PIEDMONT OPERA INC

EIN: 591743689 501(c)(3)

WINSTONSALEM, NC

Total Revenue
$921,741
Total Expenses
$1,084,816
Total Assets
$999,575
Net Assets
$964,324
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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
1977
Legal Domicile
NC
Principal Officer
ROBIN MILLER
Phone
3367257101
Tax Period
2024-07-01 to 2025-06-30

PIEDMONT OPERA INC, founded in 1977, is a small nonprofit that reported $922K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 18% operating deficit.

Mission

OPERA PRODUCTION AND PROMOTION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $712,933
Program Service Revenue $149,928
Investment Income $22,480
Other Revenue $36,400
TOTAL REVENUE $921,741

Expense Breakdown

Grants Paid $0
Salaries & Benefits $452,316
Fundraising Expenses $146,567
Program Expenses $578,723
Other Expenses $632,500
TOTAL EXPENSES $1,084,816

Year-over-Year Comparison

2024 2023 Change
Revenue $921,741 $874,392 +0.1%
Expenses $1,084,816 $1,071,886 +0.0%
Net Income $-163,075 $-197,494 -0.2%
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

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Governance

Voting Members
36
Independent Members
36
Employees
7
Volunteers
40

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
11
$97,464
Total Directors
36
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CONNIE QUINN EXECUTIVE DI 40.00
Officer
$86,000 $11,464 $97,464
KEVIN BENDER DIRECTOR 2.00
Director
$0 $0 $0
CHIP BAXTER DIRECTOR 2.00
Director
$0 $0 $0
JONATHAN BURDETTE DIRECTOR 2.00
Director
$0 $0 $0
JIM CREAMER DIRECTOR 2.00
Director
$0 $0 $0
PAUL GWYN DIRECTOR 2.00
Director
$0 $0 $0
MELINDA MCCONNELL DIRECTOR 2.00
Director
$0 $0 $0
KENNETH PETTIGREW DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER LENCHIK DIRECTOR 2.00
Director
$0 $0 $0
LINDA GASKINS DIRECTOR 2.00
Director
$0 $0 $0
CHED NEAL DIRECTOR 2.00
Director
$0 $0 $0
TAMAR PANDI DIRECTOR 2.00
Director
$0 $0 $0
GORDON PETERSON DIRECTOR 2.00
Director
$0 $0 $0
BEN SCHROEDER DIRECTOR 2.00
Director
$0 $0 $0
DENNIS TOIVONEN DIRECTOR 2.00
Director
$0 $0 $0
SENATOR PAUL LOWE JR DIRECTOR 2.00
Director
$0 $0 $0
RICHARD MOSS DIRECTOR 2.00
Director
$0 $0 $0
REGGIE MATHIS DIRECTOR 2.00
Director
$0 $0 $0
SCOTT LEFELAR DIRECTOR 2.00
Director
$0 $0 $0
PHYLLIS DUNNING DIRECTOR 2.00
Director
$0 $0 $0
JOYNER HORN DIRECTOR 2.00
Director
$0 $0 $0
RYAN ROSS DIRECTOR 2.00
Director
$0 $0 $0
JULIAN ROBB DIRECTOR 2.00
Director
$0 $0 $0
ED HANES JR DIRECTOR 2.00
Director
$0 $0 $0
PAULA MCCOY DIRECTOR 2.00
Director
$0 $0 $0
STEVE BERLIN DIRECTOR 2.00
Director
$0 $0 $0
LARA PATTERSON DIRECTOR 2.00
Director
$0 $0 $0
JESSICA GOOD PRESIDENT 2.00
Officer Director
$0 $0 $0
ROBIN MILLER TREASURER 2.00
Officer Director
$0 $0 $0
STEWART CARTER SECRETARY 2.00
Officer Director
$0 $0 $0
BARBARA RAFFALDINI IMMED.PAST P 2.00
Officer Director
$0 $0 $0
RICHARD TOUCHSTONE VP BOARD DEV 2.00
Officer Director
$0 $0 $0
DYLAN GREENWOOD VP L&P 2.00
Officer Director
$0 $0 $0
SUZANNE GLASS VP COMMUNITY 2.00
Officer Director
$0 $0 $0
HALEY GINGLES CO-VP EDUCAT 2.00
Officer Director
$0 $0 $0
WENDY POTEAT CO-VP EDUCAT 2.00
Officer Director
$0 $0 $0
ANDREW VEACH VP RESOURCE 2.00
Officer 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 $921,741 $1,084,816 $999,575 $-163,075
2024 $874,392 $1,071,886 $1,119,161 $-197,494
2023 $883,558 $1,051,737 $1,247,400 $-168,179
2022 $1,175,758 $1,082,805 $1,400,783 $92,953
2021 $756,973 $519,395 $1,581,602 $237,578
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