OKLAHOMA ARTS INSTITUTE INC

EIN: 731021165 501(c)(3) Arts, Culture & Humanities

OKLAHOMA CITY, OK

Total Revenue
$1,563,571
Total Expenses
$1,768,183
Total Assets
$2,368,969
Net Assets
$2,070,895
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
OK
Principal Officer
ROBERT WARD
Phone
4056057500
Tax Period
2023-01-01 to 2023-12-31

OKLAHOMA ARTS INSTITUTE INC, founded in 1977, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Expenses of $1.8M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE EXCEPTIONAL MULTIDISCIPLINARY ARTS EXPERIENCES THAT DEVELOP INDIVIDUAL TALENT AND INSPIRE A LIFELONG PASSION FOR THE ARTS.

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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 $1,406,381
Program Service Revenue $132,528
Investment Income $20,651
Other Revenue $4,011
TOTAL REVENUE $1,563,571

Expense Breakdown

Grants Paid $0
Salaries & Benefits $567,048
Fundraising Expenses $167,236
Program Expenses $1,467,106
Other Expenses $1,201,135
TOTAL EXPENSES $1,768,183

Year-over-Year Comparison

2023 2022 Change
Revenue $1,563,571 $1,474,798 +0.1%
Expenses $1,768,183 $1,662,859 +0.1%
Net Income $-204,612 $-188,061 +0.1%
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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Governance

Voting Members
11
Independent Members
11
Employees
9
Volunteers
109

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
4
$116,421
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT WARD PRESIDENT & 40.00
Officer
$111,516 $4,905 $116,421
LISA GREENLEE CHAIRPERSON 0.50
Officer Director
$0 $0 $0
AMY SERGENT SECRETARY 0.50
Officer Director
$0 $0 $0
CHAD HANEY TREASURER 0.50
Officer Director
$0 $0 $0
JOSE LUIS HERNANDEZ DIRECTOR 0.50
Director
$0 $0 $0
CLARK HUEY DIRECTOR 0.50
Director
$0 $0 $0
JOHN KOONS DIRECTOR 0.50
Director
$0 $0 $0
MARI MEDLEY DIRECTOR 0.50
Director
$0 $0 $0
DANA MICKLEY DIRECTOR 0.50
Director
$0 $0 $0
LEAH PAPPAN DIRECTOR 0.50
Director
$0 $0 $0
ANNE ROBERTS DIRECTOR 0.50
Director
$0 $0 $0
EMILY SMITH DIRECTOR 0.50
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 No data No data No data No data
2023 $1,563,571 $1,768,183 $2,368,969 $-204,612
2022 $1,474,798 $1,662,859 $2,681,588 $-188,061
2021 $1,383,952 $1,456,950 $2,532,394 $-72,998
2020 $984,732 $1,002,047 $2,563,859 $-17,315
2019 $1,364,133 $1,377,411 $2,610,511 $-13,278
2018 $1,352,507 $1,372,049 $2,620,379 $-19,542
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