OPERA HOUSE ARTS (EIN 010526734) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

DAVID STEPHENS

Phone

2073672788

Tax Period

2023-11-01 to 2024-10-31

OPERA HOUSE ARTS is a 501(c)(3) with EIN 010526734, based in STONINGTON, ME. Founded in 1999, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $1,451,119 in total revenue and $971,161 in total expenses, with net assets of $2,393,811.

Mission

OPERA HOUSE ARTS WAS ESTABLISHED AS A 501(C)3 IN 1999 TO RESTORE THE HISTORIC 1912STONINGTON OPERA HOUSE TO ITS CENTRAL ROLE IN THE CULTURAL LIFE OF THE DEER ISLE COMMUNITY. OUR MISSION IS TO FOSTER AND PROMOTE EXCELLENCE IN ALL THE WAYS WE PERFORM OUR LIVES:INCITE ART, CREATE COMMUNITY. TODAY, THE STONINGTON OPERA HOUSE IS A HISTORIC CENTER OF CULTURE AND ENTERTAINMENT, A PERFORMANCE SPACE, AND A CIVIC GATHERING PLACE. OUR WORK IS ROOTED IN THE BELIEF THAT ACCESS TO AND PARTICIPATION IN THE ARTS TRANSFORMS LIVES. WE OFFER A YEAR-ROUND SCHEDULE OF THEATRICAL PERFORMANCES, FILM, CONCERTS - INCLUDING A JAZZ FESTIVAL - TRIVIA AND OPENMIC NIGHTS, AND EVENTS THAT HONOR DOWNEAST CULTURE AND GIVE OUR COMMUNITY A VOICE.WE OPERATE UNDER AN ACTORS EQUITY SMALL PROFESSIONAL THEATRE CONTRACT AND PRODUCE NEW AND ORIGINAL PROFESSIONAL, MULTIDISCIPLINARY PERFORMANCES THAT ARE RECOGNIZED LOCALLY AND NATIONALLY. OUR AUDIENCES ARE THE RESIDENTS OF DEER ISLE, THE BLUE HILL PENINSULA, AND HANCOCK COUNTY W

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,295,252

Program Service Revenue $146,917

Investment Income $16,785

Other Revenue $-7,835

TOTAL REVENUE $1,451,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $488,894

Fundraising Expenses $181,778

Program Expenses $593,591

Other Expenses $482,267

TOTAL EXPENSES $971,161

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,451,119	$737,845	+1.0%
Expenses	$971,161	$857,924	+0.1%
Net Income	$479,958	$-120,079	-5.0%

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

Volunteers

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

$68,238

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
DAVID STEPHENS	CHAIR	8.00	Officer Director	$0	$0	$0
KATE CALDWELL	DIRECTOR	2.00	Director	$0	$0	$0
GALEN KOCH	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL BLOOM	TREASURER	2.00	Officer Director	$0	$0	$0
SARAH WILSON	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA DEWELL	EXEC DIRECTO	40.00	Officer	$66,250	$1,988	$68,238
JOHN MCVEIGH	VICE CHAIR	4.00	Officer Director	$0	$0	$0
SAL TAYLOR KYDD	DIRECTOR	2.00	Director	$0	$0	$0
JAMES COOK	DIRECTOR	2.00	Director	$0	$0	$0
SASHA GROSS	DIRECTOR	2.00	Director	$0	$0	$0
CALEB SCOTT	DIRECTOR	2.00	Director	$0	$0	$0
ERIKA SANGER	EXECUTIVE DI	40.00	Officer	$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
2024	$1,451,119	$971,161	$2,550,469	$479,958
2023	$737,845	$857,924	$2,000,631	$-120,079
2022	$553,744	$916,461	$2,089,674	$-362,717
2021	$996,461	$668,188	$2,484,317	$328,273
2020	$634,869	$518,233	$2,104,182	$116,636
2019	$929,063	$915,849	$1,988,162	$13,214
2018	$896,322	$767,087	$1,972,362	$129,235

OPERA HOUSE ARTS