Park City Opera
Nonprofit profile at a glance
- EIN
- 991970164
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-N 2024
- Location
- Park City, UT, USA
- Phone
- 2143267411
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $303,267
- Expenses
- $134,220
- Assets
- $216,364
- Liabilities
- $4,804
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Lena Goldstein (Executive Director, Co-founder)
Highest reported compensation
- Lena Goldstein (Executive Director, Co-founder): $6,986 total reported compensation
- Elisabeth L Wangermann (Director of Development, Co-founder): $5,325 total reported compensation
- Benjamin Beckman (Artistic Director, Co-founder): $5,118 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 72% of the money available for current operations came from contributions and gifts.
- 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 and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 44
- Transparency & Controls: 100
- Accountability: 86
- Sustainability: 67
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 33.4%; rating input score 33
- Program expense ratio: 75.5%; rating input score 76
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 55.7%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 1.61; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 13%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 33.4% of revenue deployed · 75.5% of spending went to programs
- Governance: 5 of 5 board members independent · 6 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $101K in reported program spending
- Leadership: top reported pay $7K · 8 people listed
- Consistency: 40 of 40 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 33/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- High — Sustainability: Officer compensation ratio scored 26/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.