OPERA NORTH (EIN 222519789) - 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

1981

Legal Domicile

Principal Officer

BARBARA BUTLER

Phone

6034484141

Tax Period

2022-10-01 to 2023-09-30

OPERA NORTH, founded in 1981, is a small nonprofit in the Arts, Culture & Humanities sector that reported $660K in total revenue in fiscal year 2022. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $849K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO ENGAGE ARTISTS, AUDIENCES, AND THE COMMUNITY IN THE EXPERIENCE OF OPERA AND CLASSIC MUSICAL THEATRE IN AN INTIMATE SETTING.

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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 $444,037

Program Service Revenue $201,579

Investment Income $3,618

Other Revenue $10,365

TOTAL REVENUE $659,599

Expense Breakdown

Grants Paid $0

Salaries & Benefits $313,994

Fundraising Expenses $88,809

Program Expenses $644,252

Other Expenses $534,732

TOTAL EXPENSES $848,726

Year-over-Year Comparison

	2022	2021	Change
Revenue	$659,599	$982,913	-0.3%
Expenses	$848,726	$783,661	+0.1%
Net Income	$-189,127	$199,252	-1.9%

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

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

$50,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA BUTLER	PRESIDENT	15.00	Officer Director	$0	$0	$0
AMBER MCGONIS	TREASURER	6.00	Officer Director	$0	$0	$0
NANCY SEVCENKO	SECRETARY	1.00	Officer Director	$0	$0	$0
GARY BROOKS	TRUSTEE	1.00	Director	$0	$0	$0
LAURAN CORSON	TRUSTEE	N/A	Director	$0	$0	$0
LEANE GARLAND	TRUSTEE	N/A	Director	$0	$0	$0
SYLVIA PAXTON	TRUSTEE	1.00	Director	$0	$0	$0
SALLY RUTTER	TRUSTEE	1.00	Director	$0	$0	$0
ANDREA SODANO	TRUSTEEE	1.00	Director	$0	$0	$0
TIMOTHY WAGG	TRUSTEE UNTI	1.00	Director	$0	$0	$0
S EVANS HAILE	GENERAL DIRE	40.00	Officer	$50,000	$0	$50,000

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	$659,599	$848,726	$385,835	$-189,127
2022	$982,913	$783,661	$546,133	$199,252
2021	$849,663	$623,146	$286,858	$226,517
2020	$538,837	$423,454	$107,810	$115,383
2019	$861,842	$838,526	$80,931	$23,316
2018	$982,689	$968,885	$60,160	$13,804

OPERA NORTH