Homer Opus

Nonprofit profile at a glance

EIN
843921663
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024, Form 990-N 2020
Location
Homer, AK, USA
Phone
9072995550
Rating
96
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts Education

Reported finances

Revenue
$109,389
Expenses
$118,503
Assets
$98,959
Liabilities
$970

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

Leadership & pay

9 people listed

Executive titles in this filing

  • MIRANDA WEISS (PRESIDENT)

People named in this filing

  • MIRANDA WEISS (PRESIDENT)
  • KIM FINE (VICE PRESIDE)
  • LYN MASLOW (SECRETARY)

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

Homer opus is a nonprofit organization that delivers string-based music programs to youth ages kindergarten through 12th grade, and adults, in homer, Alaska. Our mission is to build a stronger community by creating music together, and to create better learners and citizens through instrumental instruction and performance.

What it reported doing in 2024

Homer opus is a 501(c)(3) nonprofit organization located in homer, ak with a mission to build learning skills and community cohesiveness by teaching children orchestral string instruments and by performing. Homer opus serves the southern kenai peninsula and has in-school programs in paul banks elementary, fireweed charter, and chapman elementary schools for k-2 children. We also offer an after-school youth orchestra for older students and adults. Our in-school program reaches over 240 youth using violin instruction to develop the kinds of learning skills that brain research show string instruction can provide. These skills are known a executive function skills and include such things as attention focus, perseverance, planning, multi-tasking, and impulse control - things that improve children's long-term academia and life success. Homer opus's after school orchestral program currrently serves about 35 and develops musical and orchestral skills and gives them a sense of agency and belonging. Our adult ensemble of about 20 members focuses on mentoring our youth participants.

Operating model

Revenue model
Donor-supported. 94% 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. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 36
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • 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: -8.3%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 0.84; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 42; 42nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 62.2% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 7.7% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: -5.2% per year; rating input score 0; 16th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $119K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Sustainability: Operating margin scored 17/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 42/100.