OPERA PHILADELPHIA (EIN 231504706) - 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

1975

Legal Domicile

Principal Officer

ANTHONY ROTH COSTANZO

Phone

2158933600

Tax Period

2024-06-01 to 2025-05-31

OPERA PHILADELPHIA, founded in 1975, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $11.1M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

OPERA PHILADELPHIA IS COMMITTED TO EMBRACING INNOVATION AND DEVELOPING OPERA FOR THE 21ST CENTURY.

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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 $10,269,544

Program Service Revenue $643,489

Investment Income $38,482

Other Revenue $135,869

TOTAL REVENUE $11,087,384

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,931,903

Fundraising Expenses $1,435,572

Program Expenses $7,686,484

Other Expenses $6,435,936

TOTAL EXPENSES $11,367,839

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,087,384	$9,367,212	+0.2%
Expenses	$11,367,839	$11,583,520	0.0%
Net Income	$-280,455	$-2,216,308	-0.9%

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

287

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

$529,561

Total Directors

Key Employees

$179,100

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID DEVAN	PRESIDENT UNTIL 5/31/24	60.00	Officer	$329,209	$36,879	$366,088
ANTHONY ROTH COSTANZO	PRESIDENT FROM 6/1/24	60.00	Officer	$159,583	$3,890	$163,473
DAVID LEVY	SVP OF ARTISTIC OPERA	60.00	Key Emp	$169,950	$9,150	$179,100
IRMAJEANNE RANGE	VP OF DEVELOPMENT	60.00	Highest	$137,192	$14,328	$151,520
DERRELL ACON	VP OF PEOPLE OPERATIONS &	60.00	Highest	$141,389	$9,735	$151,124
VERONICA S CHAPMAN-SMITH	VP OF COMMUNITY INITIATIVE	60.00	Highest	$141,110	$7,533	$148,643
REBECCA MIRIAM ACKERMAN	SR DIR OF DEVELOPMENT	60.00	Highest	$114,994	$14,049	$129,043
DERREN A MANGUM	DIR OF INSTITUTIONAL GIVIN	60.00	Highest	$102,000	$5,708	$107,708
PETER LEONE	CHAIR	3.00	Officer Director	$0	$0	$0
WILLO CAREY	VICE CHAIR	3.00	Officer Director	$0	$0	$0
CHARLES C FREYER	VICE CHAIR	3.00	Officer Director	$0	$0	$0
THOMAS MAHONEY	TREASURER	3.00	Officer Director	$0	$0	$0
IRA BRIND	DIRECTOR	3.00	Director	$0	$0	$0
LARRY BROWNLEE	DIRECTOR	3.00	Director	$0	$0	$0
KATHERINE CHRISTIANO	DIRECTOR	3.00	Director	$0	$0	$0
WILLIAM DUNBAR	DIRECTOR	3.00	Director	$0	$0	$0
DAVID FERGUSON	DIRECTOR	3.00	Director	$0	$0	$0
DEENA GU LATIES	DIRECTOR	3.00	Director	$0	$0	$0
ALEXANDER HANKIN	DIRECTOR	3.00	Director	$0	$0	$0
JOHN KARAMATSOUKAS	DIRECTOR	3.00	Director	$0	$0	$0
STEPHEN KLASKO	DIRECTOR	3.00	Director	$0	$0	$0
BEVERLY LANGE	DIRECTOR	3.00	Director	$0	$0	$0
DAVID LOW	DIRECTOR	3.00	Director	$0	$0	$0
SARAH MARSHALL	DIRECTOR	3.00	Director	$0	$0	$0
TANEISE S MARSHALL	DIRECTOR	3.00	Director	$0	$0	$0
AGNES MULRONEY	DIRECTOR	3.00	Director	$0	$0	$0
COLLEEN O'RIORDAN	DIRECTOR	3.00	Director	$0	$0	$0
STEPHEN PESNER	DIRECTOR	3.00	Director	$0	$0	$0
NABILA SAJID	DIRECTOR	3.00	Director	$0	$0	$0
NANCY SANDERS	DIRECTOR	3.00	Director	$0	$0	$0
BOB SCHENA	DIRECTOR	3.00	Director	$0	$0	$0
CAROLYN SEIDLE	DIRECTOR	3.00	Director	$0	$0	$0
BARBARA TEICHERT	DIRECTOR	3.00	Director	$0	$0	$0
LISA WASHINGTON	DIRECTOR	3.00	Director	$0	$0	$0
KATHLEEN WEIR	DIRECTOR	3.00	Director	$0	$0	$0
YUEYI ZHOU	DIRECTOR	3.00	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	$11,087,384	$11,367,839	$6,428,122	$-280,455
2024	$9,367,212	$11,583,520	$7,275,973	$-2,216,308
2023	$9,534,659	$11,912,697	$9,340,807	$-2,378,038
2022	$11,047,971	$9,604,314	$10,821,353	$1,443,657
2021	$7,077,421	$7,649,967	$9,711,228	$-572,546
2020	$14,393,165	$11,505,746	$10,547,341	$2,887,419
2019	$14,831,681	$15,440,777	$10,007,372	$-609,096
2018	$17,685,641	$17,682,424	$10,318,421	$3,217

OPERA PHILADELPHIA