Salt Marsh Opera Company

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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

Tig Conger

Phone

8605353456

Tax Period

2024-01-01 to 2024-12-31

Salt Marsh Opera Company, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $278K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $340K exceeded revenue, resulting in a 23% operating deficit.

Mission

To stage the finest professional opera productions in Southeastern New England. To excite and build audiences for the enjoyment of a grand art form. To offer educational programs and creative community outreach events that expand the opera experience.

Program Service Accomplishments

Program 1

Expenses: $289,318 Revenue: $47,963

Preparation and presentation of major opera performances in the southern New England region. Performed in multiple venues, these fully realized performances are accompanied by full orchestra and...

Preparation and presentation of major opera performances in the southern New England region. Performed in multiple venues, these fully realized performances are accompanied by full orchestra and serve audiences of approximately over 1,000 annually.

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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 (2024)

Revenue Breakdown

Contributions & Grants $202,381

Program Service Revenue $47,936

Investment Income $27,385

Other Revenue $0

TOTAL REVENUE $277,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,214

Fundraising Expenses $13,875

Program Expenses $289,318

Other Expenses $270,068

TOTAL EXPENSES $340,282

Year-over-Year Comparison

	2024	2023	Change
Revenue	$277,702	$845,490	-0.7%
Expenses	$340,282	$365,931	-0.1%
Net Income	$-62,580	$479,559	-1.1%

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

N/A

Volunteers

N/A

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
Dean Davis	Trustee	2.00	Director	$0	$0	$0
Bob Pompei	President	2.00	Officer Director	$0	$0	$0
Mia Unson	Trustee	2.00	Director	$0	$0	$0
Mark Hinkley	Trustee	2.00	Director	$0	$0	$0
Philip Ledwith	Trustee	2.00	Director	$0	$0	$0
Brooke Rodgers	Vice President	2.00	Officer Director	$0	$0	$0
John Ong	Treasurer	4.00	Officer Director	$0	$0	$0
Matthew McCauley	Trustee	2.00	Director	$0	$0	$0
Simon Holt	Executive Director	18.00	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	$277,702	$340,282	$810,753	$-62,580
2023	$845,490	$365,931	$858,155	$479,559
2022	$298,566	$325,032	$349,662	$-26,466
2021	$351,471	$298,875	$423,191	$52,596
2020	$193,192	$163,073	$363,787	$30,119
2019	$570,357	$299,445	$293,013	$270,912
2018	$319,506	$335,557	$10,975	$-16,051