THE ALLIANCE FOR ECONOMIC DEVELOPMENT OF OKLAHOMA CITY INC

EIN: 452034774 Community Improvement

OKLAHOMA CITY, OK

Total Revenue
$3,561,551
Total Expenses
$9,545,290
Total Assets
$9,502,468
Net Assets
$9,502,468
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
OK
Principal Officer
KENTON TSOODLE
Phone
4056046780
Tax Period
2023-07-01 to 2024-06-30

THE ALLIANCE FOR ECONOMIC DEVELOPMENT OF OKLAHOMA CITY INC, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $3.6M in total revenue in fiscal year 2023. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $9.5M exceeded revenue, resulting in a 168% operating deficit.

Mission

TO FOSTER ECONOMIC DEVELOPMENT THROUGH PRIVATE AND PUBLIC COLLABORATIONS TO CREATE NEW JOB OPPORTUNITIES AND BRING ABOUT URBAN REDEVELOPMENT BY MEANS OF CONSOLIDATED AND COORDINATED PUBLIC AGENCY ECONOMIC DEVELOPMENT FUNCTIONS.

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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 $0
Program Service Revenue $3,065,755
Investment Income $495,496
Other Revenue $300
TOTAL REVENUE $3,561,551

Expense Breakdown

Grants Paid $6,843,098
Salaries & Benefits $1,731,469
Fundraising Expenses $0
Program Expenses $8,939,686
Other Expenses $970,723
TOTAL EXPENSES $9,545,290

Year-over-Year Comparison

2023 2022 Change
Revenue $3,561,551 $14,065,207 -0.7%
Expenses $9,545,290 $7,622,375 +0.3%
Net Income $-5,983,739 $6,442,832 -1.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
16
Volunteers
11

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
2
$563,012
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
J LARRY NICHOLS DIRECTOR 0.20
Director
$0 $0 $0
RONALD J NORICK DIRECTOR 0.20
Director
$0 $0 $0
CLAYTON I BENNETT DIRECTOR 0.20
Director
$0 $0 $0
DEBRA V HAMPTON DIRECTOR 0.20
Director
$0 $0 $0
CRAIG FREEMAN DIRECTOR 0.20
Director
$0 $0 $0
TONY J TYLER DIRECTOR 0.20
Director
$0 $0 $0
MICHAEL BROOKS-JIMINEZ DIRECTOR 0.20
Director
$0 $0 $0
JAMES R TOLBERT III DIRECTOR 0.20
Director
$0 $0 $0
COUNCILWOMAN BARBARA PECK DIRECTOR 0.20
Director
$0 $0 $0
ROY H WILLIAMS DIRECTOR 0.20
Director
$0 $0 $0
RHONDA HOOPER DIRECTOR 0.20
Director
$0 $0 $0
GERI HARLAN CFO 40.00
Officer
$200,863 $21,293 $222,156
KENTON TSOODLE PRESIDENT 40.00
Officer
$282,278 $58,578 $340,856
J KEITH KUHLMAN DIRECTOR OF SPECIAL PROJEC 40.00
Highest
$125,930 $7,715 $133,645
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 $3,561,551 $9,545,290 $9,502,468 $-5,983,739
2023 $14,065,207 $7,622,375 $15,486,207 $6,442,832
2022 $10,951,032 $2,739,918 $9,043,375 $8,211,114
2021 $5,568,089 $4,649,730 $832,261 $918,359
2020 $1,756,997 $1,900,756 $68,540 $-143,759
2019 $1,576,489 $1,525,979 $57,661 $50,510
2018 $1,538,658 $1,546,653 $7,151 $-7,995
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