PARK CITY OPERA

EIN: 991970164 501(c)(3) Arts, Culture & Humanities

PARK CITY, UT

Total Revenue
$303,267
Total Expenses
$134,220
Total Assets
$216,364
Net Assets
$211,560
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
UT
Principal Officer
Elisabeth L Wangermann
Phone
2143267411
Tax Period
2024-11-01 to 2025-10-31

PARK CITY OPERA, founded in 2024, is a small nonprofit in the Arts, Culture & Humanities sector that reported $303K in total revenue in fiscal year 2024. The organization ran a surplus of $169K, a strong 56% operating margin.

Mission

Park City Opera is a non-profit organization dedicated to bringing approachable and inventive opera and vocal arts to Park City and the surrounding communities. Now in our third season, we are reimagining opera outside of the traditional opera house, performing in venues that showcase the natural beauty of Park City.

Program Service Accomplishments

Program 1
Expenses: $82,271 Revenue: $38,403

Park City Operas inaugural mainstage production, Rossinis "The Barber of Seville," was a resounding success. All three performances of "The Barber of Seville" were completely sold-out (700+ total...

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Park City Operas inaugural mainstage production, Rossinis "The Barber of Seville," was a resounding success. All three performances of "The Barber of Seville" were completely sold-out (700+ total attendees), and all who wanted to attend were able to due in part to the 155 free tickets that were made available to Park City Library patrons to the show in Santy Auditorium. Demand was so high that these were fully reserved two weeks before the performance. Discounted student, senior, and military tickets were also available. In total, 35 singers, instrumentalists, directors, conductors, theater technicians, and others were hired in help bring this production to life. "The Barber of Seville" was the first full operatic production in Park City in over 20 years, and the reception from the community indicates that opera will have a home in Park City for years to come. While Summit County has a flourishing arts scene, it is underserved in terms of classical music, especially vocal classical music. The closest professional opera companies active in the summer are hours away, so Park City Operas summer production represents a unique, local musical opportunity.

Program 2
Expenses: $19,084 Revenue: $16,215

Park City Opera's Concert Series programming includes performances, recitals, lectures and other events hosted in a variety of venues and is specifically designed for our community, providing an...

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Park City Opera's Concert Series programming includes performances, recitals, lectures and other events hosted in a variety of venues and is specifically designed for our community, providing an important and desired cultural experience to audiences while also supporting the local economy by attracting visitors and engaging local artists. For audiences, we are diversifying the cultural landscape of our community in collaboration with existing organizations like the Gallery Association, Mountain Town Music, and the Park City Library. For local businesses, we are inviting a new constituency of visitors to Park City: classical music-lovers who travel to see their favorite singers or operas live. For artists, we are creating positive performance opportunities where there previously were none. From November 2024 to October 2025, we produced 20 Concert Series events, the majority of which were free and open to the public. We believed we reached close to 1500 audience members through this program and created dozens of opportunities for singers and instrumentalists.

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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 $245,919
Program Service Revenue $57,348
Investment Income $0
Other Revenue $0
TOTAL REVENUE $303,267

Expense Breakdown

Grants Paid $0
Salaries & Benefits $72,728
Fundraising Expenses $0
Program Expenses $101,355
Other Expenses $61,492
TOTAL EXPENSES $134,220

Year-over-Year Comparison

2024 2023 Change
Revenue $303,267 N/A N/A
Expenses $134,220 N/A N/A
Net Income $169,047 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
0
$0
Total Directors
5
$0
Key Employees
3
$17,429
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Neylan McBaine Director 0.20
Director
$0 $0 $0
Richard Lalli Director 0.20
Director
$0 $0 $0
Susanne Mentzer Director 0.20
Director
$0 $0 $0
Diane Zack Director 0.20
Director
$0 $0 $0
Elisabeth L Wangermann Director of Development, Co-founder 20.00
Key Emp
$5,325 $0 $5,325
Amy Englebrecht Director 0.20
Director
$0 $0 $0
Lena Goldstein Executive Director, Co-founder 20.00
Key Emp
$6,986 $0 $6,986
Benjamin Beckman Artistic Director, Co-founder 20.00
Key Emp
$5,118 $0 $5,118
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 $303,267 $134,220 $216,364 $169,047
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