PITTSBURGH, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PITTSBURGH FESTIVAL OPERA, founded in 1978, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $90K in total revenue in fiscal year 2023. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $310K exceeded revenue, resulting in a 245% operating deficit.
PITTSBURGH FESTIVAL OPERA PRESENTS INNOVATIVE OPERA FOR IMAGINATIVE AUDIENCES. PITTSBURGH FESTIVAL OPERA IS PITTSBURGH'S MODERN MUSIC DRAMA COMPANY AND, AS SUCH, FOCUSES ON CREATING NEW WORKS, ON REINTERPRETING OLDER WORKS IN NEW WAYS, ON BUILDING DIVERSITY IN PROGRAMMING AND CASTING, ON SUPPORTING EMERGING TALENT, AND ON BROADENING AUDIENCES THROUGH OUTREACH AND EDUCATION.
THE PITTSBURGH FESTIVAL OPERA'S PROGRAM IS TO OFFER ENTERTAINING PROGRAMMING IN AN INNOVATIVE WAY THAT BRINGS TOGETHER BOTH NEW AND OLD WORKS FOR THE WIDEST POSSIBLE AUDIENCES. YOUTH, TEACHERS, AND...
THE PITTSBURGH FESTIVAL OPERA'S PROGRAM IS TO OFFER ENTERTAINING PROGRAMMING IN AN INNOVATIVE WAY THAT BRINGS TOGETHER BOTH NEW AND OLD WORKS FOR THE WIDEST POSSIBLE AUDIENCES. YOUTH, TEACHERS, AND FAMILIES HAVE BEEN ABLE TO PARTICIPATE IN QUALITY ARTS EDUCATION PROGRAMS IN WESTERN PENNSYLVANIA THROUGH THE PASSION AND DEDICATION OF THE ORGANIZATION'S FOUNDER, MRS. MILDRED MILLER POSVAR. THE ORGANIZATION CONTINUES THE MISSION OF EQUALITY, DIVERSITY, AND INCLUSIVITY WITH FREE PROGRAMMING AND CONTENT TO SUPPORT INDIVIDUALS IN THEIR ACADEMIC SUCCESS THROUGH MUSIC AND ART. THE ORGANIZATION EDUCATION PROGRAMS INCLUDE OPERA TOTS!, OPERA EXPERTS, AND OPERA THROUGH THE GENERATIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $89,853 | $628,102 | -0.9% |
| Expenses | $309,780 | $591,057 | -0.5% |
| Net Income | $-219,927 | $37,045 | -6.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DR EUGENE MYERS | PRESIDENT | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL KNAUB | BOARD CHAIR | 1.50 |
Director
|
$0 | $0 | $0 |
| CAROLE KAMIN | BOARD MEMBER | 1.50 |
Director
|
$0 | $0 | $0 |
| MARIA SPACAGNA | BOARD MEMBER | 1.50 |
Director
|
$0 | $0 | $0 |
| JOHN BARBER | BOARD MEMBER | 1.50 |
Director
|
$0 | $0 | $0 |
| JANICE ROSENBERG | BOARD MEMBER | 1.50 |
Director
|
$0 | $0 | $0 |
| MARINA POSVAR | BOARD MEMBER | 1.50 |
Director
|
$0 | $0 | $0 |
| MARGARETHA CASSELBRANT | BOARD MEMBER | 1.50 |
Director
|
$0 | $0 | $0 |
| ROXANA BARAD | BOARD MEMBER | 1.50 |
Director
|
$0 | $0 | $0 |
| MARIANNE CORNETTI | GENERAL MANAGER AND ARTIST | 40.00 |
Officer
|
$83,191 | $8,484 | $91,675 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $89,853 | $309,780 | $89,520 | $-219,927 |
| 2022 | $628,102 | $591,057 | $195,833 | $37,045 |
| 2021 | $656,627 | $921,756 | $277,338 | $-265,129 |
| 2020 | $591,539 | $682,954 | $207,736 | $-91,415 |
| 2019 | $904,907 | $898,897 | $147,672 | $6,010 |
| 2018 | $766,415 | $848,421 | $183,049 | $-82,006 |
Compare PITTSBURGH FESTIVAL OPERA with other nonprofits in Pennsylvania and across the country.