OKLAHOMA LIFE SKILLS ASSOCIATION

EIN: 020645322 501(c)(3) Education

Tulsa, OK

Total Revenue
$270,079
Total Expenses
$278,043
Total Assets
$62,142
Net Assets
$55,931
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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
2003
Legal Domicile
OK
Principal Officer
Joanne Williams
Phone
9188369464
Tax Period
2022-01-01 to 2022-12-31

OKLAHOMA LIFE SKILLS ASSOCIATION, founded in 2003, is a small nonprofit in the Education sector that reported $270K in total revenue in fiscal year 2022.

Mission

Inclusion for All. To offer childcare to low to moderate income families who have a child diagnosed with a special need thus allowing caregivers to sustain employment or attend school.

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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 (2022)

Revenue Breakdown

Contributions & Grants $226,073
Program Service Revenue $0
Investment Income $0
Other Revenue $44,006
TOTAL REVENUE $270,079

Expense Breakdown

Grants Paid $0
Salaries & Benefits $163,998
Fundraising Expenses $0
Program Expenses $232,407
Other Expenses $114,045
TOTAL EXPENSES $278,043

Year-over-Year Comparison

2022 2021 Change
Revenue $270,079 $262,570 +0.0%
Expenses $278,043 $278,560 0.0%
Net Income $-7,964 $-15,990 -0.5%
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

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Governance

Voting Members
4
Independent Members
3
Employees
13
Volunteers
10

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
3
$0
Total Directors
0
$0
Key Employees
2
$45,636
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Laura Williams Director of Childcare 40
Key Emp
$36,900 $0 $36,900
Joanne Williams Executive Director 32
Key Emp
$8,736 $0 $8,736
Shelby Bull Board 0
Officer
$0 $0 $0
L Baker Board 0
Officer
$0 $0 $0
N Trobare Board 0
Officer
$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
2022 $270,079 $278,043 $62,142 $-7,964
2021 $262,570 $278,560 $69,869 $-15,990
2020 $321,429 $260,603 $81,306 $60,826
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