OPAS FOUNDATION (EIN 203523938) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

Joan H Squires

Phone

4023450202

Tax Period

2023-07-01 to 2024-06-30

OPAS FOUNDATION, founded in 2005, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $29.5M in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $18.1M, a strong 61% operating margin.

Mission

The mission of OPAS Foundation is to further the objectives and purpose of Omaha Performing Arts Society.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $22,899,151

Program Service Revenue $3,866,040

Investment Income $2,772,863

Other Revenue $0

TOTAL REVENUE $29,538,054

Expense Breakdown

Grants Paid $5,910,762

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,145,654

Other Expenses $5,504,376

TOTAL EXPENSES $11,415,138

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,538,054	$88,718,176	-0.7%
Expenses	$11,415,138	$7,198,754	+0.6%
Net Income	$18,122,916	$81,519,422	-0.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$893,329

Total Directors

Key Employees

$203,256

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOAN H SQUIRES	PRESIDENT	5	Officer	$0	$23,479	$638,743
ARNOLD REEVES	SENIOR VP AND CFO, TREASURER	5	Officer	$0	$25,902	$254,586
SABRINA WEISS	VP - DEVELOPMENT	5	Key Emp	$0	$7,655	$203,256
MICHAEL MCCARTHY	CHAIR	1	Officer Director	$0	$0	$0
JACK KORALESKI	VICE CHAIR	1	Officer Director	$0	$0	$0
JOHN BOYER	SECRETARY	1	Officer Director	$0	$0	$0
MICHAEL CASSLING	DIRECTOR	1	Director	$0	$0	$0
JENNIFER HAMANN	DIRECTOR	1	Director	$0	$0	$0
RODRIGO LOPEZ	DIRECTOR	1	Director	$0	$0	$0
CARL G MAMMEL	DIRECTOR	1	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$29,538,054	$11,415,138	$322,736,275	$18,122,916
2023	$88,718,176	$7,198,754	$295,903,134	$81,519,422
2022	$7,577,994	$6,053,761	$214,160,238	$1,524,233
2021	$54,646,266	$6,015,496	$216,930,638	$48,630,770
2020	$55,862,355	$5,926,856	$154,372,041	$49,935,499
2019	$5,092,045	$5,854,745	$110,389,688	$-762,700
2018	$3,803,630	$5,623,809	$106,171,108	$-1,820,179

OPAS FOUNDATION