Opera in the Ozarks Inc

Nonprofit profile at a glance

EIN
710327137
IRS 990 coverage
2010–2023
Forms available
Form 990 2023, Form 990-EZ 2009
Location
Eureka Springs, AR, USA
Phone
4792538595
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$18,951,345
Expenses
$921,029
Assets
$3,575,668
Liabilities
$1,474,730

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

26 people listed

Executive titles in this filing

  • DON DAGENAIS (PRESIDENT)

Highest reported compensation

  • NANCY J PREIS (GENERAL DIRE): $63,550 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's mission is to provide a regional center for lifelong learning in music, including vocal, instrumental, and orchestral, with extensive training for the performance stage.

Operating model

Revenue model
Donor-supported. 98% 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 and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 39
  • Transparency & Controls: 86
  • Accountability: 84
  • Sustainability: 79
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 4.6%; rating input score 5
  • Program expense ratio: 76.2%; rating input score 76
  • Fundraising efficiency: $476.22 raised per $1 spent on fundraising; rating input score 94; 94th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 10th 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: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • 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: 95.1%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 3.88; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0.41; rating input score 37; 37th percentile among comparable filings
  • Officer compensation ratio: 6.9%; rating input score 34; 34th percentile among comparable filings

Growth

  • Program expense growth: 5.8% per year; rating input score 100; 50th percentile among comparable filings
  • Revenue growth: 27% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 18.5% per year; rating input score 100; 86th percentile among comparable filings

Details

  • Where the money goes: 4.6% of revenue deployed · 76.2% of spending went to programs
  • Governance: 24 of 24 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $702K in reported program spending
  • Leadership: top reported pay $64K · 26 people listed
  • Consistency: 26 of 27 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 13 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 5/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 34/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 37/100.