WICHITA GRAND OPERA INC (EIN 481239185) - 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

2000

Legal Domicile

Principal Officer

PETER SALMERON

Phone

3166833444

Tax Period

2024-07-01 to 2025-06-30

WICHITA GRAND OPERA INC, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 110% from the prior year, signaling strong growth momentum. The organization ran a surplus of $396K, a strong 33% operating margin.

Mission

DEVELOP, PRODUCE, AND PROMOTE GRAND OPERA AND OPERA EDUCATION IN WICHITA AND KANSAS.

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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 $1,114,848

Program Service Revenue $50,600

Investment Income $0

Other Revenue $48,488

TOTAL REVENUE $1,213,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $156,793

Fundraising Expenses $69,786

Program Expenses $661,371

Other Expenses $661,356

TOTAL EXPENSES $818,149

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,213,936	$576,879	+1.1%
Expenses	$818,149	$667,684	+0.2%
Net Income	$395,787	$-90,805	-5.4%

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

$82,684

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN W READER	GENERAL DIRE	40.00	Officer	$82,684	$0	$82,684
LILY K ASHCOM	DIRECTOR	N/A	Director	$0	$0	$0
GRANT BAUSERMAN	DIRECTOR	N/A	Director	$0	$0	$0
SAM CATANESE	DIRECTOR	N/A	Director	$0	$0	$0
ANTOINE WAKIM DDS	DIRECTOR	N/A	Director	$0	$0	$0
JOHN K GARVEY	DIRECTOR	N/A	Director	$0	$0	$0
BOBBI HANSEN	DIRECTOR	N/A	Director	$0	$0	$0
GARY D HARMS	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT HATCHETT	DIRECTOR	N/A	Director	$0	$0	$0
JOHN BOYER IV	TREASURER	N/A	Officer Director	$0	$0	$0
HERBERT N KLASKIN	DIRECTOR	N/A	Director	$0	$0	$0
LISA KLASKIN	DIRECTOR OF	N/A	Director	$0	$0	$0
BRANDON KNOWLES	DIRECTOR	N/A	Director	$0	$0	$0
DENNIS ROSS MD	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOSEPH GALICHIA MD	DIRECTOR	N/A	Director	$0	$0	$0
THOMAS L ASHCOM MD	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS MAJORS	DIRECTOR	N/A	Director	$0	$0	$0
NASSIM NABBOUT	DIRECTOR	N/A	Director	$0	$0	$0
TARZIA NABI	DIRECTOR	N/A	Director	$0	$0	$0
IMAD NASSIF	DIRECTOR	N/A	Director	$0	$0	$0
GARY OBORNY	DIRECTOR	N/A	Director	$0	$0	$0
LIONEL D ALFORD JR PHD	DIRECTOR	N/A	Director	$0	$0	$0
NOREEN M CARROCCI PHD	DIRECTOR	N/A	Director	$0	$0	$0
MATTHEW SCHIPPERS	SECRETARY	N/A	Officer Director	$0	$0	$0
ANNE SCHNEIDER	DIRECTOR	N/A	Director	$0	$0	$0
LEWJEAN SCHNEIDER	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD SMITH	DIRECTOR	N/A	Director	$0	$0	$0
HAZEL STABLER	DIRECTOR	N/A	Director	$0	$0	$0
PETER SALMERON	CHAIRMAN	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
2025	$1,213,936	$818,149	$435,851	$395,787
2024	$576,879	$667,684	$47,745	$-90,805
2023	$407,537	$343,722	$134,506	$63,815
2022	$331,151	$300,816	$70,337	$30,335
2020	$364,617	$346,922	$48,472	$17,695
2018	$546,087	$932,672	$303,279	$-386,585

WICHITA GRAND OPERA INC