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

1932

Legal Domicile

Principal Officer

SCOTT FINLAY

Phone

3032926500

Tax Period

2024-01-01 to 2024-12-31

CENTRAL CITY OPERA HOUSE ASSOCIATION, founded in 1932, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.3M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

TO ENHANCE AND ENRICH THE LIVES AND COMMUNITIES OF THOSE WE SERVE AND TO PROVIDE A WELCOMING, INCLUSIVE ENVIRONMENT OF BEAUTY AND MEANING BY: -CREATING EXCEPTIONAL OPERA AND MUSICAL THEATRE -DELIVERING ENGAGING ARTISTIC AND EDUCATIONAL PROGRAMS TO DIVERSE COMMUNITIES THROUGHOUT THE ROCKY MOUNTAIN REGION -CELEBRATING AND EMBRACING DIVERSITY, EQUITY, INCLUSION, AND ACCESSIBILITY IN ALL FACETS OF THE ORGANIZATION -PRESERVING AND PROTECTING THE HISTORIC OPERA HOUSE AND OTHER PROPERTIES ENTRUSTED TO CENTRAL CITY OPERA -CULTIVATING AND SUPPORTING EMERGING OPERA SINGERS AND PERFORMING ARTS PROFESSIONALS THROUGH WORLD-CLASS TRAINING PROGRAMS

Program Service Accomplishments

Program 1

Expenses: $3,433,619 Revenue: $937,013

OPERAS AND OTHER PRODUCTIONS - THESE ACTIVITIES PRODUCE WELL-KNOWN OPERA MASTERPIECES, AS WELL AS INNOVATIVE PRODUCTIONS OF REDISCOVERED TREASURES AND AMERICAN WORKS CAPITALIZING ON THE INTIMACY OF THE CENTRAL CITY OPERA HOUSE AND THE NATURAL SETTING OF THE ROCKY MOUNTAINS. THE SUMMER OPERA FESTIVAL ATTRACTS ACCLAIMED DIRECTORS, CONDUCTORS, AND ARTISTS FROM AROUND THE WORLD. ADDITIONALLY, SHUTTLE AND PARKING WAS PROVIDED FOR PEOPLE TO BE ABLE TO PARK AT THE FESTIVALS OR BE TRANSPORTED BY SPECIFICALLY HIRED BUSSES TO THE FESTIVALS. THE BONFILS-STANTON FOUNDATION ARTISTS TRAINING PROGRAM IS FOR THE PROFESSIONAL DEVELOPMENT OF YOUNG SINGERS.

Program 2

Expenses: $750,985

HISTORIC PRESERVATION - CCOHA'S PRESERVATION EFFORTS PLAY A MAJOR ROLE IN PRESERVING THE DISTINCTIVE HERITAGE OF THE CENTRAL CITY/BLACK HAWK NATIONAL LANDMARK HISTORIC DISTRICT. THE CCOHA OWNS AND...

HISTORIC PRESERVATION - CCOHA'S PRESERVATION EFFORTS PLAY A MAJOR ROLE IN PRESERVING THE DISTINCTIVE HERITAGE OF THE CENTRAL CITY/BLACK HAWK NATIONAL LANDMARK HISTORIC DISTRICT. THE CCOHA OWNS AND MAINTAINS THE OPERA HOUSE AND 27 VICTORIAN-ERA PROPERTIES, WHICH PROVIDE VITAL SUPPORT FACILITIES AND HOUSING FOR THE SUMMER FESTIVAL ARTISTS AND STAFF.

Program 3

Expenses: $437,747 Revenue: $30,958

EDUCATION AND COMMUNITY PROGRAMS - THESE ACTIVITIES BRING OPERA TO A VARIETY OF AUDIENCES THROUGHOUT COLORADO AND NEIGHBORING STATES. SPECIAL PERFORMANCES, WORKSHOPS, TOURS, AND OTHER VIRTUAL...

