San Diego Opera Association (EIN 956044429) - 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

1953

Legal Domicile

Principal Officer

RICARDO CAMBEROS

Phone

6192327636

Tax Period

2023-07-01 to 2024-06-30

San Diego Opera Association, founded in 1953, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.7M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $7.8M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE MISSION OF SAN DIEGO OPERA IS TO DELIVER EXCEPTIONAL PERFORMANCES AND EXCITING, ACCESSIBLE PROGRAMS TO DIVERSE AUDIENCES, FOCUSING ON COMMUNITY ENGAGEMENT AND THE TRANSFORMATIVE AND EXPRESSIVE POWER OF THE HUMAN VOICE. AS PART OF ITS MISSION TO MAKE OPERA ACCESSIBLE TO ALL, SAN DIEGO OPERA OFFERS EXTENSIVE OPERA EDUCATION AND OUTREACH PROGRAMS, WHICH SERVE ADULTS AND SCHOOL CHILDREN IN SAN DIEGO COUNTY AND NORTHERN MEXICO, WITH A SPECIAL EMPHASIS ON DISADVANTAGED CHILDREN.

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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 $4,249,074

Program Service Revenue $1,918,207

Investment Income $27,347

Other Revenue $464,469

TOTAL REVENUE $6,659,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,131,389

Fundraising Expenses $919,238

Program Expenses $5,958,206

Other Expenses $3,675,996

TOTAL EXPENSES $7,807,385

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,659,097	$7,236,335	-0.1%
Expenses	$7,807,385	$11,104,070	-0.3%
Net Income	$-1,148,288	$-3,867,735	-0.7%

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

309

Volunteers

131

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

$589,420

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BENNETT	GENERAL DIR	40.00	Officer	$311,154	$19,324	$330,478
JEANNIE POSNER	CFO/COO (FMR)	40.00	Officer	$241,788	$17,154	$258,942
BRUCE STASYNA	RES. CONDUCTOR	40.00		$149,075	$11,665	$160,740
MATTHEW GRABER	CHIEF MKTG & COM	40.00		$113,700	$3,944	$117,644
JOAN FOSTER	PRODUCTION DIR	40.00		$103,815	$13,453	$117,268
PETER SHAVITZ	CDO	40.00		$108,539	$4,324	$112,863
ROBERT H KAPLAN PHD	VP FINANCE	4.00	Officer Director	$0	$0	$0
SARAH B MARSH-REBELO GG	CHAIRPERSON	4.00	Officer Director	$0	$0	$0
JANET WHITE MA MBA CSCI	President	4.00	Officer Director	$0	$0	$0
BRETT MCCLAIN	Director	2.00	Director	$0	$0	$0
VERONICA LEFF MAM	Director	2.00	Director	$0	$0	$0
LINDA SPUCK	Executive VP	4.00	Officer Director	$0	$0	$0
CLARICE PERKINS	Secretary	4.00	Officer Director	$0	$0	$0
JOANN CLARK	Director	2.00	Director	$0	$0	$0
KARL HOSTETLER MD	Director	2.00	Director	$0	$0	$0
JOAN HENKELMANN	Director	2.00	Director	$0	$0	$0
BEAU HAUGH	Director	2.00	Director	$0	$0	$0
CAROL LAZIER	Director	2.00	Director	$0	$0	$0
RONALD G LEONARDI PHD	Director	2.00	Director	$0	$0	$0
JOSEPH P MARTINEZ	Director	2.00	Director	$0	$0	$0
COREEN G PETTI	Director	2.00	Director	$0	$0	$0
BRETT MACLEOD	Director	2.00	Director	$0	$0	$0
ROBIN ALLGREN MD PHD	Director	2.00	Director	$0	$0	$0
JASON PAGUIO	Director	2.00	Director	$0	$0	$0
GLORIA M SHURMAN PHD	Director	2.00	Director	$0	$0	$0
M LINDENSTEIN WALSHOK PHD	Director	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
2025	No data	No data	No data	No data
2024	$6,659,097	$7,807,385	$13,529,641	$-1,148,288
2023	$7,236,335	$11,104,070	$13,243,536	$-3,867,735
2022	$9,586,984	$7,788,093	$16,926,315	$1,798,891
2021	$6,702,781	$6,244,510	$16,260,111	$458,271
2020	$8,117,025	$6,404,013	$13,356,852	$1,713,012
2019	$10,631,760	$9,820,188	$11,969,923	$811,572
2018	$11,056,450	$10,077,440	$11,828,995	$979,010

San Diego Opera Association