Opera Theatre of the Rockies

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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

1998

Legal Domicile

Principal Officer

Kathleen Fox Collins

Phone

7195701950

Tax Period

2021-10-01 to 2022-09-30

Opera Theatre of the Rockies, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $114K in total revenue in fiscal year 2021. Revenue surged 92% from the prior year, signaling strong growth momentum. Expenses of $202K exceeded revenue, resulting in a 78% operating deficit.

Mission

Opera Theatre of the Rockies is committed to the advancement of opera in southern Colorado through performance, education and training.

Program Service Accomplishments

Program 1

Expenses: $185,825 Revenue: $36,163

Organized and performed operas for the local community. Opera Theatre of the Rockies produced and presented exciting and memorable professional opera that spotlighted Colorado artists. The...

Organized and performed operas for the local community. Opera Theatre of the Rockies produced and presented exciting and memorable professional opera that spotlighted Colorado artists. The organization's goal is to enhance awareness, knowledge and appreciation of opera in southern Colorado.

Program 2

Expenses: $2,329 Revenue: $0

Teaching the basics of the opera to high school age students in the community.

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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 (2021)

Revenue Breakdown

Contributions & Grants $77,177

Program Service Revenue $36,163

Investment Income $161

Other Revenue $50

TOTAL REVENUE $113,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,249

Program Expenses $188,154

Other Expenses $198,708

TOTAL EXPENSES $201,757

Year-over-Year Comparison

	2021	2020	Change
Revenue	$113,551	$59,160	+0.9%
Expenses	$201,757	$56,027	+2.6%
Net Income	$-88,206	$3,133	-29.2%

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

269

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
Kathleen Fox Collins	Director	2.00	Director	$0	$0	$0
Lee Henry	Treasurer	2.00	Officer Director	$0	$0	$0
Nicole deNary	Director	1.00	Director	$0	$0	$0
Nasit Ari	Director	1.00	Director	$0	$0	$0
Solveig Olsen	President	2.00	Officer Director	$0	$0	$0
Susanne Wheeler	Secretary	2.00	Officer Director	$0	$0	$0
Nick Shelton	Director	1.00	Director	$0	$0	$0
Dr Susan Rae Jensen	Director	1.00	Director	$0	$0	$0
Joyce Vogel	Director	1.00	Director	$0	$0	$0
David Villafuerte	Vice-President	1.00	Officer Director	$0	$0	$0
Martile Rowland	Artistic Director	4.00	Director	$0	$0	$0
Claire Anderson	Director	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
2022	$113,551	$201,757	$364,216	$-88,206
2021	$59,160	$56,027	$454,919	$3,133
2020	$388,609	$40,194	$449,078	$348,415
2019	$215,919	$156,230	$132,952	$59,689
2018	$224,683	$328,991	$76,216	$-104,308