THE FESTIVAL OPERA ASSOCIATION INC

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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

1991

Legal Domicile

Principal Officer

SUSIE HANSON

Phone

9259449610

Tax Period

2023-01-01 to 2023-12-31

THE FESTIVAL OPERA ASSOCIATION INC, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $182K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $272K exceeded revenue, resulting in a 50% operating deficit.

Mission

FESTIVAL OPERA'S PRIMARY EXEMPT PURPOSE IS TO PRESERVE AND ADVANCE THE OPERATIC ART.

Program Service Accomplishments

Program 1

Expenses: $185,658 Revenue: $66,254

PERFORMANCES AND PROGRAMS INCLUDED "BRIAR PATCH AND ORINDA OPERA IN THE PARK".

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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 $115,617

Program Service Revenue $66,154

Investment Income $0

Other Revenue $-11

TOTAL REVENUE $181,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,033

Fundraising Expenses $150

Program Expenses $185,658

Other Expenses $203,923

TOTAL EXPENSES $271,956

Year-over-Year Comparison

	2023	2022	Change
Revenue	$181,760	$214,900	-0.2%
Expenses	$271,956	$253,525	+0.1%
Net Income	$-90,196	$-38,625	+1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HELENA CHAYE	Director	2.00	Director	$0	$0	$0
JENNIFER KWOCK-LAU	Director	2.00	Director	$0	$0	$0
MEGAN DEY-TOTH	Director	2.00	Director	$0	$0	$0
NINA BANCROFT DICKERSON	Director	2.00	Director	$0	$0	$0
KAREN GETTMAN	Director	2.00	Director	$0	$0	$0
KEEGAN DWYER	Director	2.00	Director	$0	$0	$0
NICK ISHIMARU	Director	2.00	Director	$0	$0	$0
CLAUDIA TERRY	Director	2.00	Director	$0	$0	$0
MARK THOMAS	Director	2.00	Director	$0	$0	$0
SUSIE HANSON	CHAIR	20.00	Officer	$0	$0	$0
DAVID BAER	Secretary	5.00	Officer	$0	$0	$0
TIMOTHY EVANS	Treasurer	5.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$181,760	$271,956	$16,375	$-90,196
2022	$214,900	$253,525	$69,722	$-38,625
2021	$279,574	$187,518	$111,967	$92,056
2020	$103,827	$87,328	$39,132	$16,499
2019	$158,204	$238,142	$8,046	$-79,938
2018	$204,748	$86,299	$92,736	$118,449