OPERA FESTIVAL OF CHICAGO INC (EIN 842527440) - 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

2019

Legal Domicile

Phone

3125601072

Tax Period

2022-10-01 to 2023-09-30

OPERA FESTIVAL CHICAGO, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $196K in total revenue in fiscal year 2020.

Mission

To present world-class standard productions of Italian opera masterpieces in Chicago that rarely grace the stage in the United States.

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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 (2022)

Revenue Breakdown

Contributions & Grants $267,475

Program Service Revenue $42,644

Investment Income $0

Other Revenue $0

TOTAL REVENUE $310,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $198,388

Fundraising Expenses $148

Program Expenses $273,402

Other Expenses $102,941

TOTAL EXPENSES $301,329

Year-over-Year Comparison

	2022	2021	Change
Revenue	$310,119	$270,821	+0.1%
Expenses	$301,329	$279,625	+0.1%
Net Income	$8,790	$-8,804	-2.0%

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

$22,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frank DeVincentis	Chair	1.00	Officer Director	$0	$0	$0
Laura Pils	Secretary	1.00	Officer Director	$0	$0	$0
Tim Corpus	Treasurer	1.00	Officer Director	$0	$0	$0
Sasha Gerritson	Interim General Director	5.00	Director	$0	$0	$0
Robert Massey	General Director	10.00	Key Emp	$12,000	$0	$12,000
Ray Frick	Director	1.00	Director	$0	$0	$0
Carl Larenz	Director	1.00	Director	$0	$0	$0
Gregory Sarlo	Director	1.00	Director	$0	$0	$0
Emanuele Andrizzi	Music Director	10.00	Key Emp	$6,000	$0	$6,000
Franco Pomponi	Artistic Director	10.00	Key Emp	$4,000	$0	$4,000

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	No data	No data	No data	No data
2023	$310,119	$301,329	$2,997	$8,790
2023	$457,892	$458,049	$12,840	$-157
2022	$270,821	$279,625	$29,207	$-8,804
2021	$195,694	$192,683	$13,011	$3,011

OPERA FESTIVAL OF CHICAGO INC