NEWPORT OPERA HOUSE ASSOCIATION

EIN: 510201934 501(c)(3) Arts, Culture & Humanities

NEWPORT, NH

Total Revenue
$340,825
Total Expenses
$141,325
Total Assets
$309,820
Net Assets
$309,820
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
NH
Principal Officer
CHRISTOPHER GARDNER
Phone
6038632412
Tax Period
2023-07-01 to 2024-06-30

NEWPORT OPERA HOUSE ASSOCIATION, founded in 1974, is a small nonprofit in the Arts, Culture & Humanities sector that reported $341K in total revenue in fiscal year 2023. Revenue surged 181% from the prior year, signaling strong growth momentum. The organization ran a surplus of $200K, a strong 59% operating margin.

Mission

PROVIDE AFFORDABLE QUALITY ENTERTAINMENT, DIVERSE CULTURAL EVENTS, AND A SUSTAINABLE CREATIVE OUTLET FOR THE WHOLE COMMUNITY WITHIN THE HISTORIC NEWPORT OPERA HOUSE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $203,819
Program Service Revenue $121,606
Investment Income $56
Other Revenue $15,344
TOTAL REVENUE $340,825

Expense Breakdown

Grants Paid $1,050
Salaries & Benefits $58,203
Fundraising Expenses $17,793
Program Expenses $90,929
Other Expenses $82,072
TOTAL EXPENSES $141,325

Year-over-Year Comparison

2023 2022 Change
Revenue $340,825 $121,373 +1.8%
Expenses $141,325 $152,043 -0.1%
Net Income $199,500 $-30,670 -7.5%
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

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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
10
Independent Members
10
Employees
1
Volunteers
13

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
7
$54,700
Total Directors
13
$1,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTIE HOWE PRESIDENT THRU 3/1/24 5.00
Officer Director
$0 $0 $0
CHRISTOPHER GARDNER TREASURER THRU 3/13/24, CO-PRESIDENT AS OF 4/10/24 5.00
Officer Director
$1,200 $0 $1,200
DON BOXWELL DIRECTOR THRU 4/10/24, CO-PRESIDENT 5.00
Officer Director
$0 $0 $0
SCOTT SWEATT SECRETARY THRU 2/14/24 5.00
Officer Director
$0 $0 $0
ISABELLA OSGOOD SECRETARY AS OF 3/13/24 5.00
Officer Director
$0 $0 $0
JEANNINE EVERITT OFFICER AS OF 2/14/24, TREASURER AS OF 3/13/24 5.00
Officer Director
$0 $0 $0
LINDSY HUOT DIRECTOR 5.00
Director
$0 $0 $0
PATRICIA KOBER DIRECTOR THRU 3/1/24 5.00
Director
$0 $0 $0
MEGAN MAVOR OFFICER AS OF 6/12/24 5.00
Director
$0 $0 $0
CODY MORRISON DIRECTOR 5.00
Director
$0 $0 $0
KEEGAN OSGOOD OFFICER AS OF 11/8/23 5.00
Director
$0 $0 $0
BRAD PALMER OFFICER AS OF 2/14/24 5.00
Director
$0 $0 $0
ELLEN WASSELL OFFICER AS OF 7/19/23 5.00
Director
$0 $0 $0
LAURA KESSLER EXECUTIVE DIRECTOR 40.00
Officer
$53,500 $0 $53,500
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
2025 No data No data No data No data
2024 $340,825 $141,325 $309,820 $199,500
2023 $121,373 $152,043 $110,320 $-30,670
2022 $194,133 $171,477 $140,990 $22,656
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