NATIONAL OPERA HOUSE

EIN: 251864736 501(c)(3) Arts, Culture & Humanities

PITTSBURGH, PA

Total Revenue
$91,702
Total Expenses
$109,738
Total Assets
$864,520
Net Assets
$755,464
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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
2021
Phone
4122128479
Tax Period
2024-01-01 to 2024-12-31

NATIONAL OPERA HOUSE, founded in 2021, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $92K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $110K exceeded revenue, resulting in a 20% operating deficit.

Mission

The purpose of the National Opera House is to restore, preserve and maintain the history, legacy and property at 7101 Apple Street in order to provide a space that serves as an economic asset to the community.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $87,086
Program Service Revenue $2,074
Investment Income $1,500
Other Revenue $1,042
TOTAL REVENUE $91,702

Expense Breakdown

Grants Paid $0
Salaries & Benefits $49,937
Fundraising Expenses $22,437
Other Expenses $59,801
TOTAL EXPENSES $109,738

Year-over-Year Comparison

2024 2023 Change
Revenue $91,702 $183,321 -0.5%
Expenses $109,738 $846,532 -0.9%
Net Income $-18,036 $-663,211 -1.0%
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

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Governance

Voting Members
3
Independent Members
3
Employees
11
Volunteers
20

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
1
$51,923
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONNET SOLOMON EXECUTIVE DIRECTOR 40
Officer
$51,923 $0 $51,923
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 $91,702 $109,738 $864,520 $-18,036
2023 $183,321 $826,008 $859,547 $-642,687
2022 $515,304 $1,231,047 $1,186,376 $-715,743
2021 $1,635,753 $79,911 $1,572,137 $1,555,842
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