FARGO-MOORHEAD OPERA COMPANY (EIN 450307449) - 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

1968

Legal Domicile

Principal Officer

KATE SOLBERG

Phone

7012394558

Tax Period

2024-07-01 to 2025-06-30

FARGO-MOORHEAD OPERA COMPANY, founded in 1968, is a small nonprofit in the Arts, Culture & Humanities sector that reported $478K in total revenue in fiscal year 2024. The organization ran a surplus of $153K, a strong 32% operating margin.

Mission

THE MISSION OF THE FARGO-MOORHEAD OPERA IS TO ENRICH THE REGION WITH DISTINCTIVE, EXCEPTIONAL ARTISTIC PROGRAMMING THAT WILL ENGAGE AND EXCITE AUDIENCES OF ALL AGES.

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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 $311,498

Program Service Revenue $162,966

Investment Income $737

Other Revenue $2,300

TOTAL REVENUE $477,501

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,298

Fundraising Expenses $27,600

Program Expenses $126,476

Other Expenses $273,027

TOTAL EXPENSES $324,325

Year-over-Year Comparison

	2024	2023	Change
Revenue	$477,501	$443,211	+0.1%
Expenses	$324,325	$578,403	-0.4%
Net Income	$153,176	$-135,192	-2.1%

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
KATE SOLBERG	PRESIDENT	2.00	Officer Director	$0	$0	$0
JILL BERG	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
HANNAH OVERBEY	SECRETARY	2.00	Officer Director	$0	$0	$0
MATT GRUCHALLA	TREASURER	2.00	Officer Director	$0	$0	$0
MADELEINE ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
CASEY BARTZ	DIRECTOR	2.00	Director	$0	$0	$0
JAMES BURTON	DIRECTOR	2.00	Director	$0	$0	$0
TROY CHARLESTON	DIRECTOR	2.00	Director	$0	$0	$0
RYAN FRITZ	DIRECTOR	2.00	Director	$0	$0	$0
CECILIA KNAPP	DIRECTOR	2.00	Director	$0	$0	$0
JAMIE PARSLEY	DIRECTOR	2.00	Director	$0	$0	$0
MARJORIE SCHLOSSMAN	DIRECTOR	2.00	Director	$0	$0	$0
ODILE STREED	DIRECTOR	2.00	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
2025	$477,501	$324,325	$191,572	$153,176
2024	$443,211	$578,403	$126,302	$-135,192
2023	$536,149	$633,833	$191,595	$-97,684
2022	$632,093	$604,539	$294,816	$27,554
2021	$422,893	$412,279	$271,066	$10,614

FARGO-MOORHEAD OPERA COMPANY