EDUCATION AND COMMUNITY PROGRAMS - THESE ACTIVITIES BRING OPERA TO A VARIETY OF AUDIENCES THROUGHOUT COLORADO AND NEIGHBORING STATES. SPECIAL PERFORMANCES, WORKSHOPS, TOURS, AND OTHER VIRTUAL PROGRAMS ARE TAILORED TO MEET THE NEEDS OF DIVERSE AUDIENCES FROM ALL COMMUNITIES.

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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 $6,254,065

Program Service Revenue $967,971

Investment Income $17,554

Other Revenue $48,885

TOTAL REVENUE $7,288,475

Expense Breakdown

Grants Paid $688,023

Salaries & Benefits $4,030,588

Fundraising Expenses $808,928

Program Expenses $5,310,374

Other Expenses $2,893,267

TOTAL EXPENSES $7,695,878

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,288,475	$6,238,197	+0.2%
Expenses	$7,695,878	$7,258,328	+0.1%
Net Income	$-407,403	$-1,020,131	-0.6%

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

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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

249

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

$175,760

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA TRASK SCHNEIDER	CO-CHAIR	2.00	Officer Director	$0	$0	$0
ROBERT WIEGAND II	CO-CHAIR	2.00	Officer Director	$0	$0	$0
CAROLE YALEY	VICE CHAIR	6.00	Officer Director	$0	$0	$0
ROOPESH AGGARWAL	PAST CO-CHAI	6.00	Director	$0	$0	$0
HEATHER KEMPER MILLER	PAST CO-CHAI	6.00	Director	$0	$0	$0
CHRISTINA DINEGAR	SECRETARY	2.00	Officer Director	$0	$0	$0
SUSAN B RAWLEY	TREASURER	2.00	Officer Director	$0	$0	$0
SCOTT FINLAY	CEO & PRESID	40.00	Officer	$175,000	$760	$175,760
CHARLES CALKINS	SR, DIRECTOR	40.00	Highest	$129,177	$8,195	$137,372
MARGARET WILLIAMS	MANAGING DIR	40.00	Highest	$144,460	$8,194	$152,654
LOUISE ATKINSON	BOARD MEMBER	2.00	Director	$0	$0	$0
ANNE MCGONAGLE	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN KEARNEY	BOARD MEMBER	2.00	Director	$0	$0	$0
KAREN RITZ	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSUA NAVARRO	BOARD MEMBER	2.00	Director	$0	$0	$0
KRISTIN BENDER	BOARD MEMBER	2.00	Director	$0	$0	$0
LINDA FULLERTON CLARK	BOARD MEMBER	2.00	Director	$0	$0	$0
SARAH WOODS	BOARD MEMBER	6.00	Director	$0	$0	$0
PAMELA BANSBACH	BOARD MEMBER	2.00	Director	$0	$0	$0
ANN COLLIER	BOARD MEMBER	2.00	Director	$0	$0	$0
MELINDA COUZENS	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD A GOOZH	BOARD MEMBER	2.00	Director	$0	$0	$0
NEWELL GRANT	BOARD MEMBER	2.00	Director	$0	$0	$0
LISA HASELDEN	BOARD MEMBER	2.00	Director	$0	$0	$0
MARGARET BAKER	BOARD MEMBER	2.00	Director	$0	$0	$0
ELI WALD	BOARD MEMBER	2.00	Director	$0	$0	$0
STACY MCHUGH	BOARD MEMBER	2.00	Director	$0	$0	$0
MARTY ERZINGER	BOARD MEMBER	2.00	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
2024	$7,288,475	$7,695,878	$2,374,013	$-407,403
2023	$6,238,197	$7,258,328	$3,258,942	$-1,020,131
2022	$5,719,247	$6,676,712	$3,618,166	$-957,465
2021	$11,954,405	$12,191,834	$4,003,841	$-237,429
2020	$8,349,950	$6,209,327	$4,974,895	$2,140,623
2019	$7,256,420	$6,376,785	$3,514,119	$879,635
2018	$6,700,210	$6,889,002	$3,770,787	$-188,792

CENTRAL CITY OPERA HOUSE ASSOCIATION