IDAHO FALLS OPERA THEATRE INC (EIN 820342398) - 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

1978

Legal Domicile

Phone

2085230620

Tax Period

2022-09-01 to 2023-08-31

IDAHO FALLS OPERA THEATRE INC, founded in 1978, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $37K in total revenue in fiscal year 2022. Revenue fell 46% from the prior year — a significant decline worth monitoring.

Mission

THE PURPOSE OF THE IDAHO FALLS OPERA THEATRE INCORPORATION IS TO PROVIDE THE PUBLIC WITH OPERA AND OTHER MUSICAL EVENTS THAT PROMOTE COMMUNITY TALENTS AND ARTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $14,674

Program Service Revenue $22,534

Investment Income $56

Other Revenue $0

TOTAL REVENUE $37,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,351

Other Expenses $39,351

TOTAL EXPENSES $39,351

Year-over-Year Comparison

	2022	2021	Change
Revenue	$37,264	$68,562	-0.5%
Expenses	$39,351	$49,941	-0.2%
Net Income	$-2,087	$18,621	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTHA SMOOT	Secretary	1.00	Director	$0	$0	$0
JOELLE WILLMORE	Director	1.00	Director	$0	$0	$0
ANN SHIVELY	Director	1.00	Director	$0	$0	$0
JUAN TRACY	Director	1.00	Director	$0	$0	$0
MARK KERBACK	Director	1.00	Director	$0	$0	$0
LONNA JOY SMOOT	Director	1.00	Director	$0	$0	$0
MOLLY GORDDON	Director	1.00	Director	$0	$0	$0
LINDA HAFNER	Director	1.00	Director	$0	$0	$0
JESSICA WRIGHT	Director	1.00	Director	$0	$0	$0
LINDSEY BINGHAM	Director	1.00	Director	$0	$0	$0
ROBERT E FARNAM	President	2.00	Officer	$0	$0	$0
LISA HOLBROOK	Vice President	2.00	Officer	$0	$0	$0
NYKELE SHAPIRO	Treasurer	2.00	Officer	$0	$0	$0
JOAN TALLMAN	ART DIRECTOR	5.00	Officer	$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
2023	$37,264	$39,351	$66,105	$-2,087
2022	$68,562	$49,941	$68,192	$18,621
2021	$51,748	$45,158	$49,571	$6,590
2020	$23,284	$22,681	$42,981	$603
2019	$26,288	$32,405	$42,378	$-6,117
2018	$41,623	$35,510	$48,495	$6,113

IDAHO FALLS OPERA THEATRE INC