The Kentucky Opera has posted a $7,000 surplus for the 2010 fiscal year, which officially ended May 31.
David Roth, Kentucky Opera’s General Director, says, “We are feeling the benefits of the restructuring we initiated in 2008. This new model made Kentucky Opera financially viable and artistically relevant. We maintained the three mainstage productions, added a concert opera in Owensboro and, more significantly, developed the Composer Workshop which will have long-term effects in our industry for years to come.”
The KOp managed to accumulate the surplus by moving to the Brown, for a savings of $200K, plus maintaining their grant connections and raising additional funds via their various fundraisers.