Permian Basin Opera
Nonprofit profile at a glance
- EIN
- 751943679
- IRS 990-EZ coverage
- 2011–2024
- Forms available
- Form 990 2018, Form 990-EZ 2024
- Location
- Midland, TX, USA
- Phone
- 4326887777
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $52,750
- Expenses
- $53,015
- Assets
- $11,608
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- DR KATIE OSUAMKPE (President)
- DR PATRICIA HUGHES (President-ELECT)
People named in this filing
- JACLYN WOOLF (Director)
- DR KATIE OSUAMKPE (President)
- DR PATRICIA HUGHES (President-ELECT)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
At permian basin opera, we are dedicated to bringing the transformative power of opera to our community.
What it reported doing in 2024
Opera live - yearly productions that bring quality performances for the general public. These productions provide programming for children and families that are either minorities or have a low socio-economic status.opera in the schools - educational programming that showcases students attending university for performing arts putting on a production for elementary age students in midland.youth mentor program - monthly classes for junior and high school students interested in attending university and having eventual careers in the performing arts. This program provides valuable training to prepare the students for what to expect in their futures.opera 101 - weekly courses held at midland college as a furthering education class that teaches opera history.
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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 100
- Sustainability: 32
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.7%; rating input score 63
- Program expense ratio: 62.3%; rating input score 62
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -0.5%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 0.22; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 5.3% per year; rating input score 100; 63rd percentile among comparable filings
- Revenue growth: 1.1% per year; rating input score 100; 56th percentile among comparable filings
- Asset growth: -6.2% per year; rating input score 0; 22nd percentile among comparable filings
Details
- Where the money goes: 62.7% of revenue deployed · 62.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $33K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Moderate — Sustainability: Operating margin scored 43/100.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.