FREMONT OPERA HOUSE INC (EIN 362986253) - Form 990 Financial Analysis & Trantor Score

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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

1975

Legal Domicile

Principal Officer

LEE MEYER

Phone

4027530778

Tax Period

2024-01-01 to 2024-12-31

FREMONT OPERA HOUSE INC, founded in 1975, is a micro nonprofit that reported $56K in total revenue in fiscal year 2024. Expenses of $49K left a modest 11% surplus.

Mission

REHABILITATION, MAINTENANCE AND CONTINUED OPERATION OF THE HISTORIC LANDMARK BUILDING FREMONT OPERA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $15,455

Program Service Revenue $37,897

Investment Income $2,564

Other Revenue $0

TOTAL REVENUE $55,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $49,490

Other Expenses $49,490

TOTAL EXPENSES $49,490

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,916	$52,863	+0.1%
Expenses	$49,490	$54,469	-0.1%
Net Income	$6,426	$-1,606	-5.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEAL CHROMY	DIRECTOR	N/A	Director	$0	$0	$0
JANET LARSEN	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN LARSON	DIRECTOR	N/A	Director	$0	$0	$0
JOHN O'CONNELL	DIRECTOR	N/A	Director	$0	$0	$0
FAYE KREIKEMEIER	SECRETARY	N/A	Officer	$0	$0	$0
CINDI LAMPRECHT	TREASURER	N/A	Officer	$0	$0	$0
LEE MEYER	PRESIDENT	N/A	Officer	$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	$55,916	$49,490	$178,765	$6,426
2023	$52,863	$54,469	$169,891	$-1,606
2022	$59,659	$63,288	$167,954	$-3,629
2021	$44,552	$49,547	$180,194	$-4,995
2020	$47,010	$40,193	$182,272	$6,817
2019	$57,030	$56,061	$175,355	$969
2018	$254,026	$57,749	$161,472	$196,277

FREMONT OPERA HOUSE INC