BERKSHIRE OPERA FESTIVAL INC (EIN 471596750) - 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

2014

Legal Domicile

Principal Officer

JOHN O'BRIEN

Phone

4132136622

Tax Period

2023-10-01 to 2024-09-30

BERKSHIRE OPERA FESTIVAL INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $853K in total revenue in fiscal year 2023. Expenses of $746K left a modest 13% surplus.

Mission

ENTERTAIN AND ENRICH THE LIVES OF PEOPLE OF ALL AGES AND BACKGROUNDS THROUGHOUT THE BERKSHIRE REGION BY PROVIDING ACCESSIBLE AND AFFORDABLE PERFORMANCES OF A BROAD RANGE OF OPERAS WITH THE HIGHEST ARTISTIC STANDARDS.

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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 $734,436

Program Service Revenue $118,799

Investment Income $105

Other Revenue $0

TOTAL REVENUE $853,340

Expense Breakdown

Grants Paid $0

Salaries & Benefits $272,962

Fundraising Expenses $42,309

Program Expenses $615,444

Other Expenses $472,695

TOTAL EXPENSES $745,657

Year-over-Year Comparison

	2023	2022	Change
Revenue	$853,340	$822,556	+0.0%
Expenses	$745,657	$849,188	-0.1%
Net Income	$107,683	$-26,632	-5.0%

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

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

$99,846

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN GARMAN	ARTISTIC DIRECTOR & CO-FOUNDER	40.00	Director	$80,363	$0	$80,363
JONATHON LOY	DIRECTOR OF PRODUCTION & CO-FOUNDER	10.00	Director	$19,483	$0	$19,483
PETER GRABER-LIPPERMAN	CHAIRMAN OF THE BOARD	2.00	Officer Director	$0	$0	$0
JOHN O'BRIEN	TREASURER	2.00	Officer Director	$0	$0	$0
THERESA CEREZOLA	SECRETARY	2.00	Officer Director	$0	$0	$0
ILENE BLIWISE	DIRECTOR	2.00	Director	$0	$0	$0
NOREEN DOYLE	DIRECTOR	2.00	Director	$0	$0	$0
VIRA SLYWOTZKY	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS FYNAN MD	DIRECTOR	2.00	Director	$0	$0	$0
KENNETH KRAMER	DIRECTOR	2.00	Director	$0	$0	$0
YONG KWOK	DIRECTOR	2.00	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	$853,340	$745,657	$240,063	$107,683
2023	$822,556	$849,188	$159,177	$-26,632
2022	$840,114	$874,377	$169,179	$-34,263
2021	$835,941	$752,136	$193,333	$83,805
2020	$473,915	$458,766	$143,715	$15,149
2019	$614,915	$629,879	$77,113	$-14,964
2018	$597,253	$539,826	$80,226	$57,427

BERKSHIRE OPERA FESTIVAL INC