Penn Square Opera
Nonprofit profile at a glance
- EIN
- 813607634
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024, Form 990-N 2020
- Location
- Lancaster, PA, USA
- Phone
- 7173142591
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Music
Reported finances
- Revenue
- $124,331
- Expenses
- $108,662
- Assets
- $22,239
- Liabilities
- $129,800
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- SCOTT DRACKLEY (ARTISTIC DIR)
- PHYLLIS DRACKLEY (SECRETARY)
- CAROLYN DARRENKAMP (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide professional performance and training opportunity for talented artists at the beginning of their career in a nurturing and supportive atmosphere. To bring professional performances of opera and musical theatre to lancaster audiences and the region.
What it reported doing in 2024
To provide opera and musical theatre performances and events to the lancaster community and the region. Also, to provide musical instruction in person or by virtual sessions to people of all ages. During 2024, the organization provided 3 musical productions with 5 performances to 1,500 attendees. The organization also provided 6,350 music lessons to 82 students and presented 3 student recitals.
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.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Total assets are small relative to annual expenses; liquid coverage is unknown and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 100
- Sustainability: 38
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66.4%; rating input score 66
- Program expense ratio: 76.3%; rating input score 76
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 12.6%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 0.2; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 5.84; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 14.3%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 37.9% per year; rating input score 100; 88th percentile among comparable filings
- Revenue growth: 8.8% per year; rating input score 100; 63rd percentile among comparable filings
- Asset growth: -63.6% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 66.4% of revenue deployed · 76.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $83K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 19/100.