AMARILLO OPERA INC (EIN 752253647) - 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

1988

Legal Domicile

Principal Officer

MARY JANE JOHNSON

Phone

8063727464

Tax Period

2024-09-01 to 2025-08-31

AMARILLO OPERA INC, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $656K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

TO CELEBRATE THE VOICE BY PROVIDING HIGH CALIBER OPERATIC PERFORMANCES TO THE TEXAS PANHANDLE, NURTURE LOCAL TALENT THROUGH COMMUNITY OUTREACH AND BUILD PASSION FOR OPERA.

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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 $517,063

Program Service Revenue $85,962

Investment Income $0

Other Revenue $52,873

TOTAL REVENUE $655,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,967

Fundraising Expenses $50,265

Program Expenses $609,116

Other Expenses $526,170

TOTAL EXPENSES $684,137

Year-over-Year Comparison

	2024	2023	Change
Revenue	$655,898	$492,252	+0.3%
Expenses	$684,137	$492,486	+0.4%
Net Income	$-28,239	$-234	+119.7%

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

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
MARY JANE JOHNSON	GENERAL & ARTIST DIRECTOR	25.00	Director	$0	$0	$0
ERIC BARRY	PRESIDENT	1.00	Director	$0	$0	$0
PAIGE BROWN	TRUSTEE	1.00	Director	$0	$0	$0
BILL BYRD	TRUSTEE	1.00	Director	$0	$0	$0
BROC CARTER	TRUSTEE	1.00	Director	$0	$0	$0
CHERYL CLARK	PRESIDENT-ELECT	1.00	Director	$0	$0	$0
GENEVIEVE GABEL	TREASURER	1.00	Director	$0	$0	$0
MILA GIBSON	FOUNDER/LIFETIME MEMBER	1.00	Director	$0	$0	$0
MARY HADDAD	TRUSTEE	1.00	Director	$0	$0	$0
APRIL JOHANSSON	VICE-PRESIDENT	1.00	Director	$0	$0	$0
SEAN MILLIGAN	PAST-PRESIDENT	1.00	Director	$0	$0	$0
SANDRA PELFREY	SECRETARY	1.00	Director	$0	$0	$0
ROSIE POWELL	TRUSTEE	1.00	Director	$0	$0	$0
QUINTIN MARQUEZ	TRUSTEE	1.00	Director	$0	$0	$0
STEVI SHARP	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
BOBBY TYLER	TRUSTEE	1.00	Director	$0	$0	$0
BENNET GRAHAM	TRUSTEE	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	$655,898	$684,137	$1,135,014	$-28,239
2024	$492,252	$492,486	$1,225,630	$-234
2023	$449,865	$516,790	$1,082,128	$-66,925
2022	$559,507	$462,941	$1,225,102	$96,566
2021	$215,544	$200,459	$1,235,396	$15,085
2020	$375,860	$334,993	$896,253	$40,867
2019	$191,411	$241,437	$167,353	$-50,026
2018	$430,106	$615,624	$86,030	$-185,518

AMARILLO OPERA INC