Midwest Harp Academy
Nonprofit profile at a glance
- EIN
- 202909707
- IRS 990-EZ coverage
- 2018–2018
- Forms available
- Form 990-EZ 2018, Form 990-N 2017
- Location
- Tulsa, OK, USA
- Phone
- 9185204041
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $50,724
- Expenses
- $61,186
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Suzanna Berzas (President)
People named in this filing
- Lorelei K Barton (Executive Dir.)
- Michael W Sanders (Treasurer)
- Suzanna Berzas (President)
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 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote musical awareness to students of all ages and levels and conduct music camps, ensemble instruction and related activities with integrity and professionalism. To provide community outreach with the harp and its studies supplying all opportunities for students, enthusiasts, and the general audience to gain an enhanced appreciation of the harp.
What it reported doing in 2018
The Midwest Harp Academy including scholarships opportunities, guest artists, harp ensemble concerts and many other educational programs is held on an annual basis.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 82
- Sustainability: 12
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.4%; rating input score 81
- Program expense ratio: 67.5%; rating input score 68
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -20.6%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 13.6%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 81.4% of revenue deployed · 67.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $41K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 21/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Sustainability: Officer compensation ratio scored 9/100.