Houston Grand Opera Association Inc (EIN 746016764) - 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

1955

Legal Domicile

Principal Officer

Khori Dastoor

Phone

7135460200

Tax Period

2023-08-01 to 2024-07-31

Houston Grand Opera Association Inc, founded in 1955, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $30.4M in total revenue in fiscal year 2023.

Mission

Houston Grand Opera (HGO) is committed to the future of opera through initiatives that engage new audiences and give new artists a stage for their voices to be heard. Through this commitment, we have had the honor of commissioning a plethora of world premieres - both mainstage grand operas and smaller-scale works - as well as hosting the American premieres of several major operas, paving the way for new eras of the art form in all genres, time periods, and languages. Part of Houston Grand Opera's mission to use the arts as a tool for education and social advancement includes our dramaturgy initiatives. Dramaturgy is the development of a performance through conversation, representation, and understanding the greater context of the on-stage elements of an opera. Through lectures, hands-on involvement, and other initiatives, our dramaturg leads our practice as we strive for constant growth at every stage of development. Our commitment to Houston takes us beyond the stage with community and learning programs that nurture a love for the arts for new generations, spark conversations, and make opera accessible to all. The Butler Studio's goal is to develop well-rounded professionals by providing the highest quality training combined with a wide range of performance opportunities. One of the most respected emerging artist programs in the world, the Butler Studio is distinguished from many other programs in the level of integration between Studio members and mainstage artists and production teams.

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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 $23,163,256

Program Service Revenue $7,172,361

Investment Income $281,064

Other Revenue $-174,202

TOTAL REVENUE $30,442,479

Expense Breakdown

Grants Paid $52,860

Salaries & Benefits $20,054,164

Fundraising Expenses $3,337,436

Program Expenses $26,281,554

Other Expenses $13,006,731

TOTAL EXPENSES $33,113,755

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,442,479	$30,422,659	+0.0%
Expenses	$33,113,755	$30,729,991	+0.1%
Net Income	$-2,671,276	$-307,332	+7.7%

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

872

Volunteers

150

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

$2,055,598

Total Directors

$476,803

Key Employees

$240,612

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Khori Dastoor	General Director & CEO	50.00	Officer Director	$466,074	$10,729	$476,803
Claire Liu	Chair	5.00	Officer Director	$0	$0	$0
Allyn W Risley	Senior Chair	1.00	Officer Director	$0	$0	$0
Janet L Carrig	Chair Emeritus	1.00	Officer Director	$0	$0	$0
Lynn Wyatt	Vice Chair	1.00	Officer Director	$0	$0	$0
Christopher V Bacon	Secretary & General Counsel	1.00	Officer Director	$0	$0	$0
Richard E Agee	Director	1.00	Director	$0	$0	$0
Thomas R Ajamie	Director	1.00	Director	$0	$0	$0
Michelle Beale	Director	1.00	Director	$0	$0	$0
Astley L Blair Jr	Director	1.00	Director	$0	$0	$0
Albert Chao	Director	1.00	Director	$0	$0	$0
Louise Chapman	Director	1.00	Director	$0	$0	$0
Mathilda Cochran	Director	1.00	Director	$0	$0	$0
James W Crownover	Director	1.00	Director	$0	$0	$0
Joshua Davidson	Director	1.00	Director	$0	$0	$0
Warren A Ellsworth IV	Director	1.00	Director	$0	$0	$0
Benjamin Fink	Director	1.00	Director	$0	$0	$0
Joseph Geagea	Director	1.00	Director	$0	$0	$0
Michaela Greenan	Director	1.00	Director	$0	$0	$0
Ellen R Gritz	Director	1.00	Director	$0	$0	$0
Selda Gunsel	Director	1.00	Director	$0	$0	$0
Matthew Healey	Director	1.00	Director	$0	$0	$0
Richard Husseini	Director	1.00	Director	$0	$0	$0
Jose Ivo	Director	1.00	Director	$0	$0	$0
Myrtle Jones	Director	1.00	Director	$0	$0	$0
Marianne Kah	Director	1.00	Director	$0	$0	$0
David LePori	Director	1.00	Director	$0	$0	$0
Gabriel Loperena	Director	1.00	Director	$0	$0	$0
Sid Moorhead	Director	1.00	Director	$0	$0	$0
Sara Morgan	Director	1.00	Director	$0	$0	$0
Terrylin G Neale	Director	1.00	Director	$0	$0	$0
Ward G Pennebaker	Director	1.00	Director	$0	$0	$0
Cynthia Petrello	Director	1.00	Director	$0	$0	$0
Gloria M Portela	Director	1.00	Director	$0	$0	$0
Allyson Pritchett	Director	1.00	Director	$0	$0	$0
Matthew Ringel	Director	1.00	Director	$0	$0	$0
Kelly Brunetti Rose	Director	1.00	Director	$0	$0	$0
Jack A Roth	Director	1.00	Director	$0	$0	$0
Harlan C Stai	Director	1.00	Director	$0	$0	$0
Veer Vasishta	Director	1.00	Director	$0	$0	$0
Alfredo Vilas	Director	1.00	Director	$0	$0	$0
Margaret Alkek Williams	Director	1.00	Director	$0	$0	$0
Elizabeth Greer	CFO	50.00	Officer	$191,517	$10,119	$201,636
Patrick Summers	Artistic & Music Director	50.00	Officer	$578,515	$42,919	$621,434
Molly Dill	Chief Operating Officer	50.00	Officer	$207,999	$19,961	$227,960
Deborah Hirsch	Chief Philanthropy Officer	40.00	Officer	$210,796	$13,221	$224,017
Jennifer Davenport	Chief Marketing & Experience Officer	50.00	Officer	$293,671	$10,077	$303,748
Richard Bado	Director of Artistic Planning	50.00	Key Emp	$228,095	$12,517	$240,612
David Krohn	Senior Director of Philanthropy	40.00	Highest	$156,658	$11,023	$167,681
Greg Robertson	Managing Dir. of Strategic Campaigns	50.00	Highest	$389,333	$49,899	$439,232
Kristen Burke	Director of Production	40.00	Highest	$133,988	$15,687	$149,675
Kelly Finn	Director of Development	40.00	Highest	$138,567	$3,165	$141,732
Scott Ipsen	Director of Patron Experience	40.00	Highest	$132,380	$710	$133,090

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	$30,442,479	$33,113,755	$26,898,179	$-2,671,276
2023	$30,422,659	$30,729,991	$26,723,945	$-307,332
2022	$27,493,921	$30,094,011	$22,099,633	$-2,600,090
2021	$29,084,949	$21,641,077	$24,871,609	$7,443,872
2020	$24,459,115	$29,422,667	$18,604,707	$-4,963,552
2019	$23,453,925	$28,508,717	$21,802,540	$-5,054,792
2018	$35,969,423	$30,913,409	$27,130,999	$5,056,014

Houston Grand Opera Association Inc