Skagit Opera DBA Pacific Northwest Opera (EIN 200156714) - 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

Legal Domicile

Phone

3604225070

Tax Period

2024-07-01 to 2025-06-30

Skagit Opera DBA Pacific Northwest Opera is a small nonprofit in the Arts, Culture & Humanities sector that reported $229K in total revenue in fiscal year 2024. The organization ran a surplus of $35K, a strong 15% operating margin.

Mission

Production of classical vocal programming

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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 (2024)

Revenue Breakdown

Contributions & Grants $117,368

Program Service Revenue $106,761

Investment Income $5,243

Other Revenue $0

TOTAL REVENUE $229,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $194,849

Other Expenses $194,849

TOTAL EXPENSES $194,849

Year-over-Year Comparison

	2024	2023	Change
Revenue	$229,372	$215,255	+0.1%
Expenses	$194,849	$171,414	+0.1%
Net Income	$34,523	$43,841	-0.2%

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

N/A

Employees

N/A

Volunteers

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mitchell Kahn	President	20.00	Director	$0	$0	$0
Ray Horak	Board Member	2.00	Director	$0	$0	$0
Sharon Benson	Board Member	2.00	Director	$0	$0	$0
Nancy Riches	Board Member	2.00	Director	$0	$0	$0
Sherrie Kahn	Treasurer	2.00	Director	$0	$0	$0
Wendy LaPrade	Board Member	2.00	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
2025	$229,372	$194,849	$208,166	$34,523
2024	No data	No data	No data	No data
2023	$233,683	$178,671	$135,439	$55,012

Skagit Opera DBA Pacific Northwest Opera