CLASSIC LYRIC ARTS INC (EIN 900781988) - 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

2011

Legal Domicile

Principal Officer

JOHN HUNTER

Phone

2127493335

Tax Period

2023-11-01 to 2024-10-31

CLASSIC LYRIC ARTS INC, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $570K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

CLASSIC LYRIC ARTS SUPPORTS THE DEVELOPMENT OF YOUNG OPERA SINGERS THROUGH IMMERSIVE TRAINING PROGRAMS IN FRANCE,ITALY AND THE BERKSHIRES. CLA'S MISSION IS TO INSPIRE EMERGING OPERA SINGERS TO ACHIEVE THEIR ARTISTIC POTENTIAL BY TEACHING VOCAL MUSIC THROUGH THE PRISM OF LANGUAGE AND CULTURE.

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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 $226,766

Program Service Revenue $340,982

Investment Income $2,288

Other Revenue $0

TOTAL REVENUE $570,036

Expense Breakdown

Grants Paid $133,360

Salaries & Benefits $200,906

Fundraising Expenses $43,048

Program Expenses $476,758

Other Expenses $232,369

TOTAL EXPENSES $566,635

Year-over-Year Comparison

	2023	2022	Change
Revenue	$570,036	$449,568	+0.3%
Expenses	$566,635	$470,812	+0.2%
Net Income	$3,401	$-21,244	-1.2%

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

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

$46,175

Total Directors

$43,230

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN VISCARDI	EXECUTIVE DI	20.00	Officer	$46,175	$0	$46,175
GLENN MORTON	BOARD MEMBER	20.00	Director	$43,230	$0	$43,230
KELLY CLARKE	BOARD MEMBER	3.00	Director	$0	$0	$0
ALAN FRANKEL	VICE PRES &	4.00	Officer Director	$0	$0	$0
PATRICK GALLAGHER	TREASURER	4.00	Officer Director	$0	$0	$0
JOHN HUNTER	PRESIDENT &	4.00	Officer Director	$0	$0	$0
KAREN KELLY	BOARD MEMBER	3.00	Director	$0	$0	$0
ROBIN SHOEMAKER	BOARD MEMBER	3.00	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	$570,036	$566,635	$97,032	$3,401
2023	$449,568	$470,812	$93,356	$-21,244
2022	$439,694	$409,263	$113,325	$30,431
2021	$274,942	$269,888	$87,973	$5,054
2020	$74,399	$70,040	$77,991	$4,359
2019	$234,864	$246,212	$22,086	$-11,348
2018	$219,064	$274,975	$33,729	$-55,911
2018	$219,064	$220,975	$33,729	$-1,911

CLASSIC LYRIC ARTS INC