SAN FRANCISCO OPERA ASSOCIATION

EIN: 940836240 501(c)(3) Arts, Culture & Humanities

SAN FRANCISCO, CA

Total Revenue
$103,898,267
Total Expenses
$93,360,982
Total Assets
$362,293,193
Net Assets
$329,241,242
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1923
Legal Domicile
CA
Principal Officer
MATTHEW SHILVOCK
Phone
4155653295
Tax Period
2023-08-01 to 2024-07-31

SAN FRANCISCO OPERA ASSOCIATION, founded in 1923, is a major nonprofit in the Arts, Culture & Humanities sector that reported $103.9M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $93.4M left a modest 10% surplus.

Mission

THE WORLD-RENOWNED SAN FRANCISCO OPERA IS CONSIDERED ONE OF THE MOST IMPORTANT OPERATIC ORGANIZATIONS IN THE UNITED STATES. GREAT SINGING, OUTSTANDING CONDUCTING AND PRODUCTIONS SENSITIVE TO THE MUSIC ARE CORE VALUES OF THE OPERA. THE OPERA PERPETUATES ITS LEGACY THROUGH THE TRAINING OF YOUNG ARTISTS, ARTS EDUCATION, AND AUDIENCE DEVELOPMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $56,422,826
Program Service Revenue $17,804,744
Investment Income $30,374,594
Other Revenue $-703,897
TOTAL REVENUE $103,898,267

Expense Breakdown

Grants Paid $0
Salaries & Benefits $68,313,696
Fundraising Expenses $5,193,170
Program Expenses $71,592,219
Other Expenses $24,845,034
TOTAL EXPENSES $93,360,982

Year-over-Year Comparison

2023 2022 Change
Revenue $103,898,267 $85,335,694 +0.2%
Expenses $93,360,982 $98,402,775 -0.1%
Net Income $10,537,285 $-13,067,081 -1.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
68
Independent Members
67
Employees
971
Volunteers
323

