LANCASTER NEW YORK OPERA HOUSE INC

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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

1981

Legal Domicile

Principal Officer

ANTHONY GARMONE

Phone

7166831776

Tax Period

2024-07-01 to 2025-06-30

LANCASTER NEW YORK OPERA HOUSE INC, founded in 1981, is a small nonprofit in the Arts, Culture & Humanities sector that reported $726K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $801K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROVIDE A VENUE FOR SHARED COMMUNITY INVOLVEMENT AND TO PRODUCE AND PRESENT QUALITY ENTERTAINMENT OPPORTUNITIES FOR ARTISTS AND PATRONS.

Program Service Accomplishments

Program 1

Expenses: $612,759 Revenue: $537,879

TO PROVIDE LIVE THEATER TO THE COMMUNITY THROUGH OPERA, DANCE, PLAYS, AND MUSICAL PERFORMANCES.

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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 $188,325

Program Service Revenue $537,879

Investment Income $0

Other Revenue $0

TOTAL REVENUE $726,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $309,123

Fundraising Expenses $18,795

Program Expenses $612,759

Other Expenses $491,793

TOTAL EXPENSES $800,916

Year-over-Year Comparison

	2024	2023	Change
Revenue	$726,204	$968,048	-0.2%
Expenses	$800,916	$717,352	+0.1%
Net Income	$-74,712	$250,696	-1.3%

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

106

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
JAMES ALLEIN	TRUSTEE	1.00	Director	$0	$0	$0
DEBBIE BLASK	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ANTHONY GARMONE	PRESIDENT	2.00	Officer Director	$0	$0	$0
KENNETH GRABER	TRUSTEE	1.00	Director	$0	$0	$0
MARYELLEN KAY	TRUSTEE	1.00	Director	$0	$0	$0
LINDA KOZIAL	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE MACKAY	TRUSTEE	1.00	Director	$0	$0	$0
NANCY MARIANI	TRUSTEE	1.00	Director	$0	$0	$0
KIM MARINO	TRUSTEE	1.00	Director	$0	$0	$0
MARCIA MYSZKA	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN TROJANOWSKY	TREASURER	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
2025	$726,204	$800,916	$423,249	$-74,712
2024	$968,048	$717,352	$727,716	$250,696
2023	$550,899	$647,108	$161,743	$-96,209
2022	$627,622	$426,265	$273,263	$201,357
2021	$141,865	$196,172	$132,073	$-54,307
2020	$520,886	$459,448	$246,742	$61,438
2019	$672,013	$725,493	$138,245	$-53,480
2018	$680,353	$676,912	$153,168	$3,441