THE CITY LIGHTS FOUNDATION OF OKLAHOMA (EIN 474362563) - 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

2015

Legal Domicile

Principal Officer

SARAH GROUNDS

Phone

9182049595

Tax Period

2024-01-01 to 2024-12-31

THE CITY LIGHTS FOUNDATION OF OKLAHOMA, founded in 2015, is a community nonprofit in the Human Services sector that reported $6.3M in total revenue in fiscal year 2024. Revenue surged 198% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.5M, a strong 87% operating margin.

Mission

WE SERVE TULSA'S HOMELESS AND LOW-INCOME COMMUNITY THROUGH MULTIPLE PROGRAMS THAT PROVIDE BASIC NEEDS, BUILD RELATIONSHIPS AND PROVIDE HOPE AND RESTORATION.

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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 $6,141,001

Program Service Revenue $0

Investment Income $122,436

Other Revenue $30,058

TOTAL REVENUE $6,293,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $419,564

Fundraising Expenses $193,667

Program Expenses $442,562

Other Expenses $305,710

TOTAL EXPENSES $801,724

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,293,495	$2,115,308	+2.0%
Expenses	$801,724	$765,038	+0.0%
Net Income	$5,491,771	$1,350,270	+3.1%

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

Volunteers

4000

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

$90,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD WELSH	PRESIDENT	5.00	Officer Director	$0	$0	$0
DAMON DOMER	SECRETARY	2.00	Officer Director	$0	$0	$0
CHEYENE CHARLES	BOARD MEMBER	2.00	Director	$0	$0	$0
LENARD TARKINGTON	BOARD MEMBER	2.00	Director	$0	$0	$0
RILEY KERN	BOARD MEMBER	2.00	Director	$0	$0	$0
KOJO ASOMOA-CAESAR	BOARD MEMBER	2.00	Director	$0	$0	$0
SAMUEL KURTZ	BOARD MEMBER	2.00	Director	$0	$0	$0
SARAH GROUNDS	EXECUTIVE DIRECTOR	40.00	Officer	$90,000	$0	$90,000
CATIE COULTER	VICE PRESIDENT	5.00	Officer	$0	$0	$0
ERIN KELLEY	TREASURER	2.00	Officer	$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	$6,293,495	$801,724	$8,134,150	$5,491,771
2023	$2,115,308	$765,038	$2,642,379	$1,350,270
2022	$983,346	$1,060,873	$1,292,109	$-77,527
2022	$1,241,079	$1,078,978	$1,292,109	$162,101
2021	$2,965,840	$2,460,891	$1,667,914	$504,949
2020	$1,371,059	$1,276,258	$294,815	$94,801
2019	$320,254	$285,966	$200,014	$34,288
2018	$251,364	$208,788	$165,726	$42,576

THE CITY LIGHTS FOUNDATION OF OKLAHOMA