OPERA IN THE HEIGHTS (EIN 760499709) - 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

1996

Legal Domicile

Principal Officer

KATHRYN FRADY

Phone

7138615303

Tax Period

2024-08-01 to 2025-07-31

OPERA IN THE HEIGHTS, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $576K in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum.

Mission

OPERA IN THE HEIGHTS OH PROVIDES AN INTIMATE STAGE FOR EMERGING YOUNG OPERA PERFORMERS AND BRINGS CASUAL, AFFORDABLE OPERA TO THE GREATER HOUSTON AREA. SEVERAL, FULLY-STAGED, TRADITIONAL OPERAS ARE PRODUCED EACH YEAR.

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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 $393,593

Program Service Revenue $179,190

Investment Income $0

Other Revenue $3,336

TOTAL REVENUE $576,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $131,861

Fundraising Expenses $67,128

Program Expenses $368,807

Other Expenses $459,372

TOTAL EXPENSES $591,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$576,119	$312,513	+0.8%
Expenses	$591,233	$627,027	-0.1%
Net Income	$-15,114	$-314,514	-1.0%

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

N/A

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
MARK JOHANSSON	TREASURER	003.00	Director	$0	$0	$0
GEORGE BISHOP	MEMBER	003.00	Director	$0	$0	$0
FRANCISCO J IZAGUIRRE	CHAIR	003.00	Director	$0	$0	$0
DON CLARKE	GUILD LIASON	003.00	Director	$0	$0	$0
EIKI ISOMURA	ARTISTIC/INTERIM GEN. DIRECTOR	040.00	Director Key Emp Highest	$0	$0	$0
KIRK HICKEY	GUILD REPRESENTATIVE	003.00	Director	$0	$0	$0
MARK JOHANNSON	MEMBER	003.00	Director	$0	$0	$0
LAWRENCE GETTLEMAN	SECRETERY	003.00	Director	$0	$0	$0
KATHRYN FRADY	ARTISTIC/INTERIM GEN. DIRECTOR	020.00	Director Key Emp	$0	$0	$0
WENDY BERGIN	ORCHESTRA REPRESENTATIVE	003.00	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	$576,119	$591,233	$46,398	$-15,114
2024	$312,513	$627,027	$91,694	$-314,514
2023	$822,316	$505,077	$372,351	$317,239
2022	$473,780	$526,748	$107,147	$-52,968
2021	$488,784	$292,246	$205,059	$196,538
2020	$733,771	$704,224	$86,628	$29,547

OPERA IN THE HEIGHTS