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
9
$1,155,992
Total Directors
70
$759,840
Key Employees
6
$1,665,649
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW SHILVOCK CEO/GENERAL DIRECTOR 60.00
Officer Director
$717,377 $42,463 $759,840
JOHN A GUNN OFFICER OF THE BOARD-CHAIRMAN 5.00
Officer Director
$0 $0 $0
FRANKLIN PITCH JOHNSON JR OFFICER OF THE BOARD-CHAIR EMERITUS 5.00
Officer Director
$0 $0 $0
KEITH B GEESLIN OFFICER OF THE BOARD-VICE CHAIR 5.00
Officer Director
$0 $0 $0
JACK CALHOUN OFFICER OF THE ASSN-PRESIDENT 5.00
Officer Director
$0 $0 $0
GEORGE H HUME OFFICER OF THE ASSN-TREASURER 5.00
Officer Director
$0 $0 $0
KAREN J KUBIN OFFICER OF THE ASSN-SECRETARY 5.00
Officer Director
$0 $0 $0
SUSAN ANDERSON-NORBY DIRECTOR 1.00
Director
$0 $0 $0
CLAIRE WRENN BOBROW DIRECTOR 1.00
Director
$0 $0 $0
ROMANA BRACCO DIRECTOR 1.00
Director
$0 $0 $0
NANIETTE COLEMAN DIRECTOR 1.00
Director
$0 $0 $0
DR WILLIAM M COUGHRAN JR DIRECTOR 1.00
Director
$0 $0 $0
VALERIE CRANE DORFMAN DIRECTOR 1.00
Director
$0 $0 $0
JAMES CROSS DIRECTOR/MEROLA OPERA PROG. PRESIDENT 1.00
Director
$0 $0 $0
ARIF DAMJI DIRECTOR 1.00
Director
$0 $0 $0
JAYNE C DAVIS DIRECTOR 1.00
Director
$0 $0 $0
JEROME DODSON DIRECTOR 1.00
Director
$0 $0 $0
CAROL PUCCI DOLL DIRECTOR 1.00
Director
$0 $0 $0
DIXON DOLL DIRECTOR 1.00
Director
$0 $0 $0
ROBERT A ELLIS DIRECTOR 1.00
Director
$0 $0 $0
LISA ERDBERG DIRECTOR 1.00
Director
$0 $0 $0
PETER FENTON DIRECTOR 1.00
Director
$0 $0 $0
SARAH FENTON DIRECTOR 1.00
Director
$0 $0 $0
ANNA FIELER DIRECTOR 1.00
Director
$0 $0 $0
MARGARITA GANDIA DIRECTOR 1.00
Director
$0 $0 $0
SUSAN GRAHAM JOHNSTON DIRECTOR 1.00
Director
$0 $0 $0
LOUISE GUND DIRECTOR 1.00
Director
$0 $0 $0
OMAR GUO DIRECTOR/BRAVO! COUNCIL CHAIR 1.00
Director
$0 $0 $0
GRETCHEN WOLFE HANSEN DIRECTOR 1.00
Director
$0 $0 $0
JANE M HARTLEY DIRECTOR 1.00
Director
$0 $0 $0
JOHN HENDRICKSON DIRECTOR 1.00
Director
$0 $0 $0
DOREEN WOO HO DIRECTOR 1.00
Director
$0 $0 $0
CHARLES EDWARD HUDSON III DIRECTOR 1.00
Director
$0 $0 $0
SYLVIA HUGHES DIRECTOR 1.00
Director
$0 $0 $0
J BURGESS JAMIESON DIRECTOR (THRU 11/23) 1.00
Director
$0 $0 $0
TIMOTHY F KAHN DIRECTOR 1.00
Director
$0 $0 $0
CHOONGJIA MARIA KAHNG DIRECTOR 1.00
Director
$0 $0 $0
LAWRENCE A KERN DIRECTOR 1.00
Director
$0 $0 $0
MARK R KROLL DIRECTOR 1.00
Director
$0 $0 $0
COURTNEY LABE DIRECTOR/GUILD BOARD PRESIDENT 1.00
Director
$0 $0 $0
SYLVIA R LINDSEY DIRECTOR 1.00
Director
$0 $0 $0
MRS CYNTHIA SNORF LIVERMORE DIRECTOR 1.00
Director
$0 $0 $0
HON RICHARD C LIVERMORE DIRECTOR 1.00
Director
$0 $0 $0
SUSAN MARINEAU DIRECTOR 1.00
Director
$0 $0 $0
J PATTERSON MCBAINE DIRECTOR 1.00
Director
$0 $0 $0
PATRICK MCCABE DIRECTOR 1.00
Director
$0 $0 $0
ANNE G MCWILLIAMS DIRECTOR (THRU 02/24) 1.00
Director
$0 $0 $0
HELEN MEYER DIRECTOR 1.00
Director
$0 $0 $0
KARL O MILLS DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN MOORE DIRECTOR 1.00
Director
$0 $0 $0
MARYAM MUDUROGLU DIRECTOR 1.00
Director
$0 $0 $0
NANCY S MUELLER DIRECTOR 1.00
Director
$0 $0 $0
JANET NAPOLITANO DIRECTOR 1.00
Director
$0 $0 $0
BEN NELSON DIRECTOR 1.00
Director
$0 $0 $0
J BOYCE NUTE DIRECTOR 1.00
Director
$0 $0 $0
BERNARD OSHER DIRECTOR 1.00
Director
$0 $0 $0
JASON PHILLIPS DIRECTOR 1.00
Director
$0 $0 $0
ANNE BRANDEIS POPKIN DIRECTOR 1.00
Director
$0 $0 $0
RICHARD J RIGG PHD DIRECTOR 1.00
Director
$0 $0 $0
CP RUSSELL DIRECTOR 1.00
Director
$0 $0 $0
BILL RUSSELL-SHAPIRO DIRECTOR 1.00
Director
$0 $0 $0
JACK SCHAFER DIRECTOR 1.00
Director
$0 $0 $0
RUTH A SHORT DIRECTOR 1.00
Director
$0 $0 $0
MRS DIANNE MARIE TAUBE DIRECTOR 1.00
Director
$0 $0 $0
SOO VENKATESAN DIRECTOR 1.00
Director
$0 $0 $0
MS BARBARA MOLLER WARD DIRECTOR 1.00
Director
$0 $0 $0
MRS DIANE B WILSEY DIRECTOR 1.00
Director
$0 $0 $0
BARBARA A WOLFE DIRECTOR 1.00
Director
$0 $0 $0
MELINDA YEE FRANKLIN DIRECTOR 1.00
Director
$0 $0 $0
S SHARIQ YOSUFZAI DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL SIMPSON MANAGING DIRECTOR: ADMIN/CFO 60.00
Officer
$355,748 $40,404 $396,152
REID W DENNIS OFFICER OF THE BOARD-CHAIR EMERITUS 5.00
Officer
$0 $0 $0
LISA BURY CHIEF PHILANTHROPY OFFICER 60.00
Key Emp
$288,983 $9,498 $298,481
JENNIFER GOOD MANAGING DIRECTOR: PRODUCTION 60.00
Key Emp
$294,832 $35,539 $330,371
GREGORY HENKEL MANAGING DIRECTOR: ARTISTIC 60.00
Key Emp
$296,617 $26,616 $323,233
THERESA VON KLUG CHIEF OPERATING OFFICER 60.00
Key Emp
$223,341 $28,430 $251,771
TABITHA ROWELL DIRECTOR OF DEVELOPMENT 60.00
Key Emp
$189,318 $20,007 $209,325
TROY SMITH DIRECTOR OF MARKETING 60.00
Key Emp
$186,625 $65,843 $252,468
EUN SUN KIM CAROLINE H. HUME MUSIC DIRECTOR 60.00
Highest
$545,938 $26,476 $572,414
DOUGLAS MITCHELL HEAD OF AUDIO/VISUAL 60.00
Highest
$278,409 $72,708 $351,117
KAY STERN ORCHESTRA MEMBER CONCERTMASTER 60.00
Highest
$277,076 $57,971 $335,047
DAVID HATCH HEAD OF CARPENTRY 60.00
Highest
$249,320 $65,028 $314,348
LORI HARRISON HEAD OF PROPERTIES 60.00
Highest
$253,579 $66,153 $319,732
LEE HELMS DIRECTOR OF INNOVATION PROGRAMS 60.00
$185,524 $18,041 $203,565
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 $103,898,267 $93,360,982 $362,293,193 $10,537,285
2023 $85,335,694 $98,402,775 $346,916,574 $-13,067,081
2022 $88,376,102 $68,630,368 $340,733,171 $19,745,734
2021 $79,158,489 $52,174,556 $369,784,114 $26,983,933
2020 $88,254,131 $70,437,595 $287,958,480 $17,816,536
2019 $86,033,935 $77,924,437 $272,298,969 $8,109,498
2018 $85,746,656 $78,385,866 $272,306,576 $7,360,790
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