UTAH FESTIVAL OPERA COMPANY (EIN 870498252) - 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

1992

Legal Domicile

Phone

4357500300

Tax Period

2023-10-01 to 2024-09-30

UTAH FESTIVAL OPERA COMPANY, founded in 1992, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $4.1M exceeded revenue, resulting in a 45% operating deficit.

Mission

ELEVATING LIVES THROUGH ENNOBLING ARTISTIC EXPERIENCES BY CREATING A NURTURING ENVIRONMENT THAT ENSURES PERFORMANCE EXCELLENCE, CREATIVE EXPERIENCES, AND EDUCATIONAL OPPORTUNITIES.

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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 $1,902,497

Program Service Revenue $921,785

Investment Income $5,006

Other Revenue $-6,078

TOTAL REVENUE $2,823,210

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,171,202

Fundraising Expenses $114,019

Program Expenses $3,661,851

Other Expenses $2,915,381

TOTAL EXPENSES $4,086,583

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,823,210	$3,631,013	-0.2%
Expenses	$4,086,583	$4,662,510	-0.1%
Net Income	$-1,263,373	$-1,031,497	+0.2%

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

283

Volunteers

130

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

$190,016

Total Directors

$124,910

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BALLAM	FOUNDING DIRECT	40.00	Officer Director	$88,671	$0	$88,671
GARY GRIFFIN	Executive Dir.	40.00	Officer	$59,515	$0	$59,515
ANNETTE MACFARLANE	Secretary	40.00	Officer	$41,830	$0	$41,830
VANESSA BALLAM	Trustee	10.00	Director	$36,239	$0	$36,239
TERESA BASSET	Treasurer	1.00	Officer Director	$0	$0	$0
KARL WARD	Trustee	1.00	Director	$0	$0	$0
DIANNE SUMMERS	Trustee	1.00	Director	$0	$0	$0
LYLE HILLYARD	Trustee	1.00	Director	$0	$0	$0
BEN CLAWSON	Trustee	1.00	Director	$0	$0	$0
PAMELA MARCH	Trustee	1.00	Director	$0	$0	$0
JACK SHOUSE	Trustee	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
2024	$2,823,210	$4,086,583	$12,408,909	$-1,263,373
2023	$3,631,013	$4,662,510	$12,690,530	$-1,031,497
2022	$3,306,953	$4,062,292	$13,283,393	$-755,339
2021	$2,342,622	$1,948,697	$14,411,658	$393,925
2020	$2,134,651	$1,985,852	$13,420,758	$148,799
2019	$3,180,465	$3,772,032	$13,433,869	$-591,567
2018	$3,909,408	$3,681,574	$13,889,773	$227,834

UTAH FESTIVAL OPERA COMPANY