CHICAGO FRINGE OPERA (EIN 812861492) - 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

2014

Legal Domicile

Principal Officer

Laura Smalley

Phone

7733123930

Tax Period

2021-07-01 to 2022-06-30

CHICAGO FRINGE OPERA, founded in 2014, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $69K in total revenue in fiscal year 2021. Revenue surged 100% from the prior year, signaling strong growth momentum.

Mission

Perform classical vocal and chamber music through various staged and produced performances, and provide education on the artform. Performances include two mainstage operatic productions, 1-2 recitals, and other performances and community building events throughout the year. In our FY21 (tax year 2020), we were limited on production options due to Covid-19 restrictions. In lieu of mainstage performances we embarked on a digital production venture of new works which lasted throughout our season. We were also contracted for a very small fee to release a video of an original work on public television, and we had one outdoor engagement performance.

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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 (2021)

Revenue Breakdown

Contributions & Grants $45,076

Program Service Revenue $23,955

Investment Income $0

Other Revenue $0

TOTAL REVENUE $69,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,225

Fundraising Expenses $585

Program Expenses $52,374

Other Expenses $24,780

TOTAL EXPENSES $74,005

Year-over-Year Comparison

	2021	2020	Change
Revenue	$69,031	$34,500	+1.0%
Expenses	$74,005	$23,563	+2.1%
Net Income	$-4,974	$10,937	-1.5%

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

$3,600

Key Employees

$4,100

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Laura Smalley	Executive Director	20	Director Key Emp Highest	$1,600	$0	$1,600
George Cederquist	Producing Artistic Director	20	Director Key Emp	$1,000	$0	$1,000
Catherine OShaughnessy	Music Director	20	Director Key Emp	$1,000	$0	$1,000
Jennifer Schuler	Marketing, Brand, & Web Director	5	Key Emp	$500	$0	$500

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
2022	$69,031	$74,005	$44,789	$-4,974

CHICAGO FRINGE OPERA