Opera Theatre of the Rockies
Nonprofit profile at a glance
- EIN
- 841476734
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990 2020, Form 990-EZ 2024
- Location
- Colorado Springs, CO, USA
- Phone
- 7195701950
- Rating
- 61
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $117,509
- Expenses
- $155,628
- Assets
- $184,982
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- Chris Lilley (President)
- Stephen Locke (Vice President)
People named in this filing
- Chris Lilley (President)
- Stephen Locke (Vice President)
- Rachel Ray Erazo (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Opera Theatre of the Rockies is committed to the advancement of opera in southern Colorado through performance, education and training.
What it reported doing in 2024
Teaching the basics of the opera to high school age students in the community.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 52
- Transparency & Controls: 82
- Sustainability: 22
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 56.9%; rating input score 57
- Program expense ratio: 42.9%; rating input score 43
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -32.4%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 1.19; rating input score 65; 65th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 28%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: -46.6% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: -6.3% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: 13.8% per year; rating input score 100; 71st percentile among comparable filings
Details
- Where the money goes: 56.9% of revenue deployed · 42.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $67K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 57/100.
- Moderate — Financial Efficiency: Program expense ratio scored 43/100.
- High — Sustainability: Operating margin scored 4/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 12/100.