COOPERSTOWN, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GLIMMERGLASS OPERA THEATRE INC, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $10.1M exceeded revenue, resulting in a 20% operating deficit.
PRODUCE OPERAS AND MUSICAL THEATER IN INNOVATIVE PRODUCTIONS; PROVIDE PROFESSIONAL TRAINING AND PERFORMANCE OPPORTUNITIES FOR EMERGING ARTISTS AND INTERNS; ENGAGE IMPORTANT ARTISTS WHO INSPIRE THE HIGHEST STANDARDS OF ACHIEVEMENT; INSPIRE DIALOGUE AROUND MEANINGFUL ISSUES OF THE DAY THROUGH SONG AND STORY; COLLABORATE WITH REGIONAL ORGANIZATIONS, SCHOOLS AND BUSINESSES TO ENHANCE LIFE IN CENTRAL NEW YORK.
GLIMMERGLASS IS AN EIGHT-WEEK SUMMER FESTIVAL, ANNUALLY PRESENTING 32-TO-36 PERFORMANCES OF FOUR ORIGINAL PRODUCTIONS OF OPERA AND CLASSIC BROADWAY IN ROTATING REPERTORY IN ITS 900-SEAT THEATER...
GLIMMERGLASS IS AN EIGHT-WEEK SUMMER FESTIVAL, ANNUALLY PRESENTING 32-TO-36 PERFORMANCES OF FOUR ORIGINAL PRODUCTIONS OF OPERA AND CLASSIC BROADWAY IN ROTATING REPERTORY IN ITS 900-SEAT THEATER. GLIMMERGLASS HAS EARNED AN INTERNATIONAL REPUTATION AS A CREATIVE CENTER FOR THE DEVELOPMENT OF RARE AND FAMILIAR REPERTORY PRESENTED IN INNOVATIVE STAGINGS, BRINGING TOGETHER ACCLAIMED ARTISTIC TEAMS TO GENERATE NEW PRODUCTIONS DURING UNIQUELY-LENGTHY REHEARSAL PERIODS. THESE MAIN STAGE PERFORMANCES ARE AUGMENTED BY AN ARRAY OF ANCILLARY PROGRAMS TO CREATE A FESTIVAL ATMOSPHERE: CONCERTS BY DISTINGUISHED GUESTS ARTISTS; A SEASON-LONG SERIES OF INTIMATE MUSICAL SHOWCASES AND LECTURES; PRE-PERFORMANCE PREVIEWS; AND REPERTORY-RELATED EVENTS IN COMMUNITY VENUES. A CORNERSTONE OF THE GLIMMERGLASS FESTIVAL IS ITS RENOWNED PROFESSIONAL TRAINING PROGRAMS FOR 26 EMERGING SINGERS, DIRECTORS AND CONDUCTORS WITH EXTENSIVE SEMINARS AND HANDS ON TRAINING FOR ITS APPRENTICESHIP PROGRAM. YOUNG ARTISTS RECEIVE OPPORTUNITIES FOR ROLES ON THE MAIN STAGE, COACHING FROM RENOWNED GUEST ARTISTS, AUDITION PREPARATION, MASTERCLASSES AND CAREER MANAGEMENT. FOR 12 WEEKS THEY ARE IMMERSED IN AN ARTISTICALLY NURTURING ENVIRONMENT THROUGH REHEARSALS AND PERFORMANCES. THE APPRENTICESHIP PROGRAM TRAINS AND MENTORS CREATIVE PROFESSIONALS THROUGH HANDS-ON EXPERIENCE, STRUCTURED FEEDBACK, AND EDUCATIONAL OPPORTUNITIES, FOSTERING EQUITY, ACCESS, AND CAREER DEVELOPMENT IN THE ARTS. GLIMMERGLASS EACH SEASON SUPPORTS 45-60 APPRENTICESHIP ROLES INCLUDING SET CONSTRUCTION, TECHNICAL SUPPORT, DESIGN AND COSTUME PREPARATION. ALL APPRENTICES ATTEND SEMINARS DIRECTLY RELATED TO THEIR AREA OF INTEREST ALONG WITH HANDS ON TRAINING WITH THE PROFESSIONAL STAFF IN THEIR AREA.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $8,414,271 | $7,745,682 | +0.1% |
| Expenses | $10,110,561 | $10,812,701 | -0.1% |
| Net Income | $-1,696,290 | $-3,067,019 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SHERWIN M GOLDMAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS SIMPSON | TRUSTEE/SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| WENDY CURTIS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL YOUNG | PRESIDENT/CHAIR | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| PATRICIA CHADWICK | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| NELLIE GIPSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ERNA MORGAN MCREYNOLDS | SECRETARY/VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN RYLAND | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL SEKUS | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| JAMES L SEWARD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TED SNOWDON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KARA UNTERBERG | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK VILLAMAR | TREASURER | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARY-JO MERK | FOUNDING TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PETER DUCHIN | HONORARY CHAIRMAN | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS C RAGAN | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| ANNE M CURTIS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ALLISON HILL-EDGAR | TRUSTEE | 10.00 |
Director
|
$0 | $0 | $0 |
| DEBRA VALENTINE | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| GEORGE BUDENBENDER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TIM LORD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| EDWARD L TURNER | VICE CHAIRMAN | 2.00 |
Officer
|
$0 | $0 | $0 |
| ROBERT AINSLEY | ARTISTIC & GENERAL DIRECTO | 30.00 |
Officer
|
$232,670 | $8,825 | $241,495 |
| ANDREA LYONS | COO/EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$93,564 | $14,439 | $108,003 |
| KAREN FLANAGAN | DIRECTOR OF FINANCE | 40.00 |
Officer
|
$80,070 | $13,629 | $93,699 |
| CARYN REEVES | DIRECTOR OF INSTITUTIONAL | 40.00 |
Highest
|
$114,367 | $13,972 | $128,339 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $8,414,271 | $10,110,561 | $16,478,803 | $-1,696,290 |
| 2023 | $7,745,682 | $10,812,701 | $16,438,681 | $-3,067,019 |
| 2022 | $9,971,358 | $10,503,765 | $16,582,618 | $-532,407 |
| 2021 | $8,564,842 | $6,905,527 | $19,222,270 | $1,659,315 |
| 2020 | $5,976,370 | $5,569,584 | $15,882,838 | $406,786 |
| 2019 | $10,949,453 | $9,734,145 | $17,317,778 | $1,215,308 |
| 2018 | $9,571,429 | $9,349,451 | $15,729,104 | $221,978 |
Compare GLIMMERGLASS OPERA THEATRE INC with other nonprofits in New York and across the country.