NEWPORT OPERA HOUSE ASSOCIATION

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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

1974

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $90,929 Revenue: $136,950

PROVIDE PERFORMING ARTS TO THE COMMUNITY WHILE PRESERVING THE TRADITION OF LIVE THEATER AND SUPPORTING THE PROVIDERS OF THE ARTS.

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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 $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

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

$54,700

Total Directors

$1,200

Key Employees

Highest Compensated

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