE ADDED

Phone

5124848969

Tax Period

2023-10-01 to 2024-09-30

WILLIAM LEWIS SCHOOL OF OPERA, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $135K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $168K exceeded revenue, resulting in a 24% operating deficit.

Mission

THE ORGANIZATION PROVIDES COMPREHENSIVE SUMMER TRAINING TO OPERA SINGERS.

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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 $18,000

Program Service Revenue $116,097

Investment Income $1,052

Other Revenue $0

TOTAL REVENUE $135,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,000

Fundraising Expenses $18,000

Program Expenses $121,755

Other Expenses $131,674

TOTAL EXPENSES $167,674

Year-over-Year Comparison

	2023	2022	Change
Revenue	$135,149	$241,280	-0.4%
Expenses	$167,674	$227,400	-0.3%
Net Income	$-32,525	$13,880	-3.3%

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

$36,000

Total Directors

$36,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM LEWIS	PRESIDENT	5.00	Officer Director	$0	$0	$0
FREDERIQUE ADDED	VICE PRESIDENT	35.00	Officer Director	$36,000	$0	$36,000
ROBERT SWAFFORD	SECRETARY	5.00	Officer 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
2024	$135,149	$167,674	$85,146	$-32,525
2023	$241,280	$227,400	$117,671	$13,880
2020	$21,309	$35,899	$153,636	$-14,590
2019	$80,718	$85,038	$168,226	$-4,320
2018	$20,490	$63,445	$172,546	$-42,955

WILLIAM LEWIS SCHOOL OF OPERA