NASHVILLE OPERA ASSOCIATION

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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

1981

Legal Domicile

Principal Officer

JOHN HOOMES

Phone

6158325242

Tax Period

2024-08-01 to 2025-07-31

NASHVILLE OPERA ASSOCIATION, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $800K, a strong 18% operating margin.

Mission

TO BRAVELY IMAGINE THE POWER AND PASSION OF OPERA AND WHO CAN SING AND ENJOY IT.

Program Service Accomplishments

Program 1

Expenses: $2,239,075 Revenue: $410,555

FOUNDED IN 1981, NASHVILLE OPERA ASSOCIATION'S (NOA) 45-YEAR HISTORY IN NASHVILLE HAS SOLIDIFIED ITS ROLE AS A CORNERSTONE OF THE CITY'S ARTISTIC LEGACY. NOA IS THE LARGEST OPERA COMPANY IN TENNESSEE AND ONE OF THE LARGEST IN THE SOUTHEAST. NOA ADVANCES ITS MISSION IN THREE WAYS: MAINSTAGE PRODUCTIONS (3-4 PER SEASON), OUTREACH PROGRAMS (TAKING OPERA OUT OF THE PHYSICAL THEATER AND INTO THE COMMUNITY FREE OF CHARGE), AND ARTIST TRAINING (THE HBCU FELLOWSHIP AND THE MARY RAGLAND EMERGING ARTISTS). THESE PROGRAMS SERVED OVER 75,000 PEOPLE IN 2025; 89% OF THE PEOPLE WHO ENGAGE WITH NASHVILLE OPERA DO SO AT NO COST TO THEM; SINCE 2022 52% OF TICKET- BUYERS HAVE BEEN FIRST-TIME ATTENDEES.

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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 $3,252,937

Program Service Revenue $410,555

Investment Income $505,853

Other Revenue $261,240

TOTAL REVENUE $4,430,585

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $1,225,567

Fundraising Expenses $264,279

Program Expenses $2,239,075

Other Expenses $2,403,209

TOTAL EXPENSES $3,630,776

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,430,585	$3,977,173	+0.1%
Expenses	$3,630,776	$3,342,600	+0.1%
Net Income	$799,809	$634,573	+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

165

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

$218,121

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN HOOMES	CEO & ARTIST	40.00	Officer	$208,308	$9,813	$218,121
NICHOLAS MCCLAY	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALI JEFFERSON	TREASURER	1.00	Officer Director	$0	$0	$0
RICK EWING	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSEPH BARKER	DIRECTOR	0.25	Director	$0	$0	$0
NICHOLAS BIRREN	DIRECTOR	0.25	Director	$0	$0	$0
RAMON CISNEROS	DIRECTOR	0.25	Director	$0	$0	$0
CYNTHIA COHEN	DIRECTOR	0.25	Director	$0	$0	$0
MONICA CONLEY	DIRECTOR	0.25	Director	$0	$0	$0
JENNIFER HARRIS-SLISKOVICH	DIRECTOR	1.00	Director	$0	$0	$0
OLIVIA HILL	DIRECTOR	0.25	Director	$0	$0	$0
CYNTHIA HIMMELFARB	DIRECTOR	0.25	Director	$0	$0	$0
LARA HUGHES	DIRECTOR	0.25	Director	$0	$0	$0
JOHN LEWIS	DIRECTOR	0.25	Director	$0	$0	$0
SUSAN HOLT	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE LEDDIN	DIRECTOR	0.25	Director	$0	$0	$0
DAVID MORGAN	DIRECTOR	0.25	Director	$0	$0	$0
HEATHER O'CONNOR	DIRECTOR	0.25	Director	$0	$0	$0
GARY PARKES	DIRECTOR	0.25	Director	$0	$0	$0
LIZ SALLAY	DIRECTOR	0.25	Director	$0	$0	$0
WILLIAM WHETSELL	DIRECTOR	0.25	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	$4,430,585	$3,630,776	$18,426,287	$799,809
2024	$3,977,173	$3,342,600	$17,061,439	$634,573
2023	$2,897,436	$3,133,026	$12,710,301	$-235,590
2022	$4,461,449	$2,566,718	$12,660,729	$1,894,731
2021	$2,426,485	$1,741,240	$11,807,979	$685,245
2020	$1,740,899	$2,014,768	$10,829,028	$-273,869
2019	$4,075,279	$2,306,458	$10,605,177	$1,768,821
2018	$2,109,546	$2,265,256	$8,686,774	$-155,710