AKRON OPERA HOUSE (EIN 237315500) - 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

2012

Legal Domicile

Principal Officer

LEANNE PHILIPS

Phone

7125682614

Tax Period

2024-07-01 to 2025-06-30

AKRON OPERA HOUSE, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $392K in total revenue in fiscal year 2024. Revenue surged 422% from the prior year, signaling strong growth momentum. The organization ran a surplus of $319K, a strong 81% operating margin.

Mission

TO ADVANCE DRAMATIC THEATRICAL ART WITHIN THE COMMUNITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $365,234

Program Service Revenue $19,881

Investment Income $4,624

Other Revenue $2,729

TOTAL REVENUE $392,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $450

Program Expenses $67,732

Other Expenses $73,253

TOTAL EXPENSES $73,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$392,468	$75,130	+4.2%
Expenses	$73,253	$37,427	+1.0%
Net Income	$319,215	$37,703	+7.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG OLSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
LEANNE PHILIPS	TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN LINDER	DIRECTOR	1.00	Director	$0	$0	$0
DWAIN WILMOT	DIRECTOR	1.00	Director	$0	$0	$0
MARK PHILIPS	DIRECTOR	1.00	Director	$0	$0	$0
VAL PHILIPS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
ALEX PICK	DIRECTOR	1.00	Director	$0	$0	$0
RYAN SCHUKNECHT	DIRECTOR	1.00	Director	$0	$0	$0
PAM ANDERSON	DIRECTOR	1.00	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	$392,468	$73,253	$538,280	$319,215

AKRON OPERA HOUSE