KAPS FOUNDATION CO TULSA COMMUNITY FOUNDATION

EIN: 463382912 501(c)(3) Community Improvement

TULSA, OK

Total Revenue
$173,783
Total Expenses
$219,090
Total Assets
$4,065,292
Net Assets
$4,065,292
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
OK
Phone
9184948823
Tax Period
2024-01-01 to 2024-12-31

KAPS FOUNDATION CO TULSA COMMUNITY FOUNDATION, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $174K in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. Expenses of $219K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE KAPS FOUNDATION WAS ORGANIZED FOR THE SPECIFIC AND PRIMARY PURPOSE OF BENEFITING, PERFORMING THE FUNCTIONS OF, OR CARRYING OUT THE PURPOSE OF THAT CLASS OF PUBLICLY SUPPORTED ORGANIZATIONS, INCLUDING TULSA COMMUNITY FOUNDATION, THAT ARE DESCRIBED IN SECTIONS 501(C)(3) AND 509(A)(1) OR (2) OF THE INTERNAL REVENUE CODE, AND THAT ENGAGE IN CHARITABLE ACTIVITIES WHICH ARE CONSISTENT WITH THE CHARITABLE PURPOSES OF TULSA COMMUNITY FOUNDATION. THE KAPS FOUNDATION'S MISSION IS TO ENHANCE THE QUALITY OF LIFE FOR THE CITIZENS OF TULSA, AND TO SUPPORT ARTISTIC, EDUCATIONAL, CHARITABLE, RELIGIOUS AND OTHER NON-PROFIT ORGANIZATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $172,649
Other Revenue $1,134
TOTAL REVENUE $173,783

Expense Breakdown

Grants Paid $204,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $204,000
Other Expenses $15,090
TOTAL EXPENSES $219,090

Year-over-Year Comparison

2024 2023 Change
Revenue $173,783 $101,892 +0.7%
Expenses $219,090 $226,947 0.0%
Net Income $-45,307 $-125,055 -0.6%
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
7
Independent Members
6
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
0
$0
Total Directors
7
$990,711
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHIL LAKIN TCF CL DIRECTOR 1.00
Director
$0 $82,930 $725,134
MIKE DODSON TCF CL DIRECTOR 1.00
Director
$0 $29,300 $265,577
ROBERT THOMAS TCF CL DIRECTOR 1.00
Director
$0 $0 $0
KIMBERLEE JORDAN TCF CL DIRECTOR 1.00
Director
$0 $0 $0
CARLA GILBERT TCF CL DIRECTOR 1.00
Director
$0 $0 $0
KAREN STEPHENSON Director 1.00
Director
$0 $0 $0
LEIGH GRAVES Director 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 $173,783 $219,090 $4,065,292 $-45,307
2023 $101,892 $226,947 $3,954,215 $-125,055
2022 $468,079 $147,792 $3,785,452 $320,287
2021 $280,350 $233,056 $3,889,337 $47,294
2019 $32,294 $64,507 $3,899,328 $-32,213
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