Broken Arrow Economic Development Corporation

EIN: 205872308 Community Improvement

Broken Arrow, OK

Total Revenue
$1,051,430
Total Expenses
$978,653
Total Assets
$1,816,043
Net Assets
$1,557,677
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
OK
Principal Officer
Jennifer Conway
Phone
9182511518
Tax Period
2023-01-01 to 2023-12-31

Broken Arrow Economic Development Corporation, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $979K left a modest 7% surplus.

Mission

To create and/or operate citywide and multi-county economic development programs and activities that result in the creation and retention of jobs and capital within the City of Broken Arrow and surrounding area

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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 $354,220
Program Service Revenue $696,707
Investment Income $503
Other Revenue $0
TOTAL REVENUE $1,051,430

Expense Breakdown

Grants Paid $17,498
Salaries & Benefits $0
Fundraising Expenses $75,737
Program Expenses $469,698
Other Expenses $961,155
TOTAL EXPENSES $978,653

Year-over-Year Comparison

2023 2022 Change
Revenue $1,051,430 $2,135,482 -0.5%
Expenses $978,653 $822,508 +0.2%
Net Income $72,777 $1,312,974 -0.9%
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
12
Independent Members
12
Employees
N/A
Volunteers
162

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
5
$229,489
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Davis Robson Chairman 1.00
Officer Director
$0 $0 $0
Gregory Graham Vice Chair 1.00
Officer Director
$0 $0 $0
Dr Steve Tiger Secretary 1.00
Officer Director
$0 $0 $0
Brandy Moore Treasurer 1.00
Officer Director
$0 $0 $0
Ben Buie Chamber Representative 1.00
Director
$0 $0 $0
Steve Allen BAPS Representative 1.00
Director
$0 $0 $0
Jennifer York-Jezek Member 1.00
Director
$0 $0 $0
Matthew Adams Member 1.00
Director
$0 $0 $0
Kyle Al-Rifai Member 1.00
Director
$0 $0 $0
Terra Branson Member 1.00
Director
$0 $0 $0
Jason Hudson Member 1.00
Director
$0 $0 $0
Debra Wimpee Member 1.00
Director
$0 $0 $0
Jennifer Conway President/CEO 20.00
Officer
$0 $53,429 $229,489
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 $1,051,430 $978,653 $1,816,043 $72,777
2022 $2,135,482 $822,508 $1,786,898 $1,312,974
2021 $633,130 $632,052 $261,269 $1,078
2020 $766,064 $715,412 $170,898 $50,652
2019 $293,261 $303,189 $120,196 $-9,928
2018 $560,086 $527,585 $132,721 $32,501
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