TULSA OPERA INC (EIN 730643311) - 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

1948

Legal Domicile

Principal Officer

Lori Decter Wright

Phone

9185823824

Tax Period

2023-07-01 to 2024-06-30

TULSA OPERA INC, founded in 1948, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $343K, a strong 16% operating margin.

Mission

TULSA OPERA, INC. OPERATES IN THE STATE OF OKLAHOMA FOR THE PRIMARY PURPOSE OF FURTHERING THE APPRECIATION OF MUSIC, PARTICULARLY OPERA, FOR THE GENERAL PUBLIC, INCLUDING MAINSTAGE PRODUCTIONS. IN ADDITION TO THESE PRODUCTIONS, TULSA OPERA CONDUCTS VARIOUS EDUCATIONAL PROGRAMS.

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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 $1,874,078

Program Service Revenue $118,365

Investment Income $0

Other Revenue $214,019

TOTAL REVENUE $2,206,462

Expense Breakdown

Grants Paid $0

Salaries & Benefits $732,680

Fundraising Expenses $93,192

Program Expenses $1,584,273

Other Expenses $1,131,169

TOTAL EXPENSES $1,863,849

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,206,462	$1,882,533	+0.2%
Expenses	$1,863,849	$2,556,090	-0.3%
Net Income	$342,613	$-673,557	-1.5%

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

108

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

$128,438

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lori Decter Wright	CEO	40.00	Director	$128,438	$0	$128,438
Steve Walton	President	1.00	Officer Director	$0	$0	$0
Leonard Pataki	Vice President	1.00	Officer Director	$0	$0	$0
Tara O'Mahony	Secretary	1.00	Officer Director	$0	$0	$0
Kelly Kirby	Treasurer	1.00	Officer Director	$0	$0	$0
Kate Davis	Develop. Chair	1.00	Director	$0	$0	$0
Scott Filstrup	Endowment Chair	1.00	Director	$0	$0	$0
Georgenia Van Tuyl	Personnel Chair	1.00	Director	$0	$0	$0
Roy Skip Teel	Member at Large	1.00	Director	$0	$0	$0
Amanda Lovelace	Legal Counsel	1.00	Director	$0	$0	$0
Phil Armstrong	Director	1.00	Director	$0	$0	$0
Austin Birnie	Director	1.00	Director	$0	$0	$0
Tim Cargile	Director	1.00	Director	$0	$0	$0
Phena Hacket	Director	1.00	Director	$0	$0	$0
Peggy Helmerich	Director	1.00	Director	$0	$0	$0
Janet Levit	Director	1.00	Director	$0	$0	$0
Marlene McAllister	Director	1.00	Director	$0	$0	$0
Christine McQueen	Director	1.00	Director	$0	$0	$0
Anna Norberg	Director	1.00	Director	$0	$0	$0
Ceretha Terrell-Causey	Director	1.00	Director	$0	$0	$0
Martin Wing	Director	1.00	Director	$0	$0	$0
Susan Young	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
2025	No data	No data	No data	No data
2024	$2,206,462	$1,863,849	$1,366,750	$342,613
2023	$1,882,533	$2,556,090	$1,317,392	$-673,557
2022	$1,223,735	$2,888,253	$1,342,709	$-1,664,518
2021	$3,110,348	$2,107,250	$1,435,247	$1,003,098
2020	$2,976,666	$2,735,269	$1,547,944	$241,397
2019	$2,955,786	$2,804,263	$530,675	$151,523
2018	$2,525,479	$2,762,200	$467,389	$-236,721

TULSA OPERA INC