OKLAHOMA EDUCATIONAL TECHNOLOGY TRUST (EIN 306006962) - 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

2001

Legal Domicile

Principal Officer

BOB STAFFORD

Phone

4057555571

Tax Period

2024-01-01 to 2024-12-31

OKLAHOMA EDUCATIONAL TECHNOLOGY TRUST, founded in 2001, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $2.3M left a modest 12% surplus.

Mission

TO PROVIDE FUNDING FOR THE PURCHASE, INSTALLATION, AND MAINTENANCE OF INFORMATION TECHNOLOGY IN THE COMMON AND CAREERTECH SCHOOLS OF THE STATE OF OKLAHOMA AND TO PROVIDE PROFESSIONAL DEVELOPMENT TO THE SCHOOLS TO ASSIST THEM WITH INTEGRATING THE TECHNOLOGY INTO THEIR CLASSROOMS.

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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 $0

Program Service Revenue $0

Investment Income $2,599,462

Other Revenue $0

TOTAL REVENUE $2,599,462

Expense Breakdown

Grants Paid $1,867,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,034,000

Other Expenses $410,229

TOTAL EXPENSES $2,277,729

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,599,462	$2,825,221	-0.1%
Expenses	$2,277,729	$1,485,076	+0.5%
Net Income	$321,733	$1,340,145	-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

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
GLEN ABSHERE	TRUSTEE	1.00	Director	$0	$0	$0
SCOUT ANVAR	TRUSTEE	1.00	Director	$0	$0	$0
ANN BANDY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRUCE DEMUTH	TRUSTEE	1.00	Director	$0	$0	$0
JOSH MCFARLAND	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT PARKS	TRUSTEE	1.00	Director	$0	$0	$0
DR JOE SIANO	SECRETARY	1.00	Officer Director	$0	$0	$0
BOB STAFFORD	CHAIR	1.00	Officer Director	$0	$0	$0
MARK VANCURREN	TRUSTEE	1.00	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	$2,599,462	$2,277,729	$44,299,565	$321,733
2023	$2,825,221	$1,485,076	$43,037,679	$1,340,145
2022	$1,168,915	$2,056,554	$38,776,115	$-887,639
2021	$3,577,888	$1,398,843	$45,940,981	$2,179,045
2020	$1,501,565	$1,817,609	$42,040,105	$-316,044
2019	$1,614,613	$1,860,289	$39,131,883	$-245,676
2018	$4,820,924	$1,770,342	$34,562,623	$3,050,582

OKLAHOMA EDUCATIONAL TECHNOLOGY TRUST