Lebanon Opera House Improvement Corp

Overview

Mission

As a cultural center for the upper valley region, lebanon opera house: 1) presents live performances that inspire, educate and entertain; 2) broadens cultural horizons by spotlighting a diversity of local, national, and international artists; 3) encourages community participation in the arts; and 4) stewards a special gathering place for community and school use that will engender future arts patrons and participants.

What it reported doing in 2024

Since 1924, lebanon opera house (loh) has served as a unifying catalyst for connections between artists and audiences, making it possible for people of all ages to experience the transformative power of the performing arts.loh is widely recognized and admired as a leading model of an inclusive, community-centered hub presenting the work of national touring artists, local and regional performers, and student-artists. Loh is the art and soul of the upper valley.we are the home stage for 12 community arts partners, many of whom attract the brightest local performers to the opera house for large-scale productions.in addition, we are the lebanon school district's "big stage for little kids" when hosting their music and theater productions. As the upper valley's community arts hub, we play an integral role in arts education and the pursuit of creativity.the loh presents main stage series (along with our off-site loh on location events, including the free three-day nexus music and arts festival) brings nationally known touring artists to the region. Increasingly, the artists we present serve as an on-stage reflection of our community's growing diversity and cultural interests.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
020448277
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Headquarters
Lebanon, NH, USA
Phone
6034480400
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Theater

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 86
  • Accountability: 95
  • Sustainability: 67
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.6%; rating input score 67
  • Program expense ratio: 73.8%; rating input score 74
  • Fundraising efficiency: $3.28 raised per $1 spent on fundraising; rating input score 9; 9th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 10.7%; rating input score 64; 64th percentile among comparable filings
  • Total-asset coverage ratio: 3.58; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 65; 65th percentile among comparable filings
  • Officer compensation ratio: 5.3%; rating input score 51; 51st percentile among comparable filings

Growth

  • Program expense growth: 2.5% per year; rating input score 100; 25th percentile among comparable filings
  • Revenue growth: 10.3% per year; rating input score 100; 69th percentile among comparable filings
  • Asset growth: 23.2% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 66.6% of revenue deployed · 73.8% of spending went to programs
  • Governance: 17 of 17 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.6M in reported program spending
  • Leadership: top reported pay $113K · 18 people listed
  • Highest-paid contractors: 2 contractors listed · $718K reported
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 16 annual filings from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

18 people listed

Highest reported compensation

  • JOSEPH P CLIFFORD (EXECUTIVE DIRECTOR): $113,021 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.