FINGER LAKES OPERA INC

EIN: 814716749 501(c)(3) Arts, Culture & Humanities

ROCHESTER, NY

Total Revenue
$541,289
Total Expenses
$632,713
Total Assets
$52,036
Net Assets
$-45,940
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NY
Principal Officer
BLISS OWEN
Phone
5854503880
Tax Period
2023-01-01 to 2023-12-31

FINGER LAKES OPERA INC, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $541K in total revenue in fiscal year 2023. Revenue surged 76% from the prior year, signaling strong growth momentum. Expenses of $633K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO CREATE AND PRODUCE PROFESSIONAL OPERA PRODUCTIONS AND PROGRAMS ON A NOT-FOR-PROFIT BASIS IN THE GREATER ROCHESTER & FINGER LAKES AREAS OF NEW YORK STATE. FLO IS COMMITTED TO CULTIVATING, PROMOTING, DEVELOPING, AND PROVIDING OPERATIC EXPERIENCES TO THE FINGER LAKES AREA ENCOMPASSING ONTARIO & MONROE COUNTIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $416,423
Program Service Revenue $106,192
Investment Income $3
Other Revenue $18,671
TOTAL REVENUE $541,289

Expense Breakdown

Grants Paid $0
Salaries & Benefits $106,170
Fundraising Expenses $2,497
Program Expenses $530,328
Other Expenses $526,543
TOTAL EXPENSES $632,713

Year-over-Year Comparison

2023 2022 Change
Revenue $541,289 $307,269 +0.8%
Expenses $632,713 $369,178 +0.7%
Net Income $-91,424 $-61,909 +0.5%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
3
Volunteers
N/A

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
4
$43,125
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH LONG Executive Dir. 40.00
Officer
$43,125 $0 $43,125
ROSE-MARIE KLIPSTEIN President 25.00
Officer Director
$0 $0 $0
PATRICIA CAREY Treasurer 25.00
Officer Director
$0 $0 $0
MARION ROBINSON Trustee 5.00
Director
$0 $0 $0
ROBERT SHAPIRO Trustee 5.00
Director
$0 $0 $0
KAREN TINSMON Trustee 5.00
Director
$0 $0 $0
BLISS OWEN Trustee 2.00
Director
$0 $0 $0
MARGARET SANCHEZ Trustee 2.00
Director
$0 $0 $0
JAMES WALKER Trustee 2.00
Director
$0 $0 $0
DANIELLE ABRAMSON Trustee 2.00
Director
$0 $0 $0
HELEN ZAMBONI Vice President 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 No data No data No data No data
2023 $541,289 $632,713 $52,036 $-91,424
2022 $307,269 $369,178 $48,995 $-61,909
2021 $335,519 $380,779 $145,874 $-45,260
2020 $148,206 $160,551 $181,464 $-12,345
2019 $486,655 $300,997 $242,694 $185,658
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