THE OPERA HOUSE AT BOOTHBAY HARBOR

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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

Kari Smith

Phone

2076336855

Tax Period

2025-01-01 to 2025-12-31

THE OPERA HOUSE AT BOOTHBAY HARBOR, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $722K in total revenue in fiscal year 2025. Expenses of $638K left a modest 12% surplus.

Mission

The organization's mission is to provide a community arts center dedicated to the presentation of quality programs and the preservation of the historic Boothbay Harbor Opera House for the enrichment of the community.

Program Service Accomplishments

Program 1

Expenses: $552,871 Revenue: $294,254

In 2025, the organization celebrated its 22nd anniversary of full operations. The organization produced and presented over 100 concerts and events for the community, offering a continuous schedule of free and ticketed performing arts events by national and international entertainers suitable for adults and children of all ages. Producing concerts and providing programs and events open to the general public help the organization accomplish its mission of operating a community arts center that enlivens and enriches the lives of local citizenry. In 2025, the organization continued to make its facility available for use, either gratis or for a nominal fee, for public, civic and non-profit organizations for events attended by the general public. Hosting family-oriented events for the community, sponsored by both the organization and other local non-profit organizations, furthers the organization's purpose of operating a community arts center. In 2008, the building was certified as a historic structure by the U.S. Department of the Interior and added to the National Historic Register. The organization continuously works to honor that designation.

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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 (2025)

Revenue Breakdown

Contributions & Grants $372,146

Program Service Revenue $294,254

Investment Income $36,227

Other Revenue $19,471

TOTAL REVENUE $722,098

Expense Breakdown

Grants Paid $360

Salaries & Benefits $259,589

Fundraising Expenses $21,366

Program Expenses $552,871

Other Expenses $378,473

TOTAL EXPENSES $638,422

Year-over-Year Comparison

	2025	2024	Change
Revenue	$722,098	$743,080	0.0%
Expenses	$638,422	$666,714	0.0%
Net Income	$83,676	$76,366	+0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Catherine Sherrill	Executive Director	40	Highest	$127,147	$0	$127,147
Kari Smith	President	2	Officer Director	$0	$0	$0
Jill Tupper	Secretary	2	Officer Director	$0	$0	$0
Amy Valentine	Treasurer	2	Officer Director	$0	$0	$0
Vicki Reinecke	Vice President	2	Officer Director	$0	$0	$0
Lenore Imhof	Director	2	Director	$0	$0	$0
Bonnie Ginger	Director	2	Director	$0	$0	$0
Allyson Goodwin	Director	2	Director	$0	$0	$0
Leslie Bird	Director	2	Director	$0	$0	$0
Nan Davison	Director	2	Director	$0	$0	$0
Duane Brunell	Director	2	Director	$0	$0	$0
Mark Spencer	Director	2	Director	$0	$0	$0
Joe McCammon	Director	2	Director	$0	$0	$0
Kate McEvoy Rice	Director	2	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
2025	$722,098	$638,422	$3,463,882	$83,676
2024	No data	No data	No data	No data
2023	$582,571	$579,801	$3,041,072	$2,770
2022	$513,493	$499,421	$2,905,426	$14,072
2021	$513,394	$415,996	$3,047,558	$97,398
2020	$364,484	$350,902	$2,840,943	$13,582