Valley Opera and Performing Arts
Nonprofit profile at a glance
- EIN
- 461963085
- IRS 990-EZ coverage
- 2021–2023
- Forms available
- Form 990-EZ 2023
- Location
- Reseda, CA, USA
- Phone
- 7474633358
- Rating
- 56
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $115,699
- Expenses
- $105,921
- Assets
- $25,833
- Liabilities
- $98,165
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- Gencie T Mondrus (Chairperson)
- Jay Michtom (Chief Financial Officer)
- David Lapidus (Secretary)
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 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Musical performances for the entire community
What it reported doing in 2023
Presented a unique concert, "The Best of Broadway...And Everything Else" , with orchestra and rock band, featuring virtually every major genre of vocal music - Opera, Broadway, Jazz, Rock, R&B, Country and Western, etc., attended by over 500 people.
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
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 32
- Transparency & Controls: 82
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 30.7%; rating input score 31
- Program expense ratio: 33.5%; rating input score 34
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 8.5%; rating input score 56; 56th percentile among comparable filings
- Total-asset coverage ratio: 0.24; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 3.8; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 31.9% per year; rating input score 100; 84th percentile among comparable filings
- Revenue growth: 46.2% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 80.7% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 30.7% of revenue deployed · 33.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $35K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2021 to 2023
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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 — Financial Efficiency: Mission deployment rate scored 31/100.
- Moderate — Financial Efficiency: Program expense ratio scored 34/100.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- Review — Sustainability: Operating margin scored 56/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.