GRAND LEDGE OPERA HOUSE AUTHORITY (EIN 382781549) - 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

1987

Legal Domicile

Phone

5176271443

Tax Period

2024-01-01 to 2024-12-31

GRAND LEDGE OPERA HOUSE AUTHORITY, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $205K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $183K left a modest 11% surplus.

Mission

TO PROVIDE THE COMMUNITY WITH A FUNCTIONAL FACILITY WHILE PRESERVING THE HISTORIC, ARCHITECTURAL, AND CULTURAL FEATURES OF THE OPERA HOUSE

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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 $0

Program Service Revenue $160,084

Investment Income $1,741

Other Revenue $43,491

TOTAL REVENUE $205,316

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,436

Fundraising Expenses $0

Program Expenses $138,119

Other Expenses $112,848

TOTAL EXPENSES $183,284

Year-over-Year Comparison

	2024	2023	Change
Revenue	$205,316	$189,252	+0.1%
Expenses	$183,284	$225,655	-0.2%
Net Income	$22,032	$-36,403	-1.6%

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

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
WALT ESCHTRUTH	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SONGER	DIRECTOR	2.00	Director	$0	$0	$0
JIM HOGAN	DIRECTOR	1.00	Director	$0	$0	$0
DAN OSHEA	DIRECTOR	0.00	Director	$0	$0	$0
KARLA CHAMBERLAIN	TREASURER	2.00	Officer	$0	$0	$0
SANDRA CORNELL-HOWE	CHAIRMAN	3.00	Officer	$0	$0	$0
JIM FOSTER	SECRETARY	3.00	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	$205,316	$183,284	$617,956	$22,032
2023	$189,252	$225,655	$614,810	$-36,403
2022	$189,996	$182,627	$628,210	$7,369
2021	$110,845	$143,739	$681,637	$-32,894
2020	$85,359	$190,114	$702,131	$-104,755
2019	$262,617	$274,586	$663,784	$-11,969
2018	$248,820	$283,404	$708,892	$-34,584

GRAND LEDGE OPERA HOUSE AUTHORITY