OPPORTUNITY CENTER OF OWENSBORO INC

EIN: 610539889 501(c)(3) Human Services

OWENSBORO, KY

Total Revenue
$1,153,947
Total Expenses
$1,057,584
Total Assets
$2,306,226
Net Assets
$2,265,667
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
KY
Principal Officer
ROSEMARY CONDER
Phone
2706455004
Tax Period
2023-01-01 to 2023-12-31

OPPORTUNITY CENTER OF OWENSBORO INC, founded in 1967, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 8% surplus.

Mission

OPPORTUNITY CENTER SERVICES AND SUPPORT EMPOWERS ADULTS WITH DISABILITIES TO LEAD THEIR BEST LIVES.THE OPPORTUNITY CENTER WAS FOUNDED IN 1956 BY A GROUP OF LOVING PARENTS WHO DESIRED THAT THEIR CHILDREN WITH DEVELOPMENTAL DISABILITIES HAVE THE OPPORTUNITY TO RECEIVE AN EDUCATION. MAINSTREAM SCHOOL ACCEPTANCE WAS NOT AVAILABLE TO THOSE SPECIAL NEEDS CHILDREN. THESE DEDICATED AND CARING PARENTS BANDED TOGETHER TO CREATE THIS OPPORTUNITY AND FOUNDED THE ORGANIZATION. SUPPORTED BY THE COMMUNITY THROUGHOUT THE DECADES SINCE, THE ORGANIZATION HAS PERSEVERED AND ADAPTED TO THE UNIQUE NEEDS OF THE INDIVIDUALS WE SUPPORT. OUR ULTIMATE GOAL IS TO EMPOWER THE ADULT INDIVIDUALS WE SUPPORT TO LEAD THEIR BEST LIVES, AND DETERMINE FOR THEMSELVES HOW THEY WILL CONQUER THE WORLD!

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $166,904
Program Service Revenue $744,939
Investment Income $48,771
Other Revenue $193,333
TOTAL REVENUE $1,153,947

Expense Breakdown

Grants Paid $0
Salaries & Benefits $748,606
Fundraising Expenses $6,905
Program Expenses $730,441
Other Expenses $308,978
TOTAL EXPENSES $1,057,584

Year-over-Year Comparison

2023 2022 Change
Revenue $1,153,947 $989,874 +0.2%
Expenses $1,057,584 $825,856 +0.3%
Net Income $96,363 $164,018 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
82
Volunteers
35

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
5
$71,950
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAMMY MAGLINGER PAST PRESIDENT 4.00
Director
$0 $0 $0
JEANNENE HURST DIRECTOR 1.00
Director
$0 $0 $0
CHRIS LUTTRELL TREASURER 4.00
Officer Director
$0 $0 $0
SISTER SHARON SULLIVAN DIRECTOR 1.00
Director
$0 $0 $0
PAULA HEDDEN SECRETARY 4.00
Officer Director
$0 $0 $0
JEREMY STEPHENS DIRECTOR 1.00
Director
$0 $0 $0
CHARLENE SALPIETRA DIRECTOR 1.00
Director
$0 $0 $0
HEIDI REYES DIRECTOR 1.00
Director
$0 $0 $0
KAREN GOEDDE DIRECTOR 1.00
Director
$0 $0 $0
MICHELE CECIL DIRECTOR 1.00
Director
$0 $0 $0
CINDY PARRISH VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
CORENA MAVRAK DIRECTOR 1.00
Director
$0 $0 $0
KEVIN GIBSON PRESIDENT 4.00
Officer Director
$0 $0 $0
SCOTT STRAYTON DIRECTOR 1.00
Director
$0 $0 $0
SHEILA RIDNER DIRECTOR 1.00
Director
$0 $0 $0
BOB TARRANTS DIRECTOR 1.00
Director
$0 $0 $0
JEANNA JAGOE DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER HUGHES DIRECTOR 1.00
Director
$0 $0 $0
ROSEMARY CONDER EXECUTIVE DIRECTOR 40.00
Officer
$71,950 $0 $71,950
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 No data No data No data No data
2023 $1,153,947 $1,057,584 $2,306,226 $96,363
2022 $989,874 $825,856 $2,124,849 $164,018
2021 $819,101 $676,594 $2,106,297 $142,507
2020 $772,222 $1,035,897 $1,894,831 $-263,675
2019 $984,763 $1,054,716 $2,196,894 $-69,953
2018 $868,024 $1,067,778 $2,147,370 $-199,754
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