DETROIT OPERA (EIN 382052726) - 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

1971

Legal Domicile

Principal Officer

KATHY NAUER

Phone

3139613500

Tax Period

2024-07-01 to 2025-06-30

DETROIT OPERA, founded in 1971, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $15.4M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $21.0M exceeded revenue, resulting in a 36% operating deficit.

Mission

FOR ORGANIZATION'S MISSION AND LINE 19 DISCUSSION.

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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 $7,297,884

Program Service Revenue $2,672,505

Investment Income $121,432

Other Revenue $5,342,613

TOTAL REVENUE $15,434,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,296,280

Fundraising Expenses $1,820,067

Program Expenses $17,168,015

Other Expenses $11,705,138

TOTAL EXPENSES $21,001,418

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,434,434	$17,012,919	-0.1%
Expenses	$21,001,418	$19,517,916	+0.1%
Net Income	$-5,566,984	$-2,504,997	+1.2%

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

627

Volunteers

430

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

$406,243

Total Directors

Key Employees

$412,468

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PROF NAOMI ANDRE	DIRECTOR	1.00	Director	$0	$0	$0
MR GENE P BOWEN	SECRETARY	2.00	Officer Director	$0	$0	$0
MR RICHARD A BRODIE	DIRECTOR	1.00	Director	$0	$0	$0
MR ETHAN D DAVIDSON	CHAIRMAN	5.00	Officer Director	$0	$0	$0
MR KEVIN DENNIS	DIRECTOR	1.00	Director	$0	$0	$0
MS LISA M DICHIERA	DIRECTOR	1.00	Director	$0	$0	$0
DR SHAUNA RYDER DIGGS	DIRECTOR	1.00	Director	$0	$0	$0
MR ENRICO DIGIROLAMO	DIRECTOR	1.00	Director	$0	$0	$0
MS MARIA C DUEY	DIRECTOR	1.00	Director	$0	$0	$0
MRS MARIANNE ENDICOTT	DIRECTOR	1.00	Director	$0	$0	$0
DR FERN R ESPINO	DIRECTOR	1.00	Director	$0	$0	$0
MR PAUL E EWING	DIRECTOR	1.00	Director	$0	$0	$0
MRS MARY ANN FONTANA	DIRECTOR	1.00	Director	$0	$0	$0
MR BHARAT C GANDHI	TREASURER	2.00	Director	$0	$0	$0
MR JOHN W INGLE III	DIRECTOR	1.00	Director	$0	$0	$0
MS MARY L KRAMER	VICE CHAIR	5.00	Officer Director	$0	$0	$0
MRS BARBARA KRATCHMAN	DIRECTOR	1.00	Director	$0	$0	$0
MS DENISE J LEWIS	VICE CHAIR	5.00	Officer Director	$0	$0	$0
MR ARTHUR C LIEBLER	DIRECTOR	1.00	Director	$0	$0	$0
MR DON MANVEL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MR DEXTER MASON	DIRECTOR	1.00	Director	$0	$0	$0
MR DONALD MORELOCK	DIRECTOR	1.00	Director	$0	$0	$0
DR ALI MOIIN	DIRECTOR	1.00	Director	$0	$0	$0
MR ALLAN NACHMAN	DIRECTOR	1.00	Director	$0	$0	$0
MRS ANN NICHOLSON	DIRECTOR	1.00	Director	$0	$0	$0
PROF SARA POZZI	DIRECTOR	1.00	Director	$0	$0	$0
MRS CARRIE PRYOR	DIRECTOR	1.00	Director	$0	$0	$0
MR PAUL RAGHEB	DIRECTOR	1.00	Director	$0	$0	$0
MS RUTH RATTNER	DIRECTOR	1.00	Director	$0	$0	$0
DR IRVIN D REID	DIRECTOR	1.00	Director	$0	$0	$0
MR EVAN D ROSS	DIRECTOR	1.00	Director	$0	$0	$0
MS NEDDA SHAYOTA	DIRECTOR	1.00	Director	$0	$0	$0
MR TERRY SHEA	DIRECTOR	1.00	Director	$0	$0	$0
MR MATTHEW SIMONCINI	DIRECTOR	1.00	Director	$0	$0	$0
MR RICHARD A SONENKLAR	DIRECTOR	1.00	Director	$0	$0	$0
DR LORNA THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
MR JESSE VENEGAS	DIRECTOR	1.00	Director	$0	$0	$0
MS BARBARA WALKOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
MR GARY WASSERMAN	DIRECTOR	1.00	Director	$0	$0	$0
MR R JAMISON WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
MS ELLEN HILL ZERINGUE	DIRECTOR	1.00	Director	$0	$0	$0
MS PATTY ISACSON SABEE	PRESIDENT & CEO (SEE SCHEDULE O)	40.00	Officer	$398,443	$7,800	$406,243
YUVAL SHARON	DIRECTOR OF PRODUCTION	40.00	Key Emp	$225,764	$7,800	$233,564
CHRISTINE HOLLOWAY	ASSOCIATE ARTISTIC DIRECTOR	40.00	Key Emp	$170,864	$8,040	$178,904
WAYNE BROWN	FORMER CHIEF EXECUTIVE OFFICER	40.00	Highest	$147,981	$1,000	$148,981
DANIEL BRINKER	GENERAL MANAGER	40.00	Highest	$135,935	$1,000	$136,935

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
2025	$15,434,434	$21,001,418	$46,843,503	$-5,566,984
2024	$17,012,919	$19,517,916	$49,591,867	$-2,504,997
2023	$20,797,237	$21,017,080	$51,718,290	$-219,843
2022	$20,610,976	$18,177,656	$51,625,944	$2,433,320
2021	$9,178,032	$8,909,778	$46,812,293	$268,254
2020	$12,539,753	$14,203,243	$46,258,681	$-1,663,490
2019	$19,092,403	$17,522,933	$48,765,402	$1,569,470
2018	$12,560,900	$15,945,158	$47,857,990	$-3,384,258

DETROIT OPERA