OPERA CAROLINA ENDOWMENT (EIN 202533756) - 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

2004

Legal Domicile

Principal Officer

JAMES MEENA

Phone

7043327177

Tax Period

2023-07-01 to 2024-06-30

OPERA CAROLINA ENDOWMENT, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $268K in total revenue in fiscal year 2023. Revenue surged 333% from the prior year, signaling strong growth momentum. Expenses of $332K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO SUPPORT THE ONGOING EDUCATIONAL AND CULTURAL ACTIVITIES OF OPERA CAROLINA.

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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 $0

Program Service Revenue $0

Investment Income $268,064

Other Revenue $0

TOTAL REVENUE $268,064

Expense Breakdown

Grants Paid $318,007

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $318,007

Other Expenses $13,670

TOTAL EXPENSES $331,677

Year-over-Year Comparison

	2023	2022	Change
Revenue	$268,064	$61,912	+3.3%
Expenses	$331,677	$150,207	+1.2%
Net Income	$-63,613	$-88,295	-0.3%

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

N/A

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

$77,393

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
C WELLS HALL III	SECRETARY	1.00	Director	$0	$0	$0
STEPHEN PHILIPSON	DIRECTOR	1.00	Director	$0	$0	$0
BROOKS CAREY	DIRECTOR	1.00	Director	$0	$0	$0
FRANK BONCIMINO	DIRECTOR	1.00	Director	$0	$0	$0
W THAD ADAMS III	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE EDMISTON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MEENA	PRESIDENT	1.00	Officer	$0	$0	$77,393

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	$268,064	$331,677	$3,902,772	$-63,613
2023	$61,912	$150,207	$4,076,497	$-88,295
2022	$16,145	No data	$4,163,276	No data
2021	$264,517	$100,529	$4,426,596	$163,988
2020	$275,087	$85,846	$4,003,076	$189,241
2019	$155,888	$59,280	$3,793,180	$96,608
2018	$357,800	$76,801	$3,662,476	$280,999

OPERA CAROLINA ENDOWMENT