CENTRAL CITY OPERA HOUSE ASSOCIATI… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

JAMES L PALENCHAR

Phone

3032926500

Tax Period

2024-01-01 to 2024-12-31

CENTRAL CITY OPERA HOUSE ASSOCIATION ENDOWMENT FUND, founded in 1992, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $968K, a strong 42% operating margin.

Mission

CENTRAL CITY OPERA HOUSE ASSOCIATION ENDOWMENT FUND WAS FORMED TO SUPPORT THE CENTRAL CITY OPERA HOUSE ASSOCIATION BY ASSISTING IN ITS HISTORIC PRESERVATION ACTIVITIES, OPERA FESTIVAL, OPERATIC AND OTHER ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $1,200,000

DURING 2024, THE ENDOWMENT FUND MADE AN ANNUAL GRANT TO THE ASSOCIATION. GRANTS TO THE ASSOCIATION ARE TO SUPPORT ITS MISSION OF ORGANIZING OPERATIC PERFORMANCES IN CENTRAL CITY, COLORADO AND TO...

DURING 2024, THE ENDOWMENT FUND MADE AN ANNUAL GRANT TO THE ASSOCIATION. GRANTS TO THE ASSOCIATION ARE TO SUPPORT ITS MISSION OF ORGANIZING OPERATIC PERFORMANCES IN CENTRAL CITY, COLORADO AND TO PRESERVE HISTORIC BUILDINGS.

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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 $689,474

Program Service Revenue $0

Investment Income $1,627,257

Other Revenue $0

TOTAL REVENUE $2,316,731

Expense Breakdown

Grants Paid $1,200,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,200,000

Other Expenses $148,887

TOTAL EXPENSES $1,348,887

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,316,731	$1,571,831	+0.5%
Expenses	$1,348,887	$1,362,518	0.0%
Net Income	$967,844	$209,313	+3.6%

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

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
JAMES L PALENCHAR	CHAIR	0.50	Officer Director	$0	$0	$0
ROOPESH AGGARWAL	TREASURER	0.50	Officer Director	$0	$0	$0
BRIAN WELDON	SECRETARY	0.50	Officer Director	$0	$0	$0
NORVELL E BRASCH	DIRECTOR BEG	N/A	Director	$0	$0	$0
ANNE MCGONAGLE	DIRECTOR	0.50	Director	$0	$0	$0
SARAH ROCKWELL SOANE	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT UNGER	DIRECTOR	0.50	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	No data	No data	No data	No data
2024	$2,316,731	$1,348,887	$27,796,362	$967,844
2023	$1,571,831	$1,362,518	$25,389,352	$209,313
2022	$2,465,157	$1,369,763	$23,143,462	$1,095,394
2021	$9,103,065	$890,701	$25,453,266	$8,212,364
2020	$3,945,344	$865,835	$16,829,839	$3,079,509
2019	$1,557,214	$887,314	$12,803,259	$669,900
2018	$3,055,875	$1,226,673	$10,884,858	$1,829,202

CENTRAL CITY OPERA HOUSE ASSOCIATION ENDOWMENT FUND