Opportunity International

The information on this page was last updated 4/25/2024. If you see errors or omissions, please email: [email protected]


Summary

Opportunity International designs, delivers, and scales innovative financial solutions that help families living in extreme poverty build sustainable livelihoods and access quality education for their children. We equip families with the tools and training they need to build their businesses, improve their harvests, provide for their families, send their children to school, and break the cycle of poverty.


Contact information

Mailing address:
Opportunity International
P.O. Box 2826
Carol Stream, IL 60132-2826

Website: www.opportunity.org

Phone: 800-793-9455

Email: [email protected]


Organization details

EIN: 540907624

CEO/President: Atul Tandon

Chairman: LeAnn Pope

Board size: 12

Founder: Al Whittaker, David Bussau

Ruling year: 1973

Tax deductible: Yes

Fiscal year end: 09/30

Member of ECFA: No

Member of ECFA since:


Purpose

Our vision is a world in which all people have the opportunity to achieve a life free from poverty, with dignity and purpose.

We respond to Jesus Christ's call to love and serve the poor. We seek to emulate the Good Samaritan, whose compassion crossed ethnic groups and religions. We serve all people regardless of religion, race, ethnicity, or gender.


Mission statement

By providing financial solutions and training, we empower people living in poverty to transform their lives, their children's futures and their communities.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating978 of 111073 of 88
Fund acquisition rating964 of 111175 of 88
Resource allocation rating594 of 111147 of 88
Asset utilization rating932 of 111073 of 88

Financial ratios

Funding ratiosSector median20222021201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%17%16%17%14%17%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%10%7%5%4%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%61%47%28%30%28%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%11%9%5%5%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%39%53%72%70%72%
 
Operating ratiosSector median20222021201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%85%88%93%92%92%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%94%85%92%91%101%
Program output ratio Program output ratio =
Program services /
Total revenue
82%80%74%86%84%93%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%6%15%8%9%-1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%9%26%14%18%-2%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
6%4%4%2%3%3%
 
Investing ratiosSector median20222021201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.510.620.520.280.290.31
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.231.441.543.453.463.29
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.890.890.810.981.001.02
 
Liquidity ratiosSector median20222021201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
16.125.546.643.614.393.71
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.180.150.280.230.27
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.8211.0312.638.859.288.60
 
Solvency ratiosSector median20222021201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%53%63%83%83%83%
Debt ratio Debt ratio =
Debt /
Total assets
0%5%7%16%19%19%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
60%76%71%61%57%56%

Financials

Balance sheet
 
Assets20222021201920182017
Cash$29,532,301$40,649,034$55,089,813$57,978,536$57,684,464
Receivables, inventories, prepaids$15,676,132$14,971,572$15,219,263$19,019,724$19,476,896
Short-term investments$5,803,431$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$51,011,864$55,620,606$70,309,076$76,998,260$77,161,360
Long-term investments$611,151$820,872$701,501$621,055$560,650
Fixed assets$3,552,681$2,598,147$11,599,068$6,568,993$6,448,978
Other long-term assets$18,071,092$26,627,330$160,149,299$181,935,513$169,757,491
Total long-term assets$22,234,924$30,046,349$172,449,868$189,125,561$176,767,119
Total assets$73,246,788$85,666,955$242,758,944$266,123,821$253,928,479
 
Liabilities20222021201920182017
Payables and accrued expenses$8,540,600$6,116,252$14,545,814$12,944,935$16,579,556
Other current liabilities$669,372$2,265,630$4,924,783$4,575,469$4,237,692
Total current liabilities$9,209,972$8,381,882$19,470,597$17,520,404$20,817,248
Debt$3,990,075$5,878,470$38,955,778$51,428,600$48,117,259
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$25,395,560$39,381,444$142,301,908$153,142,974$140,856,758
Total long-term liabilities$29,385,635$45,259,914$181,257,686$204,571,574$188,974,017
Total liabilities$38,595,607$53,641,796$200,728,283$222,091,978$209,791,265
 
Net assets20222021201920182017
Without donor restrictions$14,336,726$15,722,105$29,281,969$31,022,500$25,860,135
With donor restrictions$20,314,455$16,303,054$12,748,692$13,009,343$18,277,079
Net assets$34,651,181$32,025,159$42,030,661$44,031,843$44,137,214
 
Revenues and expenses
 
Revenue20222021201920182017
Total contributions$29,699,588$25,064,936$21,108,224$25,788,125$21,636,368
Program service revenue$18,649,693$27,817,048$53,634,488$59,181,380$56,810,492
Membership dues$0$0$0$0$0
Investment income$184,434$182,035($34,678)($233,723)($558,161)
Other revenue$0$0$0$0$0
Total other revenue$18,834,127$27,999,083$53,599,810$58,947,657$56,252,331
Total revenue$48,533,715$53,064,019$74,708,034$84,735,782$77,888,699
 
Expenses20222021201920182017
Program services$38,779,065$39,297,052$63,882,547$70,956,064$72,189,391
Management and general$1,632,962$1,665,531$1,512,146$2,254,630$2,688,617
Fundraising$5,073,589$3,914,213$3,561,431$3,719,176$3,700,189
Total expenses$45,485,616$44,876,796$68,956,124$76,929,870$78,578,197
 
Change in net assets20222021201920182017
Surplus (deficit)$3,048,099$8,187,223$5,751,910$7,805,912($689,498)
Other changes in net assets$0$0$0$0$0
Total change in net assets$3,048,099$8,187,223$5,751,910$7,805,912($689,498)

Compensation

NameTitleCompensation
Atul TandonCEO$551,738
Randy KurtzExec Vp, Int'l Programs & Cap Solutions$431,322
Mark K LutzSVP, Philanthropy$347,607
Mauricio Agudelo RinconVP, Corporate Development$284,460
Gregory E RothSVP, Philanthropy$281,567
Margaret TomasikSVP Finance & Treasurer$257,521
Dennis W RipleyChief Program Officer$256,584
Amelia S HaiducManaging Director, Strateg$247,807
David WiegmanChief of Staff & Secretary$207,632
Mary BarryDirector, Office of CEO & Asst Sec$131,186

Compensation data as of: 9/30/2022


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 4/25/2024. To update the information below, please email: [email protected]


History

In 1971, Al Whittaker, president of Bristol-Meyers International Corporation, asked poor people, "What do you need?" They answered, "We need work. With jobs we will solve our own problems." Whittaker acted on that answer and founded the first Opportunity program in Latin America. In 1981 Al Whittaker, President Opportunity International, retired and is Chairman Emeritus.

In 1976, David Bussau, an Australian entrepreneur, founded a similar program in Indonesia. Three years later, the two programs united. Poor people on two continents proved that with small loans to start up or expand micro-businesses and cottage industries they could support their families. The Opportunity Network now has partners in 29 countries, in Africa, Asia, Latin America and Eastern Europe.


Program accomplishments


Needs