Hawaii Opera Theatre

Nonprofit profile at a glance

EIN
990197758
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Honolulu, HI, USA
Phone
8085967372
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Official website

Reported finances

Revenue
$4,811,467
Expenses
$3,327,614
Assets
$10,589,170
Liabilities
$3,570,227

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

35 people listed

Executive titles in this filing

  • STEVEN PRIETO (PRESIDENT)
  • LINDA C NELSON (VICE PRESIDENT/TREASURER)
  • CURTIS M THOMPSON MD (VICE PRESIDENT)
  • JAMES H MCCOY (PRESIDENT EMERITUS)
  • ANDREW MORGAN (GENERAL DIRECTOR & CEO)

Highest reported compensation

  • ANDREW MORGAN (GENERAL DIRECTOR & CEO): $193,309 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Hawai'i opera theatre (hot) believes that different perspectives, cultural histories, life experiences and personal stories enrich the operatic repertoire and have the potential to make meaningful local and worldwide impacts. As a regional company, hot is committed to supporting and engaging creators and music lovers who reflect the diversity of hawai'i.

What it reported doing in 2024

Education programs hot's education department reached over 15,000 students, teachers, and parents across the state of Hawaii. Programming included hot's opera express touring show, a family-friendly adaptation of mozarts "the magic flute" visiting schools, libraries and other venues on oahu, Hawaii island, and kauai. Hot's residency program went to five schools, four of which are classified as title 1, to create original operas written by students; all residencies culminated in performances for the entire school body and a performance for families and the community.opera for everyone, a program that invited students and teachers to the final dress rehearsal of each mainstage production, complete with orchestra, sets, and costumes, served over 1,200 students. In a collaboration with Hawaii youth opera chorus (hyoc), hot's education team assisted in the production of an original opera for performance by children titled "scales," based on the hawaiian story of dragons on maui. This production was the culmination of operatunities, a summer program created by hyoc with hot to teach opera skills to a new generation of performers. Hot's orvis opera studio and orvis young voices studio programs provided free, year-round workshops and master classes with local and visiting artists to adult and high-school-level singers wanting to expand their skills in presentation, diction, stage combat, and vocal technique. Both programs provide access to mainstage experiences in the hot chorus as well as minor solo opportunities, in addition to recitals and other performing opportunities throughout the year.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
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.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 89
  • Accountability: 100
  • Sustainability: 71
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 55.8%; rating input score 56
  • Program expense ratio: 73.2%; rating input score 73
  • Fundraising efficiency: $6.59 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • 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: 8 of 8 controls in place; rating input score 100
    • 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: Pass

Sustainability

  • Operating margin: 30.8%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 3.18; rating input score 75; 75th percentile among comparable filings
  • Liabilities to assets ratio: 0.34; rating input score 31; 31st percentile among comparable filings
  • Officer compensation ratio: 5.8%; rating input score 48; 48th percentile among comparable filings

Growth

  • Program expense growth: -5.2% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -1.9% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: -0.3% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 55.8% of revenue deployed · 73.2% of spending went to programs
  • Governance: 28 of 28 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $2.4M in reported program spending
  • Leadership: top reported pay $193K · 35 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $111K reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 56/100.
  • High — Financial Efficiency: Fundraising efficiency scored 24/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
  • Moderate — Sustainability: Officer compensation ratio scored 48/100.