OTAKORP INC (EIN 251800552) - 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

1994

Legal Domicile

Principal Officer

LACEY KISHTER

Phone

6105776133

Tax Period

2024-01-01 to 2024-12-31

OTAKORP INC, founded in 1994, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.4M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $858K, a strong 19% operating margin.

Mission

TO FOSTER AN AWARENESS AND PROMOTE THE APPRECIATION OF ASIAN CULTURE, PRIMARILY THROUGH ITS MEDIA AND ENTERTAINMENT AND THE ARTISTIC COMMUNITY INVOLVED IN THEIR CREATION, BY PROVIDING A FORUM FOR EXHIBITION, DISCUSSION, WORKSHOPS, AND ACTIVITIES RELATED TO THE SAME; MOREOVER TO PROVIDE AN ENVIRONMENT AND SUPPORT MECHANISM BY WHICH A SIMILAR ARTISTIC COMMUNITY CAN ARISE IN THE UNITED STATES.

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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 $5,304

Program Service Revenue $4,314,844

Investment Income $0

Other Revenue $89,720

TOTAL REVENUE $4,409,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,958,118

Other Expenses $3,552,049

TOTAL EXPENSES $3,552,049

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,409,868	$3,786,249	+0.2%
Expenses	$3,552,049	$3,427,938	+0.0%
Net Income	$857,819	$358,311	+1.4%

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

230

Independent Members

230

Employees

N/A

Volunteers

853

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
BROOKE ZERRLAUT	PRESIDENT	20.00	Officer Director	$0	$0	$0
LACEY KISHTER	PRESIDENT/VP	15.00	Officer Director	$0	$0	$0
MATTHEW SMIECHOWSKI	TREASURER	15.00	Officer Director	$0	$0	$0
JOHN GLUTH	TREASURER	15.00	Officer Director	$0	$0	$0
MICHAEL RAYES	VICE PRESIDE	15.00	Officer Director	$0	$0	$0
KENNETH BRYSON	COMPTROLLER	15.00	Officer Director	$0	$0	$0
CONNOR MAC ENTEE	CORRESPONDIN	15.00	Officer Director	$0	$0	$0
MELANIE HARDY-SKEBERDIS	CORRESPONDIN	15.00	Officer Director	$0	$0	$0
RACHAEL MCCLEARY	RECORDING SE	10.00	Officer Director	$0	$0	$0
MATTHEW GRAVES	RECORDING SE	10.00	Officer Director	$0	$0	$0
SIMON CHAMBERS	MEMBER AT LA	5.00	Director	$0	$0	$0
SIMONE BLANCHAT	MEMBER AT LA	5.00	Director	$0	$0	$0
DANIELLE RUTTER	MEMBER AT LA	5.00	Director	$0	$0	$0
JOSHUA CONWAY	MEMBER AT LA	5.00	Director	$0	$0	$0
ETHAN LINDSEY	MEMBER AT LA	5.00	Director	$0	$0	$0
VICTORIA MACENTEE	MEMBER AT LA	5.00	Director	$0	$0	$0
JOEY BRUNO	MEMBER AT LA	5.00	Director	$0	$0	$0
EWEN CRUNKHORN	MEMBER AT LA	5.00	Director	$0	$0	$0
BRIAN CUTLER	MEMBER AT LA	5.00	Director	$0	$0	$0
JONATHAN NORI	MEMBER AT LA	5.00	Director	$0	$0	$0
HARSH PANDYA	MEMBER AT LA	5.00	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
2024	$4,409,868	$3,552,049	$4,133,756	$857,819
2023	$3,786,249	$3,427,938	$3,275,104	$358,311
2022	$5,160,092	$2,869,647	$2,831,049	$2,290,445
2022	$214,009	$110,581	$2,924,624	$103,428
2021	$1,832,562	$1,545,126	$526,333	$287,436
2020	$365,102	$585,016	$191,275	$-219,914
2019	$2,566,195	$2,569,270	$352,216	$-3,075
2018	$2,881,829	$2,719,849	$417,537	$161,980

OTAKORP INC