Opera Parallle (EIN 721584393) - 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

2004

Legal Domicile

Principal Officer

Jerome Roth

Phone

4156266279

Tax Period

2023-09-01 to 2024-08-31

Opera Parallle, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 42% operating deficit.

Mission

OPERA PARALLLE PRESENTS COMPELLING PERFORMANCES OF CONTEMPORARY OPERAS WITH HIGH MUSICAL AND DRAMATIC STANDARDS,EMBRACING MODERN AESTHETICS, CREATIVE USE OF TECHNOLOGY, AND SOCIAL RELEVANCE AS ESSENTIAL TO THE FUTURE OF THE ART FORM.

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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 $764,429

Program Service Revenue $427,477

Investment Income $34,199

Other Revenue $182,868

TOTAL REVENUE $1,408,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,135,369

Fundraising Expenses $322,875

Program Expenses $1,431,029

Other Expenses $831,911

TOTAL EXPENSES $1,996,176

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,408,973	$3,280,089	-0.6%
Expenses	$1,996,176	$1,925,833	+0.0%
Net Income	$-587,203	$1,354,256	-1.4%

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
Ruth Nott	Managing Dir.	40.00		$139,912	$0	$139,912
Tony Shayne	Director	1.00	Director	$0	$0	$0
Jerome Roth	Board Chair	2.00	Officer Director	$0	$0	$0
Peggy Otum	Vice Chair	2.00	Officer Director	$0	$0	$0
Lisa Lindelef	Secretary	2.00	Officer Director	$0	$0	$0
Jane Hartley	Treasurer	2.00	Officer Director	$0	$0	$0
Malekeh Amini	Director	1.00	Director	$0	$0	$0
Dr Melinda Luisa de Jesus	Director	1.00	Director	$0	$0	$0
Marylene Delbourg Delphis	Director	1.00	Director	$0	$0	$0
Louise Fox	Director	1.00	Director	$0	$0	$0
Marcia Lazer	Director	1.00	Director	$0	$0	$0
Steven Lei	Director	1.00	Director	$0	$0	$0
Kip Cranna	Director	1.00	Director	$0	$0	$0
Jeff Mattlin	Director	1.00	Director	$0	$0	$0
Jee Young You	Director	1.00	Director	$0	$0	$0
Simin Naaseh	Director	1.00	Director	$0	$0	$0
Jo Giessler	Director	1.00	Director	$0	$0	$0
Nancy Petrisko	Director	1.00	Director	$0	$0	$0
John Roevekamp	Director	1.00	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
2024	$1,408,973	$1,996,176	$1,965,942	$-587,203
2023	$3,280,089	$1,925,833	$2,566,374	$1,354,256
2022	$1,325,230	$1,682,252	$1,205,583	$-357,022
2021	$1,093,943	$802,648	$1,429,615	$291,295
2020	$1,176,879	$954,488	$1,321,598	$222,391
2020	$977,734	$736,842	$377,034	$240,892
2019	$1,056,971	$1,257,147	$150,504	$-200,176
2018	$1,159,443	$1,099,566	$353,831	$59,877

Opera Parallle