THE GRAND OPERA HOUSE OF THE SOUTH INC (EIN 721476675) - 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

KIMBERLY G FOGLEMAN

Phone

3377850440

Tax Period

2024-07-01 to 2025-06-30

THE GRAND OPERA HOUSE OF THE SOUTH INC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $477K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $660K exceeded revenue, resulting in a 38% operating deficit.

Mission

PROVIDE EDUCATIONAL AND OVERALL AWARENESS OF THE ARTS THROUGH SPONSORSHIP OF PERFORMANCES, CULTURAL EVENTS AND PRESENTATIONS.

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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 $246,531

Program Service Revenue $216,902

Investment Income $0

Other Revenue $13,264

TOTAL REVENUE $476,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $226,135

Other Expenses $659,707

TOTAL EXPENSES $659,707

Year-over-Year Comparison

	2024	2023	Change
Revenue	$476,697	$537,169	-0.1%
Expenses	$659,707	$621,979	+0.1%
Net Income	$-183,010	$-84,810	+1.2%

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY G FOGLEMAN	EXECUTIVE DIRECTOR	20.00	Director	$0	$0	$0
JENNIFER MIXON	DIRECTOR	5.00	Director	$0	$0	$0
BRENDA CORE	DIRECTOR	5.00	Director	$0	$0	$0
CAROL GIELEN	DIRECTOR	5.00	Director	$0	$0	$0
LAZAR J GIELEN	DIRECTOR	5.00	Director	$0	$0	$0
ANN SIBLEY	DIRECTOR	5.00	Director	$0	$0	$0
RUTH MONCUS	DIRECTOR	5.00	Director	$0	$0	$0
ROBERT AERTKER III MD	VICE CHAIRMAN	5.00	Officer	$0	$0	$0
RONNIE PETREE	CHAIRMAN	5.00	Officer	$0	$0	$0
MICHELLE CLINES	SECRETARY	5.00	Officer	$0	$0	$0
DEBBIE SPALLINO	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	$476,697	$659,707	$3,408,929	$-183,010
2024	$537,169	$621,979	$3,591,939	$-84,810
2023	$408,749	$630,230	$3,676,749	$-221,481
2022	$425,280	$541,021	$3,898,280	$-115,741
2021	$295,062	$348,003	$4,013,971	$-52,941
2020	$253,690	$422,071	$4,066,912	$-168,381
2019	$257,696	$367,331	$4,235,413	$-109,635

THE GRAND OPERA HOUSE OF THE SOUTH INC