OPERA NEW ENGLAND OF NORTHEASTERN … - Form 990 Financial Data

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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

1978

Legal Domicile

Principal Officer

KAREN DELUCA

Phone

8604280736

Tax Period

2022-07-01 to 2023-06-30

OPERA NEW ENGLAND OF NORTHEASTERN CONNECTICUT INC, founded in 1978, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $50K in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $15K, a strong 29% operating margin.

Mission

OUR MISSION IS TO PROVIDE A VARIETY OF PROFESSIONAL ARTS EVENTS THAT APPEAL TO PEOPLE OF ALL AGES IN NORTHEASTERN CT AND NEARBY AREAS. CENTRAL TO OUR MISSION ARE OUR CHILDREN'S EDUCATIONAL OPERA AND SYMPHONY PROGRAMS, PRESENTED FREE OF CHARGE TO AREA TOWNS, WHICH INTRODUCE CHILDREN TO PROFESSIONAL PERFORMANCES OF BOTH OPERA AND THE SYMPHONY, AND WHICH SUPPLY SUPPORTIVE EDUCATIONAL MATERIALS.

Program Service Accomplishments

Program 1

Expenses: $30,037

PRODUCTIONS

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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 (2022)

Revenue Breakdown

Contributions & Grants $38,588

Program Service Revenue $0

Investment Income $5,135

Other Revenue $6,287

TOTAL REVENUE $50,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,037

Other Expenses $35,401

TOTAL EXPENSES $35,401

Year-over-Year Comparison

	2022	2021	Change
Revenue	$50,010	$44,359	+0.1%
Expenses	$35,401	$41,557	-0.1%
Net Income	$14,609	$2,802	+4.2%

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
MELISSA ZAHANSKY	CHAIR	3.00	Officer Director	$0	$0	$0
LEAH SCHAD	CO-CHAIR	2.00	Officer Director	$0	$0	$0
KAREN DELUCA	TREASURER	3.00	Officer Director	$0	$0	$0
MARY ARCHAMBAULT	SECRETARY	2.00	Officer 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
2023	$50,010	$35,401	$178,172	$14,609
2022	$44,359	$41,557	$153,537	$2,802
2021	$34,933	$19,663	$170,723	$15,270
2020	$35,131	$27,452	$130,361	$7,679

OPERA NEW ENGLAND OF NORTHEASTERN CONNECTICUT INC