SCHENECTADY LIGHT OPERA COMPANY INC (EIN 237224835) - 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

1979

Legal Domicile

Principal Officer

JOHN MEGLINO

Phone

8773507378

Tax Period

2023-06-01 to 2024-05-31

SCHENECTADY LIGHT OPERA COMPANY INC, founded in 1979, is a small nonprofit in the Arts, Culture & Humanities sector that reported $359K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $334K left a modest 7% surplus.

Mission

THE SCHENECTADY LIGHT OPERA COMPANY, INC.'S (SLOC) PURPOSE IS TO DEVELOP AN APPRECIATION OF THE MUSICAL ARTS IN THE LOCAL COMMUNITY BY PROMOTING AND PRODUCING MUSICAL PRODUCTIONS.

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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 $100,393

Program Service Revenue $208,969

Investment Income $2,921

Other Revenue $47,083

TOTAL REVENUE $359,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $313,552

Other Expenses $334,487

TOTAL EXPENSES $334,487

Year-over-Year Comparison

	2023	2022	Change
Revenue	$359,366	$315,999	+0.1%
Expenses	$334,487	$332,704	+0.0%
Net Income	$24,879	$-16,705	-2.5%

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

250

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
THOMAS COON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN MEGLINO	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARK VISCUSI	TREASURER	1.00	Officer Director	$0	$0	$0
ADRIENNE SHERMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
ROSE BIGGERSTAFF	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY CLARK	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER LIZ COPPS	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW DEMBLING	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY P HOCKING	BOARD MEMBER	1.00	Director	$0	$0	$0
THEARSE MCCALMON	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBORAH PANICCIA	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY ROSE	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH SHERWOOD-MACK	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAELA TORRES	BOARD MEMBER	1.00	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
2024	$359,366	$334,487	$1,424,431	$24,879
2023	$315,999	$332,704	$1,388,319	$-16,705
2022	$223,254	$250,713	$1,455,811	$-27,459
2021	$235,578	$188,249	$1,485,017	$47,329
2020	$249,765	$288,559	$1,485,532	$-38,794
2019	$472,589	$310,276	$1,508,321	$162,313
2019	$449,831	$327,208	$1,470,299	$122,623
2018	$291,865	$301,956	$1,361,267	$-10,091

SCHENECTADY LIGHT OPERA COMPANY INC