Houston Grand Opera Endowment Inc

EIN: 760038314 501(c)(3) Arts, Culture & Humanities

Houston, TX

Total Revenue
$30,670,826
Total Expenses
$4,815,369
Total Assets
$147,806,851
Net Assets
$147,806,851
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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
1982
Legal Domicile
TX
Principal Officer
Marianne Kah
Phone
7135460258
Tax Period
2024-08-01 to 2025-07-31

Houston Grand Opera Endowment Inc, founded in 1982, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $30.7M in total revenue in fiscal year 2024. Revenue surged 283% from the prior year, signaling strong growth momentum. The organization ran a surplus of $25.9M, a strong 84% operating margin.

Mission

This organization accepts, receives, holds, and invests endowment funds for the benefit of Houston Grand Opera Association of Houston, Texas.

Program Service Accomplishments

Program 1
Expenses: $4,226,447

This organization accepts, receives, holds, and invests endowment funds for the benefit of Houston Grand Opera Association of Houston, Texas.

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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 (2024)

Revenue Breakdown

Contributions & Grants $23,033,543
Program Service Revenue $0
Investment Income $7,591,139
Other Revenue $46,144
TOTAL REVENUE $30,670,826

Expense Breakdown

Grants Paid $4,226,447
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,226,447
Other Expenses $588,922
TOTAL EXPENSES $4,815,369

Year-over-Year Comparison

2024 2023 Change
Revenue $30,670,826 $8,016,852 +2.8%
Expenses $4,815,369 $4,015,494 +0.2%
Net Income $25,855,457 $4,001,358 +5.5%
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

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Governance

Voting Members
12
Independent Members
11
Employees
N/A
Volunteers
11

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
6
$519,688
Total Directors
12
$519,688
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Khori Dastoor HGO CEO & General Director 5.00
Officer Director
$0 $28,127 $519,688
Marianne Kah Chair 2.00
Officer Director
$0 $0 $0
Yolanda Knull Senior Chair 1.00
Officer Director
$0 $0 $0
Tom Rushing Chair Emeritus 1.00
Officer Director
$0 $0 $0
Mark Poag Vice Chair 1.00
Officer Director
$0 $0 $0
Terrylin Neale Secretary, Treasurer 2.00
Officer Director
$0 $0 $0
Tom Ajamie Trustee 1.00
Director
$0 $0 $0
Carolyn Galfione Trustee 1.00
Director
$0 $0 $0
Richard Husseini Trustee 1.00
Director
$0 $0 $0
Stephen Kaufman Trustee 1.00
Director
$0 $0 $0
Claire Liu Trustee 2.00
Director
$0 $0 $0
Scott Wise 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 $30,670,826 $4,815,369 $147,806,851 $25,855,457
2024 $8,016,852 $4,015,494 $120,594,660 $4,001,358
2023 $16,748,714 $3,719,489 $104,946,305 $13,029,225
2022 $5,091,198 $3,386,633 $88,799,109 $1,704,565
2021 $24,478,386 $3,190,290 $94,842,059 $21,288,096
2020 $6,541,019 $2,909,321 $73,373,841 $3,631,698
2019 $5,411,103 $2,995,618 $69,444,046 $2,415,485
2018 $8,754,867 $2,740,579 $68,447,155 $6,014,288
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