Tulsa Psychiatric Center

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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

1959

Legal Domicile

Principal Officer

Brett Lessley

Phone

9185864215

Tax Period

2024-01-01 to 2024-12-31

Tulsa Psychiatric Center, founded in 1959, is a mid-sized nonprofit that reported $13.9M in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $10.2M, a strong 73% operating margin.

Mission

Supporting organization for facility providing mental health services to the community.

Program Service Accomplishments

Program 1

Expenses: $3,080,872 Revenue: $1,494,792

TULSA PSYCHIATRIC CENTER'S EXEMPT PURPOSE IS TO PROVIDE SUPPORT FOR, TO OPERATE FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSE OF PARKSIDE, INC., A TAX EXEMPT HOSPITAL PROVIDING MENTAL HEALTH SERVICES OR ITS SUCCESSORS OR ANY OTHER HEALTH CARE FACILITY OR PROGRAM DESCRIBED IN SECTION 509(A)(1) OR 509(A)(2) OF THE INTERNAL REVENUE CODE OF 1986. TULSA PSYCHIATRIC CENTER IS OWNER AND PARKSIDE, INC. IS OPERATOR OF THE HOSPITAL FACILITY. BOTH ARE DEDICATED TO PROVIDING MEDICAL CARE TO THE COMMUNITY THROUGH AN INTERRELATED HEALTHCARE SYSTEM, AND ARE, THEREFORE, EXEMPT ORGANIZATIONS. ALTHOUGH REIMBURSEMENT FOR THE SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF TULSA PSYCHIATRIC CENTER, IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIALMENTAL HEALTH SERVICES AND FURTHER THAT OUR MISSION IS TO SERVE THE COMMUNITY WITH RESPECT TO PROVIDING MENTAL HEALTH SERVICES AND EDUCATION. THEREFORE, IN KEEPING THIS COMMITMENT TO SERVE ALL MEMBERS OF ITS COMMUNITY, FREE CARE AND/OR SUBSIDIZED CARE, CARE PROVIDED TO PERSONS COVERED BY GOVERNMENT PROGRAMS TO SUPPORT COMMUNITY WILL BE CONSIDERED WHETHER THE NEED AND/OR INDIVIDUALS INABILITY TO PAY COEXISTS. THESE ACTIVITIES INCLUDE COMMUNITY EDUCATION PROGRAMS, SPECIAL PROGRAMS FOR THE ELDERLY AND HANDICAPPED, AND A VARIETY OF BROAD COMMUNITY SUPPORT ACTIVITIES. TULSA PSYCHIATRIC CENTER ASSISTS IN THE CARE OF PERSONS COVERED BY THE GOVERNMENTAL PROGRAMS AT BELOW COST. RECOGNIZING ITS MISSION TO THE COMMUNITY, SERVICES ARE PROVIDED TO BOTH MEDICARE AND MEDICAID PATIENTS. TO THE EXTENT REIMBURSEMENT IS BELOW COST, TULSA PSYCHIATRIC CENTER RECOGNIZES THESE AMOUNTS AS CHARITY CARE IN MEETING ITS MISSION TO THE ENTIRE COMMUNITY. ALSO, IN RECOGNIZING ITS MISSION TO THE COMMUNITY, TULSA PSYCHIATRIC CENTER ASSISTS IN THE PROVISION OF SERVICES FOR THOSEUNABLE TO PAY. THESE CHARITY CARE SERVICES ARE NOT REIMBURSED. CHARITY CARE IS ALSO PROVIDED THROUGH MANY REDUCED PRICE SERVICES AND FREE PROGRAMS OFFERED THROUGHOUT THE YEAR BASED ON ACTIVITIES AND SERVICES WHICH THE TULSA PSYCHIATRIC CENTER BELIEVES WILL SERVE LEGITIMATE COMMUNITY HEALTH NEEDS.

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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 $0

Program Service Revenue $1,494,792

Investment Income $11,404,685

Other Revenue $976,146

TOTAL REVENUE $13,875,623

Expense Breakdown

Grants Paid $2,144,867

Salaries & Benefits $252,549

Fundraising Expenses $0

Program Expenses $3,080,872

Other Expenses $1,314,431

TOTAL EXPENSES $3,711,847

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,875,623	$22,378,160	-0.4%
Expenses	$3,711,847	$3,721,717	0.0%
Net Income	$10,163,776	$18,656,443	-0.5%

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

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
Brett Lessley	President	1.00	Officer Director	$0	$0	$0
Angela Baker	Vice President	1.00	Officer Director	$0	$0	$0
Bob Farris	Secretary	1.00	Officer Director	$0	$0	$0
Sharon Gould	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	$13,875,623	$3,711,847	$172,575,558	$10,163,776
2023	$22,378,160	$3,721,717	$156,137,351	$18,656,443
2022	$14,778,748	$2,952,155	$142,351,047	$11,826,593
2021	$4,136,826	$2,137,196	$157,464,150	$1,999,630
2020	$6,276,930	$1,815,630	$137,626,972	$4,461,300
2019	$6,127,244	$3,012,684	$128,926,610	$3,114,560
2018	$4,862,551	$1,513,277	$106,880,356	$3,349,274