Florida Grand Opera

Legal name: Florida Grand Opera Inc

Nonprofit profile at a glance

EIN
650496477
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Miami, Florida, US
Phone
(305) 854-1643
Rating
47
Verdict
MIXED
Rating confidence
Standard
Sector
Arts, Culture, and Humanities

Official website

Reported finances

Revenue
$415,034
Expenses
$252,724
Assets
$9,151,168
Liabilities
$1,230,338

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

27 people listed

Executive titles in this filing

  • MARIA TODARO (GENERAL DIRECTOR AND CEO (AS OF 06/2024))

Highest reported compensation

  • MARIA TODARO (GENERAL DIRECTOR AND CEO (AS OF 06/2024)): $176,751 total reported compensation
  • SUSANA DIAZ (DIRECTOR OF FINANCE): $117,027 total reported compensation
  • TANYA BYNG (CHIEF ADVANCEMENT OFFICER (THRU 02/2025)): $112,041 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Pushing opera’s artistic boundaries, fostering the next generation of talent, and creating unforgettable experiences that inspire and connect our diverse community.

What it reported doing in 2024

Supported the operations of the greater miami opera, inc. And the opera guild, inc. In the production and presentation of operas in their original languages to the public. Over 23,000 people benefited from the productions held in the 2025/2026 season. Studio artist program - founded in 1984, fo's studio artist ("sa") program has gained worldwide recognition as one of the leading operatic training programs in the united states. The sa program is designed for artists who have completed advanced degrees from the top music schools in the country, and have often participated in other yearlong residency programs. The program not only exists to provide the highest caliber training for young opera singers but also serves as an invaluable community liaison for fgo; presenting a vast number of outreach and education events throughout south Florida, bringing opera to new and diverse audiences throughout the region. Outreach and education - fgo's presents more than 70 programs each year based in the community. This includes but is not limited to free concerts for the general public and working with children of various backgrounds. Project activities will include an introduction to opera, vocal/musical elements, production elements, and live opera experiences.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 5
  • Transparency & Controls: 80
  • Accountability: 76
  • Sustainability: 72
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 1%; rating input score 1
  • Program expense ratio: 1.5%; rating input score 1
  • Fundraising efficiency: $10.51 raised per $1 spent on fundraising; rating input score 41; 41st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 82.6%; rating input score 83; 22nd percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 39.1%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 36.21; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 160.6%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -15.7% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: 2.1% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: -4.3% per year; rating input score 0; 11th percentile among comparable filings

Details

  • What they do: 8 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 1% of revenue deployed · 1.5% of spending went to programs
  • Governance: 19 of 23 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $4K in reported program spending
  • Leadership: top reported pay $177K · 27 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.1M reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 8 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Mission deployment rate scored 1/100.
  • High — Financial Efficiency: Program expense ratio scored 1/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 41/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 23/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.