CHARLESTON OPERA THEATER INC

EIN: 843020830 501(c)(3) Arts, Culture & Humanities

CHARLESTON, SC

Total Revenue
$424,145
Total Expenses
$412,031
Total Assets
$19,781
Net Assets
$-1,353
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
SC
Principal Officer
SANDY DEATHOS-MEERS
Phone
8436051999
Tax Period
2024-07-01 to 2025-06-30

CHARLESTON OPERA THEATER INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $424K in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum.

Mission

CHARLESTON OPERA THEATER, INC.'S PURPOSES OF THE CORPORATION ARE:CHARLESTON OPERA THEATER IS COMMITTED TO A PROMINENT, YEAR-ROUND, PROFESSIONAL OPERA PRESENCE IN OUR CITY AND THE SURROUNDING LOWCOUNTRY. WE PLACE HIGH VALUE ON THE ADVANCEMENT OF ACOUSTIC VOCAL TRADITIONS, THROUGH QUALITY PERFORMANCES, EDUCATION, MENTORSHIP, TRAINING AND THE EXPOSURE OF THE ART FORM TO NEW AUDIENCES, THROUGH COMMUNITY OUTREACH, PERFORMANCES AND EVENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $238,996
Program Service Revenue $185,016
Investment Income $0
Other Revenue $133
TOTAL REVENUE $424,145

Expense Breakdown

Grants Paid $0
Salaries & Benefits $295,378
Fundraising Expenses $188
Program Expenses $384,184
Other Expenses $116,653
TOTAL EXPENSES $412,031

Year-over-Year Comparison

2024 2023 Change
Revenue $424,145 $246,443 +0.7%
Expenses $412,031 $255,238 +0.6%
Net Income $12,114 $-8,795 -2.4%
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
9
Independent Members
9
Employees
4
Volunteers
20

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
6
$22,983
Total Directors
12
$22,983
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES TEEPLE BOARD MEMBER 1.00
Director
$0 $0 $0
RONGRONG CHEN BOARD MEMBER 1.00
Director
$0 $0 $0
EUGENE MASSAMILLO BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES MARTIN BOARD MEMBER 1.00
Director
$0 $0 $0
REBECCA E POYNTON-MURRAY BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE WHACK BOARD MEMBER 1.00
Director
$0 $0 $0
SANDY DEATHOS ADMINISTRATIVE DIRECTOR 10.00
Officer Director
$5,233 $0 $5,233
EDWARD BRENNAN DIRECTOR OF DEVELOPMENT AN 40.00
Officer Director
$8,800 $0 $8,800
HAROLD MEERS EXECUTIVE ARTISTIC DIRECTO 40.00
Officer Director
$8,950 $0 $8,950
SUSAN SULLIVAN PRESIDENT 15.00
Officer Director
$0 $0 $0
ROB ROBERTSON VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
THOMAS RUPPEL SECRETARY/TREASURER 5.00
Officer 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 $424,145 $412,031 $19,781 $12,114
2024 $246,443 $255,238 $5,007 $-8,795
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