FRIENDS OF THE WRIGHT OPERA HOUSE INC

EIN: 262039839 501(c)(3) Arts, Culture & Humanities

OURAY, CO

Total Revenue
$390,542
Total Expenses
$398,079
Total Assets
$2,699,497
Net Assets
$2,282,769
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
CO
Phone
9703254399
Tax Period
2023-01-01 to 2023-12-31

FRIENDS OF THE WRIGHT OPERA HOUSE INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $391K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $2.3M represent 70 months of operating reserves.

Mission

The Friends of the Wright Opera House are dedicated to restoring and preserving the 1888 historic Wright Opera House providing a venue for quality arts education and social events thus contributing to the economic and cultural vitality of the Ouray CO area.

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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 (2023)

Revenue Breakdown

Contributions & Grants $222,529
Program Service Revenue $127,852
Investment Income $-522
Other Revenue $40,683
TOTAL REVENUE $390,542

Expense Breakdown

Grants Paid $0
Salaries & Benefits $67,843
Fundraising Expenses $0
Program Expenses $214,729
Other Expenses $330,236
TOTAL EXPENSES $398,079

Year-over-Year Comparison

2023 2022 Change
Revenue $390,542 $356,594 +0.1%
Expenses $398,079 $473,558 -0.2%
Net Income $-7,537 $-116,964 -0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
4
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
5
$16,246
Total Directors
9
$6,192
Key Employees
2
$45,156
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ann Fellin Executive Director 40.00
Key Emp
$9,467 $0 $9,467
Kate Jones Former President 10.00
Officer
$10,054 $0 $10,054
Liz Owens Treasurer 15.00
Officer Director
$650 $0 $650
Kit Meckel Vice President 10.00
Officer Director
$0 $0 $0
Eliza Wister President 4.00
Officer Director
$0 $0 $0
Lou Hart Secretary 3.00
Officer Director
$5,542 $0 $5,542
Isabella Geyer Member 3.00
Director
$0 $0 $0
Susan Yoder Member 1.00
Director
$0 $0 $0
Marc Hitchcox Member 1.00
Director
$0 $0 $0
Brooke Easley Former - Executive Director 30.00
Key Emp
$35,689 $0 $35,689
Mia Wentworth Member 1.00
Director
$0 $0 $0
Russell McCrady Member 1.00
Director
$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 $390,542 $398,079 $2,699,497 $-7,537
2023 $390,542 $398,079 $2,699,497 $-7,537
2022 $356,594 $473,558 $2,718,441 $-116,964
2021 $666,491 $355,715 $2,834,575 $310,776
2020 $280,640 $266,450 $2,719,872 $14,190
2019 $380,246 $180,915 $2,650,537 $199,331
2018 $258,034 $131,749 $2,298,216 $126,285
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