The Opera Atelier Inc
Nonprofit profile at a glance
- EIN
- 454122494
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022, Form 990-N 2016
- Location
- Miami, FL, USA
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $316,227
- Expenses
- $391,009
- Assets
- $228,130
- Liabilities
- $250,680
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Jacqueline Solorzano (Executive Director)
Highest reported compensation
- Jacqueline Solorzano (Executive Director): $19,320 total reported compensation
- Daniel Daroca (Music and Education Director): $16,200 total reported compensation
- Xiomara Ponce (Coaching Director): $14,200 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of The Opera Atelier, Inc. is to make community and drive transformation by advancing the art of opera through performance, education, and social action, in synergy with other art forms and disciplines.
What it reported doing in 2024
The Opera Atelier advances the art of opera through performance, education, and community engagement. Key activities in 2024 included the Younger at Arts (YA!) Program, empowering seniors through diverse arts activities like a Senior Community Chorus, Music Appreciation, Writing workshops, Storytelling, Art Classes, Exhibitions, Cultural Outings, Inter-generational Workshops, and collaborations with local artists, combating isolation and promoting well-being.
Operating model
- Revenue model
- Grant-funded. 70% of the money available for current operations came from government grants.
- 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
SUPPORTED - 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: 52
- Transparency & Controls: 82
- Accountability: 68
- Sustainability: 17
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.2%; rating input score 58
- Program expense ratio: 47.1%; rating input score 47
- Fundraising efficiency: $9.73 raised per $1 spent on fundraising; rating input score 38; 38th percentile among comparable filings
Transparency & Controls
- Consistency checks: 81.8%; rating input score 82; 1st percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 22
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -23.6%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 0.58; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 1.1; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 14%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: 71.1% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 25.4% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 68.6% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 58.2% of revenue deployed · 47.1% of spending went to programs
- Governance: 4 of 4 board members independent · 2 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $196K in reported program spending
- Leadership: top reported pay $19K · 4 people listed
- Consistency: 39 of 41 current checks pass · 2 findings to review
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 58/100.
- Moderate — Financial Efficiency: Program expense ratio scored 47/100.
- High — Accountability: Governance controls: 7 of 9 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 38/100.
- High — Sustainability: Operating margin scored 12/100.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- Moderate — Transparency & Controls: Fund balance restriction sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- High — Sustainability: Officer compensation ratio scored 25/100.