Opera in the Rock Inc
Nonprofit profile at a glance
- EIN
- 455524555
- IRS 990-EZ coverage
- 2017–2019
- Forms available
- Form 990-EZ 2019
- Location
- Little Rock, AR, USA
- Phone
- 5016819640
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $171,329
- Expenses
- $149,823
- Assets
- $135,003
- Liabilities
- $99,000
Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
11 people listed
People named in this filing
- KATE SAIN (EXECUTIVE DI)
- JOSHUA PRICE (CHAIRMAN)
- LASHEENA GORDON (VICE-CHAIR)
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 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Founded in the spring of 2012 by young singing professionals, opera in the rock is Arkansas's only professional opera company and is a designated professional company member of opera america. The principal purpose of opera in the rock is the production of main stage professional opera, a continuing opera review series (opera on the rocks) and outreach performances throughout the state. The corporation fosters and promotes opera as both entertainment and education and gives local and regional performers the opportunity to use their talents and further their artistic careers. Our efforts support the state's artistic communities by collaboration with other arts organizations both onstage and behind-the- scenes while providing mentorship and performance opportunities for young opera singers and arts professionals. Opera in the rock seeks to enrich the cultural life of Arkansas through professional opera performances emphasizing collaboration and diversity to build future audiences for this
What it reported doing in 2019
Production and presentation of fully staged and costumed productions of various professional operas for students.
Operating model
- Revenue model
- Donor-supported. 79% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 82
- Sustainability: 50
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.4%; rating input score 87
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 12.6%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 0.9; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0.73; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 19.2%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 48.5% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: 48% per year; rating input score 100; 96th percentile among comparable filings
- Asset growth: 113.6% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 87.4% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $150K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2017 to 2019
- 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.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- High — Sustainability: Officer compensation ratio scored 19/100.