FOUNDATION FOR THE MCKNIGHT CENTER… - Form 990 Financial Data

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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

2016

Legal Domicile

Principal Officer

MARK BLAKEMAN

Phone

4057449003

Tax Period

2024-07-01 to 2025-06-30

FOUNDATION FOR THE MCKNIGHT CENTER FOR THE PERFORMING ARTS, founded in 2016, is a community nonprofit in the Education sector that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $5.7M exceeded revenue, resulting in a 65% operating deficit.

Mission

THE MCKNIGHT CENTER INSPIRES AND TRANSFORMS INDIVIDUALS' LIVES THROUGH ARTISTIC EXCELLENCE, SHARED CREATIVE EXPERIENCES, AND IMPACTFUL LEARNING OPPORTUNITIES. PERFORMANCES AND EVENTS ARE PRESENTED IN A SUPPORTIVE ENVIRONMENT THAT SEEKS TO ELIMINATE OBSTACLES TO ATTENDANCE FOR ALL AUDIENCES.

Program Service Accomplishments

Program 1

Expenses: $4,199,433 Revenue: $1,806,018

THE MCKNIGHT CENTER COMPLETED ITS SIXTH SEASON OF OPERATIONS AND SERVED MORE TICKET BUYERS THAN ANY PREVIOUS YEAR. THROUGH A WIDE RANGE OF DIVERSE CONCERTS, INCLUDING MAJOR POP ARTISTS, BROADWAY...

THE MCKNIGHT CENTER COMPLETED ITS SIXTH SEASON OF OPERATIONS AND SERVED MORE TICKET BUYERS THAN ANY PREVIOUS YEAR. THROUGH A WIDE RANGE OF DIVERSE CONCERTS, INCLUDING MAJOR POP ARTISTS, BROADWAY TOURING SHOWS, CHAMBER MUSIC AND MAJOR SYMPHONY ORCHESTRAS, THE CENTER SERVED 23,970 TICKET BUYERS OVER THE COURSE OF THE SEASON AND TICKET SALES AND RELATED FEES AND COMMISSIONS GREW TO $1,731,012.

Program 2

Expenses: $145,980

THE MCKNIGHT CENTER OFFERS A WIDE RANGE OF FREE PROGRAMS TO SERVE THE STUDENTS AT OKLAHOMA STATE UNIVERSITY, THE STILLWATER COMMUNITY AND SURROUNDING AREAS. THROUGH MASTER CLASSES, YOUNG PEOPLES...

THE MCKNIGHT CENTER OFFERS A WIDE RANGE OF FREE PROGRAMS TO SERVE THE STUDENTS AT OKLAHOMA STATE UNIVERSITY, THE STILLWATER COMMUNITY AND SURROUNDING AREAS. THROUGH MASTER CLASSES, YOUNG PEOPLES CONCERTS AND SPECIAL LECTURE TOPICS, 5,664 STUDENTS BENEFITED FROM FREE LEARNING OPPORTUNITIES INCLUDING PRIMARY, SECONDARY AND UNIVERSITY STUDENTS. ADDITIONALLY, THE MCKNIGHT CENTER OFFERED FREE COMMUNITY ENGAGEMENT OPPORTUNITIES SUCH AS YOGA ON THE PLAZA WITH LIVE MUSIC AND A FREE MOVIE SERIES TO THE BROADER COMMUNITY, SERVING AN ADDITIONAL 1,108 PEOPLE.

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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 $1,520,129

Program Service Revenue $1,806,018

Investment Income $100,930

Other Revenue $0

TOTAL REVENUE $3,427,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,336,738

Fundraising Expenses $527,783

Program Expenses $4,345,413

Other Expenses $4,315,974

TOTAL EXPENSES $5,652,712

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,427,077	$2,628,288	+0.3%
Expenses	$5,652,712	$4,796,017	+0.2%
Net Income	$-2,225,635	$-2,167,729	+0.0%

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

128

Volunteers

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

$404,702

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSS MCKNIGHT	CHAIRMAN	1.00	Director	$0	$0	$0
CARL THOMA	VICE CHAIRMAN	1.00	Director	$0	$0	$0
GARY CLARK	SECRETARY	1.00	Director	$0	$0	$0
DAWN BARNARD	TREASURER	1.00	Director	$0	$0	$0
BLAIRE ATKINSON	TRUSTEE	1.00	Director	$0	$0	$0
JOE HALL	TRUSTEE	1.00	Director	$0	$0	$0
BILLIE MCKNIGHT	TRUSTEE	1.00	Director	$0	$0	$0
JIM HESS	TRUSTEE	1.00	Director	$0	$0	$0
KAYSE SHRUM	TRUSTEE	1.00	Director	$0	$0	$0
MARK BLAKEMAN	EXECUTIVE DIRECTOR	40.00	Officer	$261,060	$27,437	$288,497
LANELL DAVIS	DIRECTOR OF FINANCE	40.00	Officer	$98,805	$17,400	$116,205
JESSICA NOVAK	DIRECTOR OF MARKETING	40.00	Highest	$102,572	$6,619	$109,191
SVANO ASCANI	DIRECTOR OF ARTISTIC OPERATIONS	40.00	Highest	$105,805	$12,022	$117,827

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	$3,427,077	$5,652,712	$64,001,575	$-2,225,635
2024	$2,628,288	$4,796,017	$59,949,918	$-2,167,729
2023	$3,659,364	$4,595,805	$55,739,534	$-936,441
2022	$3,647,712	$4,214,340	$53,381,347	$-566,628
2021	$4,518,336	$1,813,129	$57,078,903	$2,705,207
2020	$3,862,579	$3,684,802	$44,968,233	$177,777
2019	$7,883,556	$1,227,039	$42,804,652	$6,656,517
2018	$890,133	$553,223	$34,093,918	$336,910

FOUNDATION FOR THE MCKNIGHT CENTER FOR THE PERFORMING ARTS