Norway Maine Opera House Corp (EIN 010528379) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

Elton Cole

Phone

2078907920

Tax Period

2023-01-01 to 2023-12-31

Norway Maine Opera House Corp, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $135K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 32% operating margin.

Mission

To protect, preserve and operate the historic Norway Opera house as a creative performance space, shared community venue, and economic generator for the downtown Norway and the greater Oxford Hills Community

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $76,505

Program Service Revenue $58,469

Investment Income $0

Other Revenue $0

TOTAL REVENUE $134,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,750

Other Expenses $91,813

TOTAL EXPENSES $91,813

Year-over-Year Comparison

	2023	2022	Change
Revenue	$134,974	$107,508	+0.3%
Expenses	$91,813	$97,582	-0.1%
Net Income	$43,161	$9,926	+3.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dennis Gray	Director	5.00	Officer	$0	$0	$0
Elton Cole	Treasurer	5.00	Officer	$0	$0	$0
Connie Allen	Secretary	5.00	Officer	$0	$0	$0
Brenda Melhus	Director	5.00	Director	$0	$0	$0
Scott Berk	Vice President	5.00	Director	$0	$0	$0
Matthew Delamater	President	5.00	Director	$0	$0	$0
Jill Fratianne	Director	5.00	Director	$0	$0	$0
David Dow	Director	5.00	Director	$0	$0	$0
Annie Somers	Director	5.00	Director	$0	$0	$0
Aaron Skolfield	Director	5.00	Director	$0	$0	$0
Holly Stuhr	Director	5.00	Director	$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	No data	No data	No data	No data
2023	$134,974	$91,813	$695,777	$43,161
2022	$107,508	$97,582	$612,457	$9,926
2021	$27,612	$22,403	$605,249	$5,209
2020	$10,613	$9,995	$590,180	$618
2019	$38,139	$36,493	$589,614	$1,646
2018	$26,879	$28,194	$587,969	$-1,315

Norway Maine Opera House Corp