Oklahoma Residence Corporation (EIN 730738239) - 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

1964

Legal Domicile

Principal Officer

Kelly Garrett

Tax Period

2023-07-01 to 2024-06-30

Oklahoma Residence Corporation, founded in 1964, is a small nonprofit that reported $506K in total revenue in fiscal year 2023. Expenses of $473K left a modest 6% surplus.

Mission

To provide 66 units of Senior Housing.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $19,038

Investment Income $0

Other Revenue $486,899

TOTAL REVENUE $505,937

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,261

Fundraising Expenses $0

Program Expenses $473,371

Other Expenses $359,110

TOTAL EXPENSES $473,371

Year-over-Year Comparison

	2023	2022	Change
Revenue	$505,937	$472,357	+0.1%
Expenses	$473,371	$484,325	0.0%
Net Income	$32,566	$-11,968	-3.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Juanela Lee	Board Member	1.00	Director	$0	$0	$0
Ron Morton	Vice President	1.00	Officer Director	$0	$0	$0
Sharon Zawaski	Secretary	1.00	Officer Director	$0	$0	$0
Kelly Garrett	President	1.00	Officer Director	$0	$0	$0
Claudia Lassiter	Board Member	1.00	Officer 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
2025	No data	No data	No data	No data
2024	$505,937	$473,371	$366,589	$32,566
2023	$472,357	$484,325	$383,565	$-11,968
2022	$450,998	$394,473	$442,473	$56,525
2021	$438,651	$388,470	$429,302	$50,181
2020	$426,778	$390,249	$419,962	$36,529
2019	$420,579	$411,833	$427,621	$8,746

Oklahoma Residence Corporation