Norway Maine Opera House Corp

Norway Maine Opera House Corp shows consistent asset growth and zero officer compensation amidst fluctuating revenues.

EIN: 10528379 · Norway, ME · NTEE: A600 · Updated: 2026-03-28

$70KRevenue

$700KAssets

85/100Mission Score (Excellent)

A600

About Norway Maine Opera House Corp

Norway Maine Opera House Corp (EIN: 10528379) is a nonprofit organization based in Norway, ME, classified under NTEE code A600. The organization reported total revenue of $70K and total assets of $700K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Norway Maine Opera House Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Norway Maine Opera House Corp demonstrates a generally stable financial position with fluctuating but often positive net income over the past decade. In 2023, the organization reported revenue of $134,974 against expenses of $91,813, indicating a healthy surplus. Assets have shown consistent growth, reaching $695,777 in 2023 from $361,918 in 2014, suggesting effective asset management or successful capital campaigns. The organization consistently reports zero officer compensation, which is a strong indicator of volunteer-driven leadership and efficient use of funds, contributing positively to its transparency and public trust.

Spending efficiency appears strong, particularly given the zero officer compensation. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall expense ratios relative to revenue are favorable in most years. For instance, in 2023, expenses were approximately 68% of revenue. The consistent liability of $70,000 across all reported years suggests a long-term debt or obligation that the organization has managed to maintain without significant increase, which is a positive sign of financial stability. The significant revenue fluctuations, from $0 in 2014 to $159,389 in 2015, suggest reliance on grants, donations, or specific events, which can introduce some financial unpredictability.

Overall, the organization exhibits good financial health with growing assets and a commitment to minimizing overhead through volunteer leadership. Its transparency is bolstered by the clear reporting of zero officer compensation. The primary area for potential improvement in transparency reporting would be a more detailed breakdown of expenses into program, administrative, and fundraising categories to allow for a more precise assessment of spending efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Norway Maine Opera House Corp with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 80%
fundraising: 10%

According to IRS 990 filings, Norway Maine Opera House Corp allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure and a strong commitment to directing funds towards its mission rather than executive salaries.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Norway Maine Opera House Corp's IRS 990 filings:

Significant year-to-year revenue fluctuations, indicating potential reliance on unpredictable funding sources.

Strengths

The following positive indicators were identified for Norway Maine Opera House Corp:

Consistent asset growth, from $361,918 in 2014 to $695,777 in 2023.
Zero officer compensation reported across all filings, indicating volunteer leadership and efficient use of funds.
Generally positive net income in most years, demonstrating financial sustainability.
Stable management of a consistent $70,000 liability over a decade.

Frequently Asked Questions about Norway Maine Opera House Corp

Is Norway Maine Opera House Corp a good charity?

Based on the provided financial data, Norway Maine Opera House Corp appears to be a good charity. It demonstrates strong financial management with growing assets, often positive net income, and a notable commitment to volunteer leadership with zero officer compensation, ensuring more funds go directly to its mission.

How has the organization's financial health changed over time?

The organization's financial health has generally improved, with assets growing from $361,918 in 2014 to $695,777 in 2023. While revenue has fluctuated significantly year-to-year (e.g., $0 in 2014 to $159,389 in 2015), expenses have generally been well-managed relative to income, leading to a stable and growing asset base.

What is the significance of the $70,000 liability?

The consistent $70,000 liability across all reported years suggests a long-term, stable obligation, such as a mortgage or a specific loan. The organization has consistently managed this liability without it increasing, indicating financial stability and responsible debt management.

Filing History

IRS 990 filing history for Norway Maine Opera House Corp showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Norway Maine Opera House Corp's revenue has declined by 2.8%, moving from $139K to $135K. Total assets increased by 286.5% over the same period, from $180K to $696K. Total functional expenses rose by 129%, from $40K to $92K. In its most recent filing year (2023), Norway Maine Opera House Corp reported a surplus of $43K, with revenue exceeding expenses. The organization holds $70K in liabilities against $696K in assets (debt-to-asset ratio: 10.1%), resulting in net assets of $626K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$135K	$92K	$696K	$70K	—	View 990
2022	$108K	$98K	$612K	$70K	—	View 990
2021	$28K	$22K	$605K	$70K	—	View 990
2020	$11K	$10K	$590K	$70K	—	—
2019	$38K	$36K	$590K	$70K	—	View 990
2018	$27K	$28K	$588K	$70K	—	View 990
2017	$68K	$38K	$630K	$70K	—	View 990
2016	$138K	$25K	$602K	$70K	—	View 990
2015	$159K	$32K	$489K	$70K	—	View 990
2014	$0	$40K	$362K	$70K	—	View 990
2013	$203K	$56K	$337K	$0	—	View 990
2012	$50K	$60K	$190K	$0	—	View 990
2011	$139K	$40K	$180K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $135K, expenses of $92K, and assets of $696K (revenue +25.5% year-over-year).
2022: Revenue of $108K, expenses of $98K, and assets of $612K (revenue +289.4% year-over-year).
2021: Revenue of $28K, expenses of $22K, and assets of $605K (revenue +160.2% year-over-year).
2020: Revenue of $11K, expenses of $10K, and assets of $590K (revenue -72.2% year-over-year).
2019: Revenue of $38K, expenses of $36K, and assets of $590K (revenue +41.9% year-over-year).
2018: Revenue of $27K, expenses of $28K, and assets of $588K (revenue -60.5% year-over-year).
2017: Revenue of $68K, expenses of $38K, and assets of $630K (revenue -50.7% year-over-year).
2016: Revenue of $138K, expenses of $25K, and assets of $602K (revenue -13.3% year-over-year).
2015: Revenue of $159K, expenses of $32K, and assets of $489K.
2014: Revenue of $0, expenses of $40K, and assets of $362K (revenue -100.0% year-over-year).
2013: Revenue of $203K, expenses of $56K, and assets of $337K (revenue +302.2% year-over-year).
2012: Revenue of $50K, expenses of $60K, and assets of $190K (revenue -63.7% year-over-year).
2011: Revenue of $139K, expenses of $40K, and assets of $180K.

Data Sources and Methodology

This transparency report for Norway Maine Opera House Corp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.