CROSWELL OPERA HOUSE & FINE ARTS A… - Form 990 Financial Data

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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

1967

Legal Domicile

Principal Officer

MATT HAMMOND

Phone

5172636868

Tax Period

2023-01-01 to 2023-12-31

CROSWELL OPERA HOUSE & FINE ARTS ASSOCIATION, founded in 1967, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.3M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROMOTE AND PERPETUATE THE ARTS AND TO PRESERVE THE HERITAGE OF ITS HISTORIC BUILDING.

Program Service Accomplishments

Program 1

Expenses: $1,455,950 Revenue: $1,237,401

TO PROMOTE AND PERPETUATE THE ARTS AND TO PRESERVE THE HERITAGE OF ITS HISTORIC BUILDING

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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 $618,058

Program Service Revenue $1,260,323

Investment Income $45,731

Other Revenue $139,265

TOTAL REVENUE $2,063,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $832,075

Fundraising Expenses $164,018

Program Expenses $1,455,950

Other Expenses $1,495,581

TOTAL EXPENSES $2,327,656

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,063,377	$1,849,985	+0.1%
Expenses	$2,327,656	$2,053,608	+0.1%
Net Income	$-264,279	$-203,623	+0.3%

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

Volunteers

475

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

$119,008

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERE RIGHTER	ARTISTIC DIR	40.00	Officer	$103,833	$15,175	$119,008
MATT HAMMOND	PRESIDENT	0.50	Officer Director	$0	$0	$0
CHRISTOPHER PHILLIPS	TREASURER	0.50	Officer Director	$0	$0	$0
BJ BERNARD	SECRETARY	0.50	Officer Director	$0	$0	$0
BELINDA ELLSWORTH	DIRECTOR	0.50	Director	$0	$0	$0
STEPHEN KIERSEY	DIRECTOR	0.50	Director	$0	$0	$0
JOHN BACARELLA	DIRECTOR	0.50	Director	$0	$0	$0
D WARD ENSIGN	DIRECTOR	0.50	Director	$0	$0	$0
RYAN WAGGONER	DIRECTOR	0.50	Director	$0	$0	$0
BRITTANIE KUHR	DIRECTOR	0.50	Director	$0	$0	$0
CLARKE BALDWIN	DIRECTOR	0.50	Director	$0	$0	$0
APRIL GUTIERREZ	DIRECTOR	0.50	Director	$0	$0	$0
MAYRA FAVELA	DIRECTOR	0.50	Director	$0	$0	$0
BYRON TAULTON	DIRECTOR	0.50	Director	$0	$0	$0
TOBIN OST	DIRECTOR	0.50	Director	$0	$0	$0
PATRICIA SCHMIDT	DIRECTOR	0.50	Director	$0	$0	$0
PHIL SKELDON	DIRECTOR	0.50	Director	$0	$0	$0
ANNA EBELING	DIRECTOR	N/A	Director	$0	$0	$0
JUDE WALSER	DIRECTOR	0.50	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	No data	No data	No data	No data
2023	$2,063,377	$2,327,656	$8,304,975	$-264,279
2022	$1,849,985	$2,053,608	$8,387,861	$-203,623
2021	$2,292,606	$1,507,097	$8,777,015	$785,509
2020	$1,251,703	$1,164,111	$8,732,853	$87,592
2019	$1,608,423	$1,892,465	$8,713,835	$-284,042
2018	$1,717,978	$1,814,526	$9,139,676	$-96,548

CROSWELL OPERA HOUSE & FINE ARTS ASSOCIATION