COWBOY ATHLETICS INC

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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

2002

Legal Domicile

Principal Officer

CHAD WEIBERG

Phone

4057442788

Tax Period

2024-01-01 to 2024-12-31

COWBOY ATHLETICS INC, founded in 2002, is a mid-sized nonprofit in the Recreation & Sports sector that reported $35.8M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13.3M, a strong 37% operating margin.

Mission

TO SUPPORT FIRST THE ENTIRE DEPARTMENT OF INTERCOLLEGIATE ATHLETICS AT OKLAHOMA STATE UNIVERSITY AND SECOND OTHER EDUCATIONAL PROGRAMS AT OSU. [CONTINUED ON SCHEDULE O] THE MISSION OF THE FOLLOWING THREE WHOLLY OWNED LIMITED LIABILITY COMPANIES ARE AS FOLLOWS:OSU COWBOY GOLF, LLC WAS FORMED PRIMARILY TO SUPPORT THE OKLAHOMA STATE UNIVERSITY MEN'S AND WOMEN'S GOLF TEAMS.COWBOY ATHLETIC FACILITIES, LLC WAS FORMED TO OVERSEE CONSTRUCTION ACTIVITIES WITH RESPECT TO IMPROVEMENTS BEING MADE ON REAL PROPERTY OWNED BY ATHLETES AND OTHERS ASSOCIATED WITH OKLAHOMA STATE UNIVERSITY.OSU COWBOY DINING, LLC FORMED TO PROVIDE FOOD SERVICES TO THE STUDENT ATHLETES AND OTHERS ASSOCIATED WITH OKLAHOMA STATE UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $20,688,529 Revenue: $371,633

COWBOY ATHLETICS, INC. (CAI) PROVIDES SUPPORT TO THE ENTIRE DEPARTMENT OF INTERCOLLEGIATE ATHLETICS AT OKLAHOMA STATE UNIVERSITY (OSU). CAI ALSO PROVIDES SUPPORT TO OTHER EDUCATIONAL PROGRAMS AT OSU. THESE FUNDS ARE PROVIDED THROUGH GRANTS AND CAPITAL ASSET TRANSFERS. COWBOY ATHLETIC FACILITIES, LLC, A RELATED ORGANIZATION, IS ORGANIZED TO CONDUCT CONSTRUCTION ACTIVITIES FOR THE BENEFIT OF THE UNIVERSITY.

Program 2

Expenses: $508,708 Revenue: $4,495,061

OSU COWBOY DINING, LLC IS ORGANIZED TO PROVIDE DINING SERVICES FOR THE UNIVERSITY'S ATHLETIC DEPARTMENT, ITS STUDENTS, AND OTHERS ASSOCIATED WITH THE UNIVERSITY, AS WELL AS OTHER EVENTS.

Program 3

Expenses: $745,558 Revenue: $1,444,061

OSU COWBOY GOLF, LLC IS ORGANIZED TO OPERATE A GOLF COURSE (KARSTEN CREEK) AND RELATED FACILITIES IN STILLWATER, OKLAHOMA. THE GOLF COURSE IS PRIMARILY UTILIZED AS A TEACHING AND PRACTICE FACILITY BY THE UNIVERSITY'S MEN'S AND WOMEN'S GOLF TEAMS. USE OF THE COURSE IS ALSO OPEN TO GOLF COURSE MEMBERS AND OTHERS BASED ON ESTABLISHED MEMBERSHIP AND USAGE FEE SCHEDULES.

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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 $31,183,394

Program Service Revenue $7,145,640

Investment Income $-2,832,264

Other Revenue $320,157

TOTAL REVENUE $35,816,927

Expense Breakdown

Grants Paid $11,505,178

Salaries & Benefits $4,473,817

Fundraising Expenses $0

Program Expenses $21,977,961

Other Expenses $6,582,753

TOTAL EXPENSES $22,561,748

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,816,927	$22,091,148	+0.6%
Expenses	$22,561,748	$10,255,586	+1.2%
Net Income	$13,255,179	$11,835,562	+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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

334

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

$1,545,814

Total Directors

$1,274,080

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD WEIBERG	PRESIDENT	5.00	Officer Director	$0	$74,843	$834,889
REID SIGMON	VICE PRESIDENT	5.00	Officer	$0	$50,388	$453,207
KYLE WRAY	DIRECTOR	3.00	Director	$0	$46,128	$439,191
KYLE CALLAHAN	GOLF COURSE SUPERINTENDENT	45.00	Highest	$280,416	$31,844	$312,260
JASON LEWIS	TREASURER/SECRETARY	5.00	Officer	$0	$45,588	$257,718
TRAVIS LEVINGS	MAINTENANCE SUPERINTENDENT	45.00	Highest	$149,615	$11,860	$161,475
BENJAMIN CRAWFORD	COWBOY DINING DIRECTOR	45.00	Highest	$148,654	$14,210	$162,864
VALERIA MEJIA	GENERAL MANAGER OF COWBOY GOLF	45.00	Highest	$110,394	$5,623	$116,017
JOHN CLERICO	DIRECTOR	3.00	Director	$0	$0	$0
RICK COOPER	DIRECTOR	3.00	Director	$0	$0	$0
JIM GRIFFITH	DIRECTOR	3.00	Director	$0	$0	$0
JOE HALL	DIRECTOR	3.00	Director	$0	$0	$0
ROSS MCKNIGHT	DIRECTOR	3.00	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	$35,816,927	$22,561,748	$71,354,037	$13,255,179
2023	$22,091,148	$10,255,586	$58,344,340	$11,835,562
2022	$21,315,644	$12,808,377	$44,747,066	$8,507,267
2021	$12,581,586	$9,792,305	$36,828,102	$2,789,281
2019	$142,292,630	$23,982,047	$122,470,364	$118,310,583
2018	$54,326,709	$21,690,011	$98,837,445	$32,636,698