36 DEGREES NORTH CO (EIN 475435463) - 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

2016

Legal Domicile

Principal Officer

THOMAS DEVON LANEY

Phone

9188443550

Tax Period

2024-01-01 to 2024-12-31

36 DEGREES NORTH CO, founded in 2016, is a community nonprofit in the Community Improvement sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 24% operating margin.

Mission

36 DEGREES NORTH CO. WILL EXIST FOR THE CHARITABLE PURPOSE OF EDUCATING AND SUPPORTING ASPIRING ENTREPRENEURS, WHO IN TURN WILL ADVANCE ECONOMIC OPPORTUNITY AND EMPLOYMENT IN TULSA AND THE REGION. 36 DEGREES NORTH WILL ALLOCATE APPROXIMATELY 33% OF ITS TIME TO EACH OF THREE MAIN ACTIVITIES: EDUCATION, NETWORKING, AND MENTORING.

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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 $3,880,725

Program Service Revenue $231,466

Investment Income $83,637

Other Revenue $0

TOTAL REVENUE $4,195,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,177,413

Fundraising Expenses $0

Program Expenses $1,991,789

Other Expenses $2,004,807

TOTAL EXPENSES $3,182,220

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,195,828	$2,860,560	+0.5%
Expenses	$3,182,220	$2,695,394	+0.2%
Net Income	$1,013,608	$165,166	+5.1%

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

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

$333,323

Total Directors

$333,323

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS DEVON LANEY	PRESIDENT & CEO	40.00	Officer Director	$239,021	$0	$239,021
JAMIE LEUPEN	SECRETARY	40.00	Officer Director	$94,302	$0	$94,302
JAY CALHOUN	DIRECTOR	2.00	Director	$0	$0	$0
MEREDITH PEEBLES	DIRECTOR	2.00	Director	$0	$0	$0
SARAH TEAGUE	DIRECTOR	2.00	Director	$0	$0	$0
MALACHI BLANKSHIP	DIRECTOR	2.00	Director	$0	$0	$0
JUSTIN HARLAN	DIRECTOR	2.00	Director	$0	$0	$0
KIAN KAMAS	DIRECTOR	2.00	Director	$0	$0	$0
JASON LUDWIG	DIRECTOR	2.00	Director	$0	$0	$0
JUSTIN MCLAUGHLIN	DIRECTOR	2.00	Director	$0	$0	$0
ASHLI SIMS	DIRECTOR	2.00	Director	$0	$0	$0
KENNY OSBORN	DIRECTOR	2.00	Director	$0	$0	$0
TRACY POOLE	DIRECTOR	2.00	Director	$0	$0	$0
ROSE WASHINGTON	DIRECTOR	2.00	Director	$0	$0	$0
LIBBY EDIGER	DIRECTOR	2.00	Director	$0	$0	$0
REID SPEARS	CHAIR	2.00	Officer Director	$0	$0	$0
TONY HEABERLIN	DIRECTOR	2.00	Director	$0	$0	$0
AARON SPOON	DIRECTOR	2.00	Director	$0	$0	$0
DR MARTHA ZAPATA	DIRECTOR	2.00	Director	$0	$0	$0
TYLER CORTEZ	DIRECTOR	2.00	Director	$0	$0	$0
LAWRENCE WATKINS	DIRECTOR	2.00	Director	$0	$0	$0
TYRANCE BILLINGSLEY II	DIRECTOR	2.00	Director	$0	$0	$0
CANEM ARKAN	DIRECTOR	2.00	Director	$0	$0	$0
KATE SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
CURT CARMICHAEL	DIRECTOR	2.00	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	$4,195,828	$3,182,220	$7,955,131	$1,013,608
2023	$2,860,560	$2,695,394	$3,531,997	$165,166
2022	$2,798,491	$2,143,836	$3,353,442	$654,655
2021	$2,706,577	$1,706,525	$2,222,970	$1,000,052
2020	$1,535,907	$1,184,914	$1,216,581	$350,993
2019	$1,264,471	$1,131,116	$900,507	$133,355
2018	$1,154,057	$1,000,074	$680,167	$153,983

36 DEGREES NORTH CO