WATERVILLE OPERA HOUSE IMPROVEMENT… - 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

1975

Legal Domicile

Principal Officer

CHUCK CALKINS

Phone

2078737000

Tax Period

2017-09-01 to 2018-08-31

WATERVILLE OPERA HOUSE IMPROVEMENT ASSOCIATION, founded in 1975, is a small nonprofit that reported $786K in total revenue in fiscal year 2017. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $962K exceeded revenue, resulting in a 22% operating deficit.

Mission

PRESENTATION AND PRODUCTION OF THE ARTS IN WATERVILLE, MAINE

Program Service Accomplishments

Program 1

Expenses: $701,400 Revenue: $526,187

PRESENTATION AND PRODUCTION OF COMMUNITY THEATER, ARTS-IN-EDUCATION AND RENTALS TO OTHER PERFORMERS

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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 (2017)

Revenue Breakdown

Contributions & Grants $240,508

Program Service Revenue $526,187

Investment Income $177

Other Revenue $19,241

TOTAL REVENUE $786,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $262,361

Fundraising Expenses $74,087

Program Expenses $701,400

Other Expenses $699,382

TOTAL EXPENSES $961,743

Year-over-Year Comparison

	2017	2016	Change
Revenue	$786,113	$1,014,066	-0.2%
Expenses	$961,743	$905,934	+0.1%
Net Income	$-175,630	$108,132	-2.6%

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

$51,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES LALIBERTY	CHAIR	1.00	Officer Director	$0	$0	$0
CHUCK CALKINS	TREASURER	1.00	Officer Director	$0	$0	$0
DONALD CRAGEN	SECRETARY	1.00	Officer Director	$0	$0	$0
DAN BOOTH	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE COLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
GARY POULIN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SHARPE	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA SUSI	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH VIENS	DIRECTOR	1.00	Director	$0	$0	$0
JULIE B SETTLEMIRE	DIRECTOR	1.00	Director	$0	$0	$0
TAMSEN BROOKE WARNER	EXECUTIVE DI	40.00	Officer	$51,500	$0	$51,500

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
2018	$786,113	$961,743	$3,938,566	$-175,630
2018	$187,678	$169,283	No data	$18,395

WATERVILLE OPERA HOUSE IMPROVEMENT ASSOCIATION