Kearney Concert Association

Nonprofit profile at a glance

EIN
470811519
IRS 990-EZ coverage
2019–2024
Forms available
Form 990-EZ 2024
Location
Kearney, NE, USA
Phone
3086272717
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Music

Reported finances

Revenue
$95,430
Expenses
$69,033
Assets
$363,600

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

Leadership & pay

5 people listed

Executive titles in this filing

  • ANGELA WRIGHT (President)
  • Tim Farrell (Vice President)

People named in this filing

  • ANGELA WRIGHT (President)
  • Tim Farrell (Vice President)
  • Carol Ellenwood (Executive 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

Provide local live concerts

What it reported doing in 2024

8 Concerts were provided with about 450 guests each.The total cost includes artist fees, advertising, occupancy fees, printing & other misc. expenses

Operating model

Revenue model
Membership-supported. 64% of the money available for current operations came from membership dues.
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. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 82
  • Sustainability: 69
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.3%; rating input score 76
  • Program expense ratio: 91.1%; rating input score 91

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 27.7%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 5.27; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 14.3% per year; rating input score 100; 77th percentile among comparable filings
  • Revenue growth: 7.9% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: 7.1% per year; rating input score 100; 65th percentile among comparable filings

Details

  • Where the money goes: 76.3% of revenue deployed · 91.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $63K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Sustainability: Officer compensation ratio scored 56/100.