ARIZONA OPERA COMPANY

EIN: 237169261 501(c)(3) Arts, Culture & Humanities

PHOENIX, AZ

Total Revenue
$6,650,102
Total Expenses
$8,223,670
Total Assets
$16,278,411
Net Assets
$15,211,360
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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
AZ
Principal Officer
DAVID HEAP
Phone
6022667464
Tax Period
2023-07-01 to 2024-06-30

ARIZONA OPERA COMPANY, founded in 1971, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.7M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $8.2M exceeded revenue, resulting in a 24% operating deficit.

Mission

ARIZONA OPERA ELEVATES THE TRANSFORMATIVE POWER OF STORYTELLING THROUGH MUSIC - CULTIVATING COMMUNITY AND STRENGTHENING A STATE AND PEOPLE AS ADVENTUROUS AND DIVERSE AS THE PLACE THEY CALL HOME.

Program Service Accomplishments

Program 1
Expenses: $5,744,207 Revenue: $1,487,970

ARIZONA OPERA'S 2023/24 SEASON INCLUDED FOUR FULLY STAGED IN-THEATER PRODUCTIONS, AS WELL AS A NUMBER OF EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS THAT EXTENDED THROUGHOUT THE YEAR. THE FALL 2023...

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ARIZONA OPERA'S 2023/24 SEASON INCLUDED FOUR FULLY STAGED IN-THEATER PRODUCTIONS, AS WELL AS A NUMBER OF EDUCATION AND COMMUNITY ENGAGEMENT PROGRAMS THAT EXTENDED THROUGHOUT THE YEAR. THE FALL 2023 FEATURED FIVE PERFORMANCES OF GREGG KALLOR'S FRANKENSTEIN AS PART OF THE MCDOUGALL RED SERIES, PERFORMED AT THE HERBERGER THEATER CENTER IN PHOENIX AND THE TEMPLE OF MUSIC AND ART IN TUCSON. FROM JANUARY THROUGH APRIL 2024, ARIZONA OPERA PRESENTED THREE OPERAS IN ITS MAIN STAGE SERIES, PERFORMED AT SYMPHONY HALL IN PHOENIX AND THE LINDA RONSTADT MUSIC HALL IN TUCSON. THE THREE MAIN STAGE SERIES OFFERING WERE ROSSINI'S THE BARBER OF SEVILLE, GOUNOD'S ROMEO ET JULIETE , AND MOZART'S DON GIOVANNI. IN ADDITION TO IN-THEATER PRODUCTIONS, ARIZONA OPERA'S NEXTGEN INITIATIVE CONTINUED ITS FOCUS ON (CONTINUED ON SCHEDULE O) DEVELOPING THE NEXT GENERATION OF OPERA ARTISTS AND AUDIENCES, INCLUDING A ROBUST SCHEDULE OF K-12 EDUCATIONAL AND COMMUNITY PROGRAMS, AND TRAINING PROGRAMS FOR EMERGING PROFESSIONALS. THESE PROGRAMS INCLUDED OUR IN-SCHOOL ARLYN M. BREWSTER OPERATUNITY TOUR THAT REACHES OVER 30,000 CHILDREN PER YEAR ACROSS THE STATE AND OUR STUDENT PREVIEW PERFORMANCES IN THEATER; OUR ELITE TRAINING PROGRAMS FOR YOUNG SINGERS AND THEATER TECHNICIANS, INCLUDING THE MARION ROOSE PULLIN STUDIO AND THE PRODUCTION APPRENTICE PROGRAMS, WHICH GIVE SINGERS, PIANISTS, STAGE DIRECTORS, AND PRODUCTION TECHNICIANS THE PROFESSIONAL EXPERIENCE THEY NEED TO LAUNCH THEIR CAREERS; AND A WIDE VARIETY OF COMMUNITY ENGAGEMENT AND ADULT EDUCATION OPPORTUNITIES THAT ALLOW US TO SERVE OUR COMMUNITY IN THE MOST FULSOME WAY POSSIBLE, WHETHER ONE BRAND NEW TO OPERA, OR A LIFELONG FAN. IN THE 2023/24 SEASON, ARIZONA OPERA SERVED APPROXIMATELY 12,000 ARIZONANS THROUGH IN-THEATER PERFORMANCES; OVER 35,000 K-12 STUDENTS THROUGH OUR EDUCATION PROGRAMS; AND NEARLY 10,000 RESIDENTS THROUGH OUR COMMUNITY PROGRAMS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,791,605
Program Service Revenue $1,337,000
Investment Income $462,950
Other Revenue $58,547
TOTAL REVENUE $6,650,102

