Brightmusic Society of Oklahoma

Nonprofit profile at a glance

EIN
205593297
IRS 990-EZ coverage
2018–2024
Forms available
Form 990-EZ 2024, Form 990-N 2008
Location
Oklahoma City, OK, USA
Phone
4052165595
Rating
93
Verdict
STRONG
Rating confidence
Moderate
Sector
Music

Reported finances

Revenue
$69,506
Expenses
$67,012
Assets
$38,553
Liabilities
$0

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

Leadership & pay

12 people listed

Executive titles in this filing

  • DAVID R JOHNSON (PRESIDENT EMERITUS)
  • FRANCES P ROACH (INTERIM PRESIDENT)

People named in this filing

  • AARON ACKERMAN (TREASURER)
  • DAVID R JOHNSON (PRESIDENT EMERITUS)
  • EDWARD KNIGHT (DIRECTOR)

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

Preserving classical chamber music concerts.

What it reported doing in 2024

Since 2003 brightmusic society of Oklahoma has brought exciting, live chamber music performances to Oklahoma city audiences. During the 2023-24 fiscal year, the organization presented 5 regular-season concerts. Each summer brightmusic holds a four-concert festival. While the audiences and revenue from ticket sales and season passes continue to be smaller than pre-covid levels, they have been growing during the year. Outreach to students, who are admitted free of charge, continued during the just-completed year.

Operating model

Revenue model
Donor-supported. 93% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 100
  • Sustainability: 43
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.4%; rating input score 96
  • Program expense ratio: 100%; rating input score 100

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: 3.6%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 0.58; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 25.2%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: 4.5% per year; rating input score 100; 61st percentile among comparable filings
  • Revenue growth: -0.7% per year; rating input score 0; 49th percentile among comparable filings
  • Asset growth: -11.8% per year; rating input score 0; 15th percentile among comparable filings

Details

  • Where the money goes: 96.4% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $67K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 7 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Operating margin scored 52/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.