KOR Productions NFP

Nonprofit profile at a glance

EIN
320634456
IRS 990-EZ coverage
2021–2022
Forms available
Form 990-EZ 2022
Location
Chicago, IL, USA
Phone
7168610864
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Opera

Official website

Reported finances

Revenue
$20,937
Expenses
$14,869
Assets
$7,994

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Dan Hansvick (Executive Director)

People named in this filing

  • Johanna Moffitt (Artistic Director)
  • Emily Cox (Managing Director)
  • Dan Hansvick (Executive 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 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Bring opera to non-traditional audiences through the use of non-traditional venues, staging, and translations.

What it reported doing in 2022

Six Operas produced. 28 performances that served 3497audience members.

Operating model

Revenue model
Donor-supported. 91% 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

SUPPORTED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 36
  • Transparency & Controls: 100
  • Sustainability: 47
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 30.8%; rating input score 31
  • Program expense ratio: 43.3%; rating input score 43

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 29%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 0.54; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 30.3%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: -122.6% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -41.2% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: 122.3% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 30.8% of revenue deployed · 43.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $6K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2021 to 2022
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Financial Efficiency: Mission deployment rate scored 31/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 43/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.