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,812,882
Fundraising Expenses $724,755
Program Expenses $5,744,207
Other Expenses $4,410,788
TOTAL EXPENSES $8,223,670

Year-over-Year Comparison

2023 2022 Change
Revenue $6,650,102 $5,527,418 +0.2%
Expenses $8,223,670 $8,875,073 -0.1%
Net Income $-1,573,568 $-3,347,655 -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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Governance

Voting Members
29
Independent Members
29
Employees
485
Volunteers
31

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
7
$308,362
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN ESCO CHANDLER DIRECTOR 2.00
Director
$0 $0 $0
JEAN S COOPER DIRECTOR 2.00
Director
$0 $0 $0
ANDREA CRANE DIRECTOR 2.00
Director
$0 $0 $0
RICHARD CREATH DIRECTOR 2.00
Director
$0 $0 $0
BARRY FINGERHUT DIRECTOR 2.00
Director
$0 $0 $0
NANCY FOSTER DIRECTOR 2.00
Director
$0 $0 $0
ROSIE GARCIA DIRECTOR 2.00
Director
$0 $0 $0
GARY GREENBAUM DIRECTOR 2.00
Director
$0 $0 $0
ANN HAND DIRECTOR 2.00
Director
$0 $0 $0
STEPHEN HARDY DIRECTOR 2.00
Director
$0 $0 $0
GARY JACKSON DIRECTOR 2.00
Director
$0 $0 $0
SHARON LANDIS DIRECTOR 2.00
Director
$0 $0 $0
MIRANDA LUMER DIRECTOR 2.00
Director
$0 $0 $0
JENNY AUGER MAW DIRECTOR 2.00
Director
$0 $0 $0
SHERRY MIDDLEMAS DIRECTOR 2.00
Director
$0 $0 $0
DR HERSCHEL ROSENZWEIG DIRECTOR 2.00
Director
$0 $0 $0
JEANNETTE J SEGEL DIRECTOR 2.00
Director
$0 $0 $0
COLONEL RET KIMBERLY SMITH DIRECTOR 2.00
Director
$0 $0 $0
LINDA STAUBITZ DIRECTOR 2.00
Director
$0 $0 $0
HEATHER M STRICKLAND DIRECTOR 2.00
Director
$0 $0 $0
JENNY HOLSMAN TETREAULT DIRECTOR 2.00
Director
$0 $0 $0
ROMA WITTCOFF DIRECTOR 2.00
Director
$0 $0 $0
DR JUDITH G WOLF DIRECTOR 2.00
Director
$0 $0 $0
DAVID HEAP CHAIR 2.00
Officer Director
$0 $0 $0
KIMBERLY J KAUFFMAN VICE CHAIR 2.00
Officer Director
$0 $0 $0
ERIK PETERSON VICE CHAIR 2.00
Officer Director
$0 $0 $0
SCOTT STALLARD TREASURER 2.00
Officer Director
$0 $0 $0
KAY MCDOUGALL SECRETARY 2.00
Officer Director
$0 $0 $0
DR STEPHEN MUNK IMMEDIATE PAST CHAIR 2.00
Officer Director
$0 $0 $0
JOEPH SPECTER PRESIDENT & GENERAL DIRECTOR 45.00
Officer
$296,250 $12,112 $308,362
JOANN SERRA DIRECTOR OF FINANCE, ADMINISTRATION AND HUMAN RESO 40.00
Highest
$122,396 $8,736 $131,132
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 No data No data No data No data
2024 $6,650,102 $8,223,670 $16,278,411 $-1,573,568
2023 $5,527,418 $8,875,073 $17,923,049 $-3,347,655
2022 $12,029,280 $7,997,957 $13,623,494 $4,031,323
2021 $5,203,116 $4,295,525 $9,811,779 $907,591
2020 $6,725,476 $7,058,810 $8,418,890 $-333,334
2019 $9,313,582 $7,231,197 $8,142,535 $2,082,385
2018 $9,626,845 $7,315,726 $6,325,861 $2,311,119
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