FORT WORTH OPERA ASSOCIATION INC

EIN: 750945915 501(c)(3) Arts, Culture & Humanities

Fort Worth, TX

Total Revenue
$2,883,799
Total Expenses
$2,472,661
Total Assets
$1,183,814
Net Assets
$404,851
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
TX
Principal Officer
Angela Turner Wilson
Phone
8177310833
Tax Period
2023-07-01 to 2024-06-30

FORT WORTH OPERA ASSOCIATION INC, founded in 1987, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 14% surplus.

Mission

The mission of Fort Worth Opera is to enrich people's lives with performances and programs that educate, entertain, inspire, and expand the horizons of current and future audiences.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,536,887
Program Service Revenue $336,209
Investment Income $339
Other Revenue $10,364
TOTAL REVENUE $2,883,799

Expense Breakdown

Grants Paid $0
Salaries & Benefits $917,853
Fundraising Expenses $193,527
Program Expenses $1,763,087
Other Expenses $1,554,808
TOTAL EXPENSES $2,472,661

Year-over-Year Comparison

2023 2022 Change
Revenue $2,883,799 $2,401,327 +0.2%
Expenses $2,472,661 $2,308,237 +0.1%
Net Income $411,138 $93,090 +3.4%
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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Governance

Voting Members
23
Independent Members
23
Employees
34
Volunteers
32

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
0
$0
Total Directors
25
$0
Key Employees
2
$176,054
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Angela Turner Wilson General and Artistic Director 40
Key Emp Highest
$116,655 $11,399 $128,054
Ms Mary Goosens CFO Consultant 20.00
Key Emp
$48,000 $0 $48,000
Mrs Jill Fischer Chairman Emeritus 1
Director
$0 $0 $0
Randy Sabbagh Board Chair 2
Director
$0 $0 $0
Hayne Shumate Board Vice Chair 2
Director
$0 $0 $0
Ashley Lacamp Treasurer 2
Director
$0 $0 $0
Nicole Duvall Secretary 2
Director
$0 $0 $0
Judy Bennet Garner Trustee - Governance Chair 2
Director
$0 $0 $0
Allie Beth Allman Trustee 1
Director
$0 $0 $0
Keon Anderson Trustee 1
Director
$0 $0 $0
Jennifer Appleman Trustee 1
Director
$0 $0 $0
Dr Nelson E Claytor Trustee 1
Director
$0 $0 $0
Robert Estrada Trustee 1
Director
$0 $0 $0
Mrs Jennifer Goldberg Trustee 1
Director
$0 $0 $0
Mr Robert L Jameson Trustee 1
Director
$0 $0 $0
Barbara Jordan Trustee 2
Director
$0 $0 $0
Teresa Carter King Trustee 1
Director
$0 $0 $0
Mr Joseph Lesley Trustee 1
Director
$0 $0 $0
Mr Guy Manning Trustee 1
Director
$0 $0 $0
Mr Michael Martinez Trustee 1
Director
$0 $0 $0
Justin Newton Trustee 1
Director
$0 $0 $0
Susie Olmos-Soto Trustee 1
Director
$0 $0 $0
Skylar Brogdon O'Neal Trustee 1
Director
$0 $0 $0
Mary Pencis Trustee 1
Director
$0 $0 $0
Katherine Polenz Trustee 1
Director
$0 $0 $0
Vernon Rew Trustee 1
Director
$0 $0 $0
Ebony Rose Trustee 1
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 $2,883,799 $2,472,661 $1,183,814 $411,138
2023 $2,401,327 $2,308,237 $614,487 $93,090
2022 $2,083,359 $2,126,257 $520,999 $-42,898
2021 $1,862,181 $1,458,130 $969,586 $404,051
2020 $1,646,415 $1,770,526 $424,222 $-124,111
2019 $2,997,872 $3,646,648 $542,675 $-648,776
2018 $2,502,582 $2,646,329 $933,760 $-143,747
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