HARBOR SPRINGS LYRIC THEATRE

EIN: 465537766 501(c)(3) Arts, Culture & Humanities

HARBOR SPRINGS, MI

Total Revenue
$1,315,753
Total Expenses
$1,046,357
Total Assets
$5,044,415
Net Assets
$4,967,660
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MI
Principal Officer
JOHN MCCOY
Phone
2315266671
Tax Period
2025-01-01 to 2025-12-31

HARBOR SPRINGS LYRIC THEATRE, founded in 2014, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2025. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $269K, a strong 20% operating margin.

Mission

THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR THE CHARITABLE EDUCATIONAL PURPOSES, INCLUDING OPERATING A COMMUNITY SUPPORTED AND MISSION DRIVEN THEATRE IN HARBOR SPRINGS, MICHIGAN TO PROVIDE A YEAR-ROUND VENUE FOR FILM, DRAMA, MUSICAL ARTS AND LITERATURE THAT WILL EDUCATE THE PUBLIC IN THE CINEMATIC, PERFORMING AND LITERARY ART AND WILL ENHANCE THE CULTURAL AND INTELLECTUAL LIFE OF THE COMMUNITY. THE CORPORATION SHALL NOT DIRECTLY OR INDRECTLY DISCRIMINATE AGAINST ANY PERSON BY REASON OF AGE, SEX, RACE RELIGION OR NATIONAL ORIGIN.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $665,649
Program Service Revenue $629,175
Investment Income $29,684
Other Revenue $-8,755
TOTAL REVENUE $1,315,753

Expense Breakdown

Grants Paid $0
Salaries & Benefits $317,228
Fundraising Expenses $55,315
Program Expenses $822,706
Other Expenses $729,129
TOTAL EXPENSES $1,046,357

Year-over-Year Comparison

2025 2024 Change
Revenue $1,315,753 $1,045,701 +0.3%
Expenses $1,046,357 $1,073,085 0.0%
Net Income $269,396 $-27,384 -10.8%
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

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Governance

Voting Members
9
Independent Members
9
Employees
4
Volunteers
40

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
2
$0
Total Directors
10
$112,311
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN MCCOY PRESIDENT/TREASURER 0.00
Officer Director
$0 $0 $0
JEFF JAMES VICE PRESIDENT/SECRETARY 0.00
Officer Director
$0 $0 $0
GREER TAYLOR DIRECTOR 0.00
Director
$0 $0 $0
THOM BLANCK DIRECTOR 0.00
Director
$0 $0 $0
CHIP EVEREST DIRECTOR 0.00
Director
$0 $0 $0
GREG RENKER DIRECTOR 0.00
Director
$0 $0 $0
CHARLES WILSON DIRECTOR 0.00
Director
$0 $0 $0
BILL CATTIN DIRECTOR 0.00
Director
$0 $0 $0
NANCY PORTER DIRECTOR 0.00
Director
$0 $0 $0
SCOTT LANGTON EXECUTIVE DIRECTOR 40.00
Director
$112,311 $0 $112,311
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 $1,315,753 $1,046,357 $5,044,415 $269,396
2024 No data No data No data No data
2023 $987,852 $994,253 $4,773,150 $-6,401
2022 $791,700 $900,015 $4,806,259 $-108,315
2021 $967,708 $724,059 $4,914,805 $243,649
2020 $585,609 $612,499 $4,420,530 $-26,890
2019 $827,570 $943,940 $4,503,124 $-116,370
2018 $881,832 $918,706 $4,568,204 $-36,874
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