NEWBERRY OPERA HOUSE FOUNDATION INC (EIN 570964360) - 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

1992

Legal Domicile

Principal Officer

SUSAN HAZEL WESSINGER

Phone

8032766264

Tax Period

2023-07-01 to 2024-06-30

NEWBERRY OPERA HOUSE FOUNDATION INC, founded in 1992, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $646K, a strong 20% operating margin.

Mission

THE NEWBERRY OPERA HOUSE STRIVES TO ENHANCE THE CULTURAL AND ECONOMIC DEVELOPMENT OF NEWBERRY AND THE MIDLANDS THROUGH THE WINDOW 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 $1,889,084

Program Service Revenue $1,250,021

Investment Income $75,276

Other Revenue $61,806

TOTAL REVENUE $3,276,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $675,228

Fundraising Expenses $141,954

Program Expenses $1,831,090

Other Expenses $1,954,903

TOTAL EXPENSES $2,630,131

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,276,187	$2,286,331	+0.4%
Expenses	$2,630,131	$2,519,694	+0.0%
Net Income	$646,056	$-233,363	-3.8%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

150

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

$110,107

Total Directors

$32,814

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE PINCKNEY SMITH	EXECUTIVE DI	45.00	Officer	$109,837	$270	$110,107
SUSAN HAZEL WESSINGER	CHAIR	4.00	Officer Director	$0	$0	$0
KEITH AVERY	VICE CHAIR	4.00	Officer Director	$0	$0	$0
STEVE WILSON	TREASURER	4.00	Officer Director	$0	$0	$0
TOM POPE	SECRETARY	4.00	Officer Director	$0	$0	$0
CANDACE FRICK	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT MATHESON	DIRECTOR	2.00	Director	$0	$0	$0
JOE MCDONALD	DIRECTOR	2.00	Director	$0	$0	$0
RICH MITCHELL	DIRECTOR	2.00	Director	$0	$0	$0
ALVIN PRESSLEY	DIRECTOR	2.00	Director	$0	$0	$0
LIZ RIVERA	DIRECTOR	2.00	Director	$0	$0	$0
MAURICE WILLIAM SCHERRENS	DIRECTOR	2.00	Director	$0	$0	$0
FOSTER SENN	DIRECTOR	2.00	Director	$0	$19,570	$32,814
JACK SHIELDS	DIRECTOR	2.00	Director	$0	$0	$0
JOHN TWIGG	DIRECTOR	2.00	Director	$0	$0	$0
PEGGY WINDER	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
2025	No data	No data	No data	No data
2024	$3,276,187	$2,630,131	$6,408,786	$646,056
2023	$2,286,331	$2,519,694	$5,729,693	$-233,363
2022	$3,673,500	$2,020,800	$5,917,873	$1,652,700
2021	$1,320,069	$1,365,435	$3,110,180	$-45,366
2020	$1,795,800	$1,996,282	$2,882,724	$-200,482
2019	$1,988,565	$2,084,283	$2,774,603	$-95,718

NEWBERRY OPERA HOUSE FOUNDATION INC