OKLAHOMA FAIR TAX INC (EIN 263977798) - 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

2009

Legal Domicile

Principal Officer

BILLY D HARRINGTON

Phone

9183714181

Tax Period

2022-01-01 to 2022-12-31

OKLAHOMA FAIR TAX INC, founded in 2009, is a micro nonprofit that reported $350 in total revenue in fiscal year 2022. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $465 exceeded revenue, resulting in a 33% operating deficit.

Mission

EDUCATION AND EMPOWERMENT OF OKLAHOMA CITIZENS FOR SUPPORT OF PASSAGE OF THE FAIRTAX ACT OF 2009. ALSO, TO WORK FOR THE REPEAL OF THE 16TH AMENDMENT OF THE US CONSTITUTION. EFFORTS SHALL INCLUDE THE PASSAGE OF STATE AND LOCAL TAX MEASURES TO HARMONIZE STATE AND LOCAL TAX LAWS WITH THE FEDERAL FAIRTAX ACT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $350

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $465

TOTAL EXPENSES $465

Year-over-Year Comparison

	2022	2021	Change
Revenue	$350	$850	-0.6%
Expenses	$465	$433	+0.1%
Net Income	$-115	$417	-1.3%

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
BILLY HARRINGTON	MANAGING DIRECTOR	001.00	Director	$0	$0	$0
ROBERT SEMANDS	ASSISTANT MANAGING DIRECTOR	001.00	Director	$0	$0	$0
KAYE SEMANDS	SECRETARY	001.00	Director	$0	$0	$0
RANDALL W JARMAN	TREASURER	001.00	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
2022	$350	$465	$4,203	$-115
2021	$850	$433	$4,286	$417
2020	$595	$1,583	$5,019	$-988
2019	$950	$714	$5,138	$236
2018	$1,916	$1,267	$4,188	$649

OKLAHOMA FAIR TAX INC