OPERA MEMPHIS INC (EIN 620785544) - 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

1956

Legal Domicile

Principal Officer

EDWARD CANTY

Phone

9012573100

Tax Period

2024-07-01 to 2025-06-30

OPERA MEMPHIS INC, founded in 1956, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $1.5M exceeded revenue, resulting in a 31% operating deficit.

Mission

THE MISSION OF OPERA MEMPHIS IS TO ENTERTAIN AND INSPIRE THE PEOPLE OF MEMPHIS AND THE MID-SOUTH THROUGH THE ART OF OPERA.

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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 $908,108

Program Service Revenue $191,642

Investment Income $-6,457

Other Revenue $57,589

TOTAL REVENUE $1,150,882

Expense Breakdown

Grants Paid $0

Salaries & Benefits $616,831

Fundraising Expenses $97,298

Program Expenses $1,182,646

Other Expenses $894,217

TOTAL EXPENSES $1,511,048

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,150,882	$952,508	+0.2%
Expenses	$1,511,048	$1,442,973	+0.0%
Net Income	$-360,166	$-490,465	-0.3%

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

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

$118,134

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY STRACK	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
DANIEL BASTARDO BLANCO	VICE CHAIR	4.00	Officer Director	$0	$0	$0
CHRIS CREECH	SECRETARY	4.00	Officer Director	$0	$0	$0
MICHAEL DIVOKY	TREASURER	4.00	Officer Director	$0	$0	$0
DR CHARLES HANDORF	SERGEANT-AT-ARMS	4.00	Officer Director	$0	$0	$0
DANIEL ANGLIN	TRUSTEE	1.00	Director	$0	$0	$0
BETHANIA BARAY-HARRISON	TRUSTEE	1.00	Director	$0	$0	$0
DR NEAL S BECKFORD	TRUSTEE	1.00	Director	$0	$0	$0
DR NANCY A CHASE	TRUSTEE	1.00	Director	$0	$0	$0
AZRA DANIEL	TRUSTEE	1.00	Director	$0	$0	$0
DR VERONICA ENGLE	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS ESSMYER	TRUSTEE	1.00	Director	$0	$0	$0
DR WILLIAM FALVEY	TRUSTEE	1.00	Director	$0	$0	$0
JUAN FUENTES	TRUSTEE	1.00	Director	$0	$0	$0
JEREMY GARVER	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES HIGGINS	TRUSTEE	1.00	Director	$0	$0	$0
DR ASA KARLSTROM	TRUSTEE	1.00	Director	$0	$0	$0
ANNTONIA MAGRUDER	TRUSTEE	1.00	Director	$0	$0	$0
JEANIE MERCER	TRUSTEE	1.00	Director	$0	$0	$0
ANGELO RAPAN	TRUSTEE	1.00	Director	$0	$0	$0
ALISON TURNER	TRUSTEE	1.00	Director	$0	$0	$0
LAKSHMI VIJAYAN	TRUSTEE	1.00	Director	$0	$0	$0
KEITH WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
EDWARD CANTY	GENERAL DIRECTOR	50.00	Officer	$107,941	$10,193	$118,134

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	$1,150,882	$1,511,048	$5,672,069	$-360,166
2024	$952,508	$1,442,973	$5,764,614	$-490,465
2023	$1,091,881	$1,043,887	$5,948,839	$47,994
2022	$1,438,726	$1,252,242	$5,037,117	$186,484
2021	$1,458,183	$980,192	$5,854,981	$477,991
2020	$880,971	$1,318,175	$5,129,122	$-437,204
2019	$1,124,575	$1,542,537	$5,666,832	$-417,962

OPERA MEMPHIS INC