OPERALEX INC (EIN 611170162) - 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

1990

Legal Domicile

Principal Officer

BONNIE MAYS

Phone

8595592111

Tax Period

2023-07-01 to 2024-06-30

OPERALEX INC, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $207K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Net assets of $510K represent 30 months of operating reserves.

Mission

TO ENHANCE THE GENERAL PUBLIC'S AWARENESS OF OPERA IN CENTRAL KENTUCKY AND THROUGHOUT THE COMMONWEALTH, PARTICULARLY THROUGH SUPPORT OF THE OPERA PROGRAM AT THE UNIVERSITY OF KENTUCKY, INCLUDING BUT NOT LIMITED TO THE AWARDING OF STUDENT SCHOLARSHIPS UNDER THE DIRECTION OF THE BOARD OF DIRECTORS, AND THE CONTINUATION OF THE CORPORATION'S EDUCATIONAL AND PUBLIC PROGRAMS.

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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 $63,298

Program Service Revenue $86,207

Investment Income $4,461

Other Revenue $53,316

TOTAL REVENUE $207,282

Expense Breakdown

Grants Paid $6,736

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $185,896

Other Expenses $216,429

TOTAL EXPENSES $223,165

Year-over-Year Comparison

	2023	2022	Change
Revenue	$207,282	$364,584	-0.4%
Expenses	$223,165	$247,453	-0.1%
Net Income	$-15,883	$117,131	-1.1%

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
GINNY ARNETT	CORRESPONDING SECRETARY	6.00	Officer Director	$0	$0	$0
W HARRY CLARKE	DIRECTOR	5.00	Director	$0	$0	$0
JACKIE DAWSON	DIRECTOR	6.00	Director	$0	$0	$0
ANN ELIZABETH DELAHANTY	DIRECTOR	3.00	Director	$0	$0	$0
JEANNE DORTON	DIRECTOR	3.00	Director	$0	$0	$0
GEORGE FOREMAN	DIRECTOR	3.00	Director	$0	$0	$0
MARK FRITZ	DIRECTOR	5.00	Director	$0	$0	$0
JAN FURST	TREASURER	10.00	Officer Director	$0	$0	$0
ED HENRY	DIRECTOR	6.00	Director	$0	$0	$0
CONNIE JENNINGS	DIRECTOR	3.00	Director	$0	$0	$0
KEITH KEY	DIRECTOR	5.00	Director	$0	$0	$0
BONNIE MAYS	PRESIDENT	10.00	Officer Director	$0	$0	$0
KAY COLLIER MCLAUGHLIN	DIRECTOR	4.00	Director	$0	$0	$0
FRANK MILLER	DIRECTOR	3.00	Director	$0	$0	$0
ANGELA RICE	DIRECTOR	3.00	Director	$0	$0	$0
KAREN RICE SELLERS	DIRECTOR	3.00	Director	$0	$0	$0
MELISSA SKAGGS	DIRECTOR	3.00	Director	$0	$0	$0
LESLIE SMART	DIRECTOR	8.00	Director	$0	$0	$0
MADISON STEWART	DIRECTOR	5.00	Director	$0	$0	$0
ABBY VAUGHN	DIRECTOR	3.00	Director	$0	$0	$0
STEPHEN LLOYD WEBB	VICE PRESIDENT	6.00	Officer Director	$0	$0	$0
JUNE WILLIAMS	DIRECTOR	5.00	Director	$0	$0	$0
NANCY WREDE	SECRETARY	5.00	Officer 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	$207,282	$223,165	$509,605	$-15,883
2023	$364,584	$247,453	$525,488	$117,131
2022	$59,642	$156,673	$404,458	$-97,031
2021	$400,777	$112,661	$509,084	$288,116
2020	$99,539	$138,100	$204,245	$-38,561
2019	$118,870	$124,379	$242,806	$-5,509

OPERALEX INC