PAINTED SKY OPERA INC (EIN 474955667) - 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

2015

Legal Domicile

Principal Officer

Robert Glaubitz

Phone

3033453675

Tax Period

2023-08-01 to 2024-07-31

PAINTED SKY OPERA INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $228K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $273K exceeded revenue, resulting in a 19% operating deficit.

Mission

Painted Sky Opera presents inspiring, innovative opera through performance & education in Central Oklahoma.

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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 (2023)

Revenue Breakdown

Contributions & Grants $190,124

Program Service Revenue $25,393

Investment Income $952

Other Revenue $11,830

TOTAL REVENUE $228,299

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $47,316

Program Expenses $193,761

Other Expenses $272,518

TOTAL EXPENSES $272,518

Year-over-Year Comparison

	2023	2022	Change
Revenue	$228,299	$281,869	-0.2%
Expenses	$272,518	$270,413	+0.0%
Net Income	$-44,219	$11,456	-4.9%

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

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

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

$2,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jill Burcham	trustee	4	Director	$1,200	$0	$1,200
Catherine McDaniel	trustee	3	Director	$800	$0	$800
Barbara DeMaio	trustee	3	Director	$0	$0	$0
Ronna Davis	trustee	3	Director	$0	$0	$0
Jake Johnson	trustee	3	Director	$0	$0	$0
Greg Krempl	President	3	Director	$0	$0	$0
Pamela Richman	Secretary	3	Director	$0	$0	$0
Hattie Santore	trustee	3	Director	$0	$0	$0
Kevin Wilkinson	trustee	3	Director	$0	$0	$0
Laura Wardwell	trustee	3	Director	$0	$0	$0
Natasha Viener	trustee	3	Director	$0	$0	$0
Rouye Choquette	trustee	3	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	$228,299	$272,518	$20,556	$-44,219
2023	$281,869	$270,413	$64,775	$11,456
2020	$204,340	$170,384	$107,746	$33,956

PAINTED SKY OPERA INC