EDUCATION AND RECREATION INC

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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

2014

Legal Domicile

Principal Officer

CHARLES HARPER

Phone

9184303947

Tax Period

2024-01-01 to 2024-12-31

EDUCATION AND RECREATION INC, founded in 2014, is a small nonprofit in the Recreation & Sports sector that reported $283K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $446K exceeded revenue, resulting in a 57% operating deficit.

Mission

TO PROVIDE AN ACADEMIC ENRICHMENT AND FUN FACILITY FOR INNER-CITY YOUTH THAT WILL BUILD SELF-ESTEEM, IMPROVE ACADEMICS, ATHLETIC PERFORMANCE, AND GIVE AN INTRODUCTION TO BUSINESS SKILLS THAT WILL BUILD CHARACTER AND DEVELOP SELF DISCIPLINE.

Program Service Accomplishments

Program 1

Expenses: $431,846

TO DEVELOP AND REACH UNDERPRIVILEGED YOUNG PEOPLE BETWEEN THE AGES OF 12-18 WITHIN THE TULSA COMMUNITIES. THIS PROGRAM IS DESIGNED TO BUILD SELF- ESTEEM, IMPROVE ACADEMIC PERFORMANCE THROUGH...

TO DEVELOP AND REACH UNDERPRIVILEGED YOUNG PEOPLE BETWEEN THE AGES OF 12-18 WITHIN THE TULSA COMMUNITIES. THIS PROGRAM IS DESIGNED TO BUILD SELF- ESTEEM, IMPROVE ACADEMIC PERFORMANCE THROUGH AFTER-SCHOOL TUTORING, SUMMER EDUCATIONAL AND ATHLETIC CAMPS, PERFORMING ARTS, COMPUTER LITERACY, YOUTH FINANCIAL LITERACY, COLLEGE PREP COURSES, GED TUTORIAL, AND YOUTH COUNSELING OFFERED THROUGH THE EDUCATION-RECREATION (EDU-REC) YOUTH PROJECT. THESE PROGRAMS ARE FOR YOUTH TO UTILIZE AS A TOOL TO MAKE RIGHT CHOICES AND DECISIONS, TO REMAIN SELF-SUFFICIENT, AND TO BE AN ASSET IN THE COMMUNITY.

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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 $234,119

Program Service Revenue $5,077

Investment Income $0

Other Revenue $44,235

TOTAL REVENUE $283,431

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,277

Program Expenses $431,846

Other Expenses $446,304

TOTAL EXPENSES $446,304

Year-over-Year Comparison

	2024	2023	Change
Revenue	$283,431	$361,603	-0.2%
Expenses	$446,304	$375,044	+0.2%
Net Income	$-162,873	$-13,441	+11.1%

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

200

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
DR RICK BEWLEY	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
JOYCE COOPER	BOARD MEMBER	N/A	Director	$0	$0	$0
MELVIN COOPER	BOARD PRESID	N/A	Officer Director	$0	$0	$0
CHARLES HARPER	EXECUTIVE DI	N/A	Director	$0	$0	$0
DAMALI WILSON	EXEC. DIR. O	N/A	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	$283,431	$446,304	$1,421,551	$-162,873
2023	$361,603	$375,044	$1,501,095	$-13,441
2022	$254,448	$301,820	$1,533,663	$-47,372
2021	$762,649	$474,431	$1,621,336	$288,218
2020	$229,192	$267,298	$1,632,572	$-38,106
2019	$144,472	$152,367	$1,335,581	$-7,895
2018	$168,790	$152,701	$1,347,755	$16,089