Better Business Bureau of Central Oklahoma Inc

EIN: 730147260

OKC, OK

Total Revenue
$1,845,442
Total Expenses
$1,963,989
Total Assets
$2,241,824
Net Assets
$1,795,903
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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
1971
Legal Domicile
OK
Principal Officer
Kitt Letcher PresCEO
Phone
4052396081
Tax Period
2023-01-01 to 2023-12-31

Better Business Bureau of Central Oklahoma Inc, founded in 1971, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

Better Business Bureau of Central Oklahoma is a source of unbiased information for both consumers and businesses about the integrity and reliability of local businesses.

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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 $1,811,211
Investment Income $-441
Other Revenue $34,672
TOTAL REVENUE $1,845,442

Expense Breakdown

Grants Paid $0
Salaries & Benefits $989,201
Fundraising Expenses $0
Other Expenses $974,788
TOTAL EXPENSES $1,963,989

Year-over-Year Comparison

2023 2022 Change
Revenue $1,845,442 $2,171,895 -0.2%
Expenses $1,963,989 $1,888,029 +0.0%
Net Income $-118,547 $283,866 -1.4%
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
14
Independent Members
14
Employees
22
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
5
$160,168
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kitt Letcher President & CEO 40.00
Officer
$149,156 $11,012 $160,168
Bill Leeper Member 1.00
Director
$0 $0 $0
Veronica Harrison Member 1.00
Director
$0 $0 $0
Doug Denison Member 1.00
Director
$0 $0 $0
Jeremiah Bryant Member 1.00
Director
$0 $0 $0
Mark Holland Member 1.00
Director
$0 $0 $0
Stacy Eads Member 1.00
Director
$0 $0 $0
Mark Lasater Member 1.00
Director
$0 $0 $0
Lauren Toppins Member 1.00
Director
$0 $0 $0
Brooke Unruh Member 1.00
Director
$0 $0 $0
Kevin Wellfare Vice Chair 1.00
Officer
$0 $0 $0
Jill Farrand Chairman 1.00
Officer
$0 $0 $0
Dawn Holsted Past Chairman 1.00
Officer
$0 $0 $0
Stephen Ball Sec / Treasurer 1.00
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 No data No data No data No data
2023 $1,845,442 $1,963,989 $2,241,824 $-118,547
2022 $2,171,895 $1,888,029 $1,993,497 $283,866
2021 $1,837,929 $1,766,654 $1,736,337 $71,275
2020 $1,717,887 $1,677,363 $1,740,630 $40,524
2019 $1,767,358 $1,617,006 $1,755,649 $150,352
2018 $1,639,489 $1,524,386 $2,035,436 $115,103
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