DUNCAN, OK
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)DUNCAN AREA ECONOMIC DEVELOPMENT FOUNDATION, founded in 1954, is a community nonprofit in the Community Improvement sector that reported $2.6M in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.6M, a strong 63% operating margin.
TO CONTINUALLY INCREASE JOB OPPORTUNITIES AND THE DEVELOPMENT OF FAVORABLE BUSINESS CLIMATE AND WORKFORCE DEVELOPMENT PROGRAMS FOR THE BENEFIT OF THE COMMUNITY AND SURROUNDING AREA.
INDUSTRY RECRUITMENT ACTIVITIES DESIGNED TO PROMOTE DUNCAN TO NEW AND RELOCATING OR EXPANDING INDUSTRIES WHILE ALSO SUPPORTING CREATION OF NEW COMPANIES WITH THE BUSINESS INCUBATOR, FOR THE PURPOSE...
INDUSTRY RECRUITMENT ACTIVITIES DESIGNED TO PROMOTE DUNCAN TO NEW AND RELOCATING OR EXPANDING INDUSTRIES WHILE ALSO SUPPORTING CREATION OF NEW COMPANIES WITH THE BUSINESS INCUBATOR, FOR THE PURPOSE OF CREATING NEW EMPLOYMENT OPPORTUNITIES AND CARRYING OUT THE ORGANIZATION'S MISSION.
COMMUNITY WORKFORCE DEVELOPMENT INCLUDES LEARN HERE EARN HERE INITIATIVES TO ADDRESS WORKFORCE ISSUES IN THE COMMUNITY; INCLUDED ARE PERIODIC JOB FAIRS, CO2 ENGINEERING CONTEST TARGETED TOWARD MIDDLE...
COMMUNITY WORKFORCE DEVELOPMENT INCLUDES LEARN HERE EARN HERE INITIATIVES TO ADDRESS WORKFORCE ISSUES IN THE COMMUNITY; INCLUDED ARE PERIODIC JOB FAIRS, CO2 ENGINEERING CONTEST TARGETED TOWARD MIDDLE AND HIGH SCHOOL STUDENTS, DUNCAN HIGH SCHOOL STUDENT INDUSTRY TOURS CONECTING LOCAL BUSINESSES WITH STUDENTS ABOUT TO ENTER THE WORKFORCE, AND SUPPORT FOR DUNCAN HIGH SCHOOL STUDENT INTERNSHIP PROGRAMS.
LEASING ACTIVITIES TO PROVIDE INDUSTRIAL LOCATIONS FOR QUALIFYING BUSINESSES; ACTIVITY DESIGNED TO INCREASE INDUSTRY AND JOB OPPORTUNITIES BY ATTRACTING INDUSTRY TO THE AREA. RENTAL EXPENSES FOR 2023...
LEASING ACTIVITIES TO PROVIDE INDUSTRIAL LOCATIONS FOR QUALIFYING BUSINESSES; ACTIVITY DESIGNED TO INCREASE INDUSTRY AND JOB OPPORTUNITIES BY ATTRACTING INDUSTRY TO THE AREA. RENTAL EXPENSES FOR 2023 WERE 1,316,898 AS PRESENTED IN PART VIII, LINE 6B.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,619,410 | $5,295,425 | -0.5% |
| Expenses | $976,777 | $1,000,538 | 0.0% |
| Net Income | $1,642,633 | $4,294,887 | -0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LYLE ROGGOW | PRESIDENT | 40.00 |
Key Emp
|
$190,677 | $32,955 | $223,632 |
| DENNIS LOAFMAN | CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICK BRAUGHT | VICE CHAIRMA | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN STEWART | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| HAL LABYER | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BILL GOSSETT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRYCE HOOPER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JP PEACOCK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHAD SIMPSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAY JOHNSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KELLY KIRKLAND | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KIMBERLY MEEK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MAYOR ROBERT ARMSTRONG | EX-OFFICIO B | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $2,619,410 | $976,777 | $23,883,296 | $1,642,633 |
| 2022 | $5,295,425 | $1,000,538 | $23,270,970 | $4,294,887 |
| 2021 | $1,196,621 | $719,533 | $17,943,568 | $477,088 |
| 2020 | $1,169,335 | $1,222,550 | $17,794,309 | $-53,215 |
| 2019 | $769,559 | $698,510 | $18,220,395 | $71,049 |
| 2018 | $1,944,842 | $739,902 | $18,765,513 | $1,204,940 |
Compare DUNCAN AREA ECONOMIC DEVELOPMENT FOUNDATION with other nonprofits in Oklahoma and across the country.