OPERA ITHACA INCORPORATED (EIN 813452061) - 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

2016

Legal Domicile

Principal Officer

DEBORAH MONTGOMERY

Phone

6072526574

Tax Period

2023-01-01 to 2023-12-31

OPERA ITHACA INCORPORATED, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $238K in total revenue in fiscal year 2023. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $37K, a strong 16% operating margin.

Mission

OPERA PERFORMANCE, OUTREACH AND EDUCATION

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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 $210,694

Program Service Revenue $27,299

Investment Income $38

Other Revenue $0

TOTAL REVENUE $238,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,258

Fundraising Expenses $0

Program Expenses $148,410

Other Expenses $152,556

TOTAL EXPENSES $200,814

Year-over-Year Comparison

	2023	2022	Change
Revenue	$238,031	$133,560	+0.8%
Expenses	$200,814	$222,023	-0.1%
Net Income	$37,217	$-88,463	-1.4%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$48,258

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH MONTGOMERY	PRESIDENT	10.00	Officer Director	$0	$0	$0
DIANNE ORCUTT	TREASURER	2.00	Officer Director	$0	$0	$0
ANDREW COVE	TREASURER	5.00	Officer Director	$0	$0	$0
LARRY HARRINGTON	SECRETARY	2.00	Officer Director	$0	$0	$0
EMAD ATIQ	BOARD MEMBER	2.00	Director	$0	$0	$0
CHARLES KRUZANSKY	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICIA ZIMMERMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
BEN ROBINSON	ARTISTIC DIRECTOR	20.00	Officer	$26,502	$0	$26,502
LYNN CRAVER	APPRENTICE PROGRAM DIRECTOR	8.00	Officer	$11,754	$0	$11,754
GRETCHEN VAN VALEN	MANAGING DIRECTOR	20.00	Officer	$10,002	$0	$10,002

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	No data	No data	No data	No data
2023	$238,031	$200,814	$53,060	$37,217

OPERA ITHACA INCORPORATED