Midland-Odessa Symphony & Chorale Inc

Nonprofit profile at a glance

EIN
751301544
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Midland, TX, USA
Phone
4325630921
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Music

Official website

Reported finances

Revenue
$1,178,082
Expenses
$1,404,924
Assets
$2,981,136
Liabilities
$4,961

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

Leadership & pay

40 people listed

Executive titles in this filing

  • Dee Anna Arellano (President)
  • Jessica Bexley (Past President)

Highest reported compensation

  • Ethan Wills (Executive Dir.): $109,280 total reported compensation
  • Eric Baker (Director): $17,055 total reported compensation
  • Beau Garza (Director): $3,313 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To enhance the quality of life in West Texas through professional music performances and music education.

What it reported doing in 2024

The Symphony's 62nd season of productions included performances by the symphony orchestra, adult chorale, youth choir, and three resident instrumental ensembles. The Symphony's Masterwork Series included the following concerts: American Stories, Folk Tales, WTS Spotlight, and The Rite of Spring. The Pops and Family Series included concerts featuring Barbara Padilla, Sounds of the Season, Tony Desare, and Superman in Concert. Fall and Spring chamber concerts were held for each of the three resident instrumental ensembles, Permian Basin String Quartet, West Texas Winds, and Lone Star Brass. Additional productions included performances by the Chamber Chorale and Voices of the Permian Basin, the Symphony's youth choir. This season, the Symphony also provided special concerts for school aged children to foster the love for music starting at a young age.

Operating model

Revenue model
Donor-supported. 67% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 92
  • Accountability: 84
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.5%; rating input score 86
  • Program expense ratio: 71.6%; rating input score 72
  • Fundraising efficiency: $7.09 raised per $1 spent on fundraising; rating input score 27; 27th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 91.4%; rating input score 91; 23rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -19.3%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 2.12; rating input score 66; 66th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 78; 78th percentile among comparable filings
  • Officer compensation ratio: 9.4%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: 1.9% per year; rating input score 100; 26th percentile among comparable filings
  • Revenue growth: 1.3% per year; rating input score 100; 21st percentile among comparable filings
  • Asset growth: 1.5% per year; rating input score 100; 23rd percentile among comparable filings

Details

  • Where the money goes: 86.5% of revenue deployed · 71.6% of spending went to programs
  • Governance: 32 of 35 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1M in reported program spending
  • Leadership: top reported pay $109K · 40 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 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.

  • High — Financial Efficiency: Fundraising efficiency scored 27/100.
  • High — Sustainability: Operating margin scored 10/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 39/100.