TACOMA OPERA ASSOCIATION PROFESSIONAL SERVICES

EIN: 911237511 501(c)(3) Arts, Culture & Humanities

Tacoma, WA

Total Revenue
$465,407
Total Expenses
$476,334
Total Assets
$121,456
Net Assets
$6,560
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
WA
Principal Officer
Kathy Mcauley
Phone
2536277789
Tax Period
2024-06-01 to 2025-05-31

TACOMA OPERA ASSOCIATION PROFESSIONAL SERVICES, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $465K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

To produce quality grand opera and to provide equitable access and education to the arts. We believe that classical music has the power to engage our community in meaningful and important ways. Promote and include all voices and perspectives including special attention and consideration of traditionally marginalized, under-served or under-represented members of our community; forge inroads for young school-aged students to experience live performances in the theaters at no cost; promote the next generation of young singers with our emerging artist program, to create the first professional steps for new, young singers into the world of opera.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $337,116
Program Service Revenue $126,806
Investment Income $1,485
Other Revenue $0
TOTAL REVENUE $465,407

Expense Breakdown

Grants Paid $0
Salaries & Benefits $123,751
Fundraising Expenses $65,311
Program Expenses $252,600
Other Expenses $352,583
TOTAL EXPENSES $476,334

Year-over-Year Comparison

2024 2023 Change
Revenue $465,407 $520,849 -0.1%
Expenses $476,334 $597,352 -0.2%
Net Income $-10,927 $-76,503 -0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
43
Volunteers
30

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
5
$45,469
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Limuel B Forgey III General Director 40
Officer
$45,469 $0 $45,469
Jennifer Hartley Board Member 1
Director
$0 $0 $0
Fralisa Mcfall Board Member 1
Director
$0 $0 $0
Susan Connolly Board Member 1
Director
$0 $0 $0
Heidi Madson Board Member 1
Director
$0 $0 $0
Ryan Porter Board Member 1
Director
$0 $0 $0
Maria Balderrama Board Member 1
Director
$0 $0 $0
Vic Tomono Board Member 1
Director
$0 $0 $0
Kathryn Mcauley Treasurer 1
Officer
$0 $0 $0
Cynthia Branson Secretary 1
Officer
$0 $0 $0
John Sanders Vice President 1
Officer
$0 $0 $0
Ryan Porter President 1
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
2025 $465,407 $476,334 $121,456 $-10,927
2024 $520,849 $597,352 $101,573 $-76,503
2023 $404,972 $332,345 $96,285 $72,627
2022 $305,267 $316,132 $36,365 $-10,865
2021 $194,148 $160,268 $95,544 $33,880
2020 $417,722 $400,787 $43,214 $16,935
2019 $299,719 $324,961 $34,307 $-25,242
2018 $561,097 $543,513 $44,728 $17,584
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