Oklahoma Philharmonic Society Inc
Nonprofit profile at a glance
- EIN
- 731328565
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Oklahoma City, OK, USA
- Phone
- 4052327575
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Symphony Orchestras
Reported finances
- Revenue
- $5,416,029
- Expenses
- $7,650,336
- Assets
- $16,569,536
- Liabilities
- $1,131,982
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- BRENT HART (EXECUTIVE DIRECTOR)
- JERROD SHOUSE (PRESIDENT)
- JIM ROTH (PRESIDENT ELECT)
- DEBBIE MCKINNEY (VICE PRESIDENT)
Highest reported compensation
- JOHN A MICKELTHWATE (MUSIC DIRECTOR): $201,391 total reported compensation
- BRENT HART (EXECUTIVE DIRECTOR): $196,641 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Oklahoma philharmonic society, inc. Exists to provide inspiration and joy for the community through orchestral music programming. Our vision is to enhance the cultural life of the community, educate future generations, entertain our audiences, elevate the quality of every performance, serve as a leader for positive community growth through orchestral music, and work together with other arts organizations in our community.
What it reported doing in 2024
An array of educational and community engagement activities provide community members from children to adults with affordable or free activities. These include weve got rhythm, society of strings, youth concerts, rhythm on the road, youth concerts, three free outdoor summer concerts at scissortail park including red, white & boom and collaborative partnerships with the Oklahoma city ballet and the canterbury voices.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 76
- Accountability: 100
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 72.8%; rating input score 73
- Fundraising efficiency: $8.81 raised per $1 spent on fundraising; rating input score 33; 33rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -41.3%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 2.17; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 65; 65th percentile among comparable filings
- Officer compensation ratio: 5.2%; rating input score 52; 52nd percentile among comparable filings
Growth
- Program expense growth: 3.6% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 1.9% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: 3.2% per year; rating input score 100; 25th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 72.8% of spending went to programs
- Governance: 27 of 27 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $5.6M in reported program spending
- Leadership: top reported pay $201K · 31 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $520K reported
- Consistency: 33 of 33 current checks pass
- Schedules: 7 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 33/100.
- High — Sustainability: Operating margin scored 3/100.
- Review — Sustainability: Officer compensation ratio scored 52/100.