DENVER LYRIC OPERA GUILD

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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

1965

Legal Domicile

Principal Officer

KATHY VAN ARSDALE

Phone

3038845035

Tax Period

2023-06-01 to 2024-05-31

DENVER LYRIC OPERA GUILD, founded in 1965, is a small nonprofit in the Arts, Culture & Humanities sector that reported $165K in total revenue in fiscal year 2023. Revenue surged 78% from the prior year, signaling strong growth momentum. Expenses of $193K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE ENCOURAGEMENT AND SUPPORT OF YOUNG SINGERS AND THE CONTINUING EDUCATION OF MEMBERS IN THE APPRECIATION AND KNOWLEDGE OF OPERA.

Program Service Accomplishments

Program 1

Expenses: $65,800 Revenue: $5,604

ANNUAL OPERA COMPETITION, INCLUDING AWARDS TO COMPETITION FINALISTS. THE ANNUAL COMPETITION FOR COLORADO SINGERS OCCURS EACH SPRING. CONTESTANTS ARE THOSE WHO MEET THE REQUIREMENTS FOR ADMISSION TO THE COMPETITION. FINALISTS ARE DETERMINED BY INDIVIDUAL JUDGES AND PRIZE MONIES ARE AWARDED TO THOSE WHO RECEIVE THE HIGHEST RATINGS FROM THE JUDGES.

Program 2

Expenses: $39,800

THE GUILD GIVES GRANTS TO ORGANIZATIONS THAT USE THE MONEY TO PROVIDE SCHOLARHSHIPS TO YOUNG OPERA SINGERS IN COLORADO. COLORADO COLLEGES, UNIVERSITIES AND OPERA PROGRAMS SUPPORTING YOUNG SINGERS...

THE GUILD GIVES GRANTS TO ORGANIZATIONS THAT USE THE MONEY TO PROVIDE SCHOLARHSHIPS TO YOUNG OPERA SINGERS IN COLORADO. COLORADO COLLEGES, UNIVERSITIES AND OPERA PROGRAMS SUPPORTING YOUNG SINGERS COMPLETE GRANT REQUESTS. GRANT REQUESTS ARE REVIEWED BY THE DENVER LYRIC OPERA GUILD FINANCE COMMITTEE. ALL APPLICANTS ARE EXEMPT ORGANIZATIONS. THE AMOUNT AWARDED TO AN INDIVIDUAL IS DICTATED BY THE INSTITUTION RECEIVING THE GRANT.

Program 3

Expenses: $31,086 Revenue: $29,570

OPERA ON TUESDAYS PROVIDES A LUNCHEON WITH OPERATIC PERFORMANCES BY LOCAL OPERA COMPANIES AND INSTITUTIONS OF HIGHER EDUCATION THAT RECEIVE OUR FUNDS.

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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 $82,979

Program Service Revenue $52,149

Investment Income $30,295

Other Revenue $0

TOTAL REVENUE $165,423

Expense Breakdown

Grants Paid $78,300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $151,539

Other Expenses $114,702

TOTAL EXPENSES $193,002

Year-over-Year Comparison

	2023	2022	Change
Revenue	$165,423	$92,876	+0.8%
Expenses	$193,002	$168,004	+0.1%
Net Income	$-27,579	$-75,128	-0.6%

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

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

$2,875

Total Directors