OKLAHOMA FOUNDATION FOR CAREER AND TECH ED INC (EIN 237085697) - Form 990 Financial Analysis & Trantor Score

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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

1970

Legal Domicile

Phone

4057436825

Tax Period

2024-01-01 to 2024-12-31

OKLAHOMA FOUNDATION FOR CAREER AND TECH ED INC, founded in 1970, is a small nonprofit that reported $679K in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $368K, a strong 54% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS TO STUDENTS SEEKING A JOB IN A CAREER AND TECHNOLOGY PROGRAM OF STUDY AND TO PROVIDE SUPPORT TO THE OKLAHOMA CAREER TECH SYSTEM.

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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 $1,080

Program Service Revenue $572,369

Investment Income $105,535

Other Revenue $0

TOTAL REVENUE $678,984

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $259,367

Other Expenses $305,145

TOTAL EXPENSES $311,145

Year-over-Year Comparison

	2024	2023	Change
Revenue	$678,984	$418,680	+0.6%
Expenses	$311,145	$214,515	+0.5%
Net Income	$367,839	$204,165	+0.8%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL BERKENBILE	PRESIDENT	2.00	Officer Director	$0	$0	$0
KENT BURRIS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BRANDON BAUMGARTEN	TREASURER	2.00	Officer Director	$0	$0	$0
GLEN COSPER	MEMBER	2.00	Director	$0	$0	$0
TOM FRIEDEMANN	MEMBER	2.00	Director	$0	$0	$0
BRENT HAKEN	STATE DIRECTOR	2.00	Director	$0	$0	$0
GINA HUBBARD	AGENCY LIASON	2.00	Director	$0	$0	$0
DWIGHT HUGHES	MEMBER	2.00	Director	$0	$0	$0
MCGREGOR PAT	MEMBER	2.00	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
2025	No data	No data	No data	No data
2024	$678,984	$311,145	$2,584,268	$367,839
2023	$418,680	$214,515	$2,216,429	$204,165
2022	$309,488	$239,298	$2,012,264	$70,190
2021	$316,826	$318,086	$1,942,074	$-1,260
2020	$278,130	$282,163	$1,943,334	$-4,033
2019	$313,904	$359,050	$1,947,367	$-45,146
2018	$262,430	$278,977	$1,992,513	$-16,547

OKLAHOMA FOUNDATION FOR CAREER AND TECH ED INC