TRI-CITIES OPERA COMPANY INC

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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

1952

Legal Domicile

Principal Officer

RONALD PLATT

Phone

6077293444

Tax Period

2023-01-01 to 2023-12-31

TRI-CITIES OPERA COMPANY INC, founded in 1952, is a small nonprofit in the Arts, Culture & Humanities sector that reported $660K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $980K exceeded revenue, resulting in a 48% operating deficit.

Mission

THE PRODUCTION OF PROFESSIONAL QUALITY OPERA USING THE TALENTS OF YOUNG ARTISTS. TCO SETS THE STANDARD FOR ARTISTIC EXCELLENCE WHILE ENRICHING, ENHANCING, ENGAGING & EDUCATING OUR COMMUNITY THROUGH THE POWER OF LIVE MUSICAL STORYTELLING.

Program Service Accomplishments

Program 1

Expenses: $266,356 Revenue: $86,322

THE COMPANY PRODUCED OPERAS TO BE VIEWED BY THE COMMUNITY.

Program 2

Expenses: $19,582 Revenue: $17,667

THE COMPANY'S RESIDENT ARTISTS GO TO SCHOOLS AND OTHER COMMUNITY VENUES TO PRESENT CHILDREN'S OPERA LIVE AND IN-PERSON AND FILM CHILDREN'S OPERA FOR DIGITAL DISTRIBUTION.

Program 3

Expenses: $90,897 Revenue: $89,697

THE COMPANY RENTS COSTUMES AND SETS TO OTHER NONPROFIT ORGANIZATIONS FOR USE IN OPERA PRODUCTIONS.

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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 $488,788

Program Service Revenue $205,161

Investment Income $-33,977

Other Revenue $0

TOTAL REVENUE $659,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $380,926

Fundraising Expenses $37,659

Program Expenses $406,426

Other Expenses $599,128

TOTAL EXPENSES $980,054

Year-over-Year Comparison

	2023	2022	Change
Revenue	$659,972	$1,617,088	-0.6%
Expenses	$980,054	$954,205	+0.0%
Net Income	$-320,082	$662,883	-1.5%

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

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

$71,383

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL CHANDLER	CHAIR	1.00	Officer Director	$0	$0	$0
RONALD PLATT	TREASURER	2.00	Officer Director	$0	$0	$0
JASON FIUME	SECRETARY	1.00	Officer Director	$0	$0	$0
EMILY HUGENHBUCH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS GOODHEART	BOARD MEMBER (PART YEAR)	1.00	Director	$0	$0	$0
AMY GAY	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
ERICA KRYST	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA STEWART	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA BLUMHAGEN	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
NICKOLE THORN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN ROZZONI	GENERAL DIRECTOR	40.00	Officer	$63,879	$7,504	$71,383

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	$659,972	$980,054	$1,085,227	$-320,082
2022	$1,617,088	$954,205	$1,346,820	$662,883
2021	$642,318	$623,954	$785,170	$18,364
2021	$417,630	$340,720	$861,485	$76,910
2019	$716,654	$963,607	$995,876	$-246,953