MISSISSIPPI OPERA ASSOCIATION INC (EIN 237113188) - 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

1945

Legal Domicile

Tax Period

2022-07-01 to 2023-06-30

MISSISSIPPI OPERA ASSOCIATION INC, founded in 1945, is a small nonprofit in the Arts, Culture & Humanities sector that reported $391K in total revenue in fiscal year 2022. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $459K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROMOTE & ENCOURAGE THE ENJOYMENT STUDY & APPRECIATION OF OPERA. TO HELP IN THE DEVELOPMENT OF OPERATIC TALENT & PROVIDE CULTURAL ENRICHMENT FOR THE PUBLIC THROUGH OPERATIC PERFORMANCES

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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 (2022)

Revenue Breakdown

Contributions & Grants $213,395

Program Service Revenue $176,114

Investment Income $1,193

Other Revenue $0

TOTAL REVENUE $390,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,454

Fundraising Expenses $29,687

Program Expenses $318,031

Other Expenses $398,056

TOTAL EXPENSES $458,510

Year-over-Year Comparison

	2022	2021	Change
Revenue	$390,702	$240,015	+0.6%
Expenses	$458,510	$284,652	+0.6%
Net Income	$-67,808	$-44,637	+0.5%

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

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
ORA REED	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT NEWTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MONA REDDY	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA TRAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JAY DEAN	ARTISTIC DIRECTOR	2.00	Director	$0	$0	$0
SHARON WARNOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY COLLINS	BOARD MEMBER	1.00	Director	$0	$0	$0
MERINA HANSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON PRATT	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNN WEDGEWPRTH	BOARD MEMBER	1.00	Director	$0	$0	$0
ROB JONES	VICE PRESIDENT	1.00	Officer	$0	$0	$0
MARY ATCHLEY	PRESIDENT	1.00	Officer	$0	$0	$0
ANTHONY CLOY	SECRETARY	1.00	Officer	$0	$0	$0
HOGAN ALLEN	TREASURER	1.00	Officer	$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
2024	No data	No data	No data	No data
2023	$390,702	$458,510	$127,740	$-67,808
2022	$240,015	$284,652	$121,555	$-44,637
2021	$206,880	$170,985	$154,260	$35,895
2020	$185,300	$171,471	$105,168	$13,829
2019	$258,300	$325,774	$72,667	$-67,474

MISSISSIPPI OPERA ASSOCIATION INC