HARLEM OPERA THEATER INC (EIN 134187863) - 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

2002

Legal Domicile

Principal Officer

EDWINA MEYERS-LYNCH

Tax Period

2023-08-01 to 2024-07-31

HARLEM OPERA THEATER INC, founded in 2002, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $52K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $47K left a modest 9% surplus.

Mission

TO CULTIVATE INTEREST AND SUPPORT ARTISTS WITH CONCERTS, RECITALS AND NEW INITIATIVES RELATING TO CLASSICAL, OPERA AND SPIRITUAL MUSIC.

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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 $52,171

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $52,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,436

Other Expenses $47,436

TOTAL EXPENSES $47,436

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,171	$41,141	+0.3%
Expenses	$47,436	$41,536	+0.1%
Net Income	$4,735	$-395	-13.0%

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

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	Role	Reportable Comp	Other Comp	Total
RUQAIYAH NABE	BOARD MEMBER	Director	$0	$0	$0
TWILA PERRY	BOARD MEMBER	Director	$0	$0	$0
JEFFREY COLVIN	BOARD MEMBER	Director	$0	$0	$0
GREGORY HOPKINS	ARTISTIC DIRECTOR	Director	$0	$0	$0
EDWINA MEYERS-LYNCH	PRESIDENT	Officer	$0	$0	$0
CAROL BROWN	SECRETARY	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	$52,171	$47,436	$7,737	$4,735
2023	$41,141	$41,536	$3,002	$-395
2022	$57,968	$58,426	$3,397	$-458
2021	$21,250	$21,713	$3,856	$-463
2020	$21,111	$23,453	$562	$-2,342
2019	$30,090	$35,662	$2,594	$-5,572

HARLEM OPERA THEATER INC