OKLAHOMA CITY INNOVATION DISTRICT INC (EIN 730756329) - 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

1965

Legal Domicile

Principal Officer

CATHY O'CONNOR

Phone

4054109343

Tax Period

2023-01-01 to 2023-12-31

OKLAHOMA CITY INNOVATION DISTRICT INC, founded in 1965, is a community nonprofit in the Health Care sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $2.0M exceeded revenue, resulting in a 26% operating deficit.

Mission

TO BRING TOGETHER THE GREATEST MINDS IN TOTAL COLLABORATION, YIELDING WORLD-CHANGING RESULTS. HOME TO INTERNATIONALLY-ACCLAIMED ORGANIZATIONS SPANNING OKLAHOMAS DIVERSE SECTORS - HEALTH, ENERGY, AEROSPACE, TECHNOLOGY, ACADEMIA AND MORE - THE INNOVATION DISTRICT PROVIDES OPPORTUNITIES FOR ENTREPRENEURSHIP, INNOVATION AND COMMUNITY GROWTH.

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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 $1,336,225

Program Service Revenue $205,995

Investment Income $39,033

Other Revenue $6

TOTAL REVENUE $1,581,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $903,901

Fundraising Expenses $0

Program Expenses $1,121,358

Other Expenses $1,095,270

TOTAL EXPENSES $1,999,171

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,581,259	$1,243,135	+0.3%
Expenses	$1,999,171	$1,398,115	+0.4%
Net Income	$-417,912	$-154,980	+1.7%

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

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

$365,647

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	INTERIM CEO AND BOARD SECRETARY	40.00	Officer Director	$0	$0	$0
KATY BOREN	PRESIDENT & CEO (thru 7/2023)	40.00	Officer	$158,442	$15,426	$173,868
KATHY CULLEN	CHIEF FINANCIAL OFFICER	40.00	Officer	$162,448	$29,331	$191,779
KOEY KEYLON	EXECUTIVE DIRECTOR, BIOTC	40.00	Highest	$132,509	$9,796	$142,305
CHRISTIAN KANADY	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTY GILLENWATER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR ANDY WEYRICH	BOARD MEMBER	1.00	Director	$0	$0	$0
DR QUINTIN HUGHES	BOARD MEMBER	1.00	Director	$0	$0	$0
CRESHA REDUS	BOARD MEMBER	1.00	Director	$0	$0	$0
TOMAS DIAZ DE LA RUBIA	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID HARLOW	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK MCCUNE	BOARD MEMBER	1.00	Director	$0	$0	$0
DR GARY RASKOB	BOARD MEMBER	1.00	Director	$0	$0	$0
KENTON TSOODLE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER SCHULTZ	BOARD MEMBER	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	No data	No data	No data	No data
2023	$1,581,259	$1,999,171	$1,541,444	$-417,912
2022	$1,243,135	$1,398,115	$1,748,491	$-154,980
2021	$789,565	$825,295	$2,286,792	$-35,730
2020	$594,393	$656,895	$2,335,803	$-62,502
2019	$634,050	$709,050	$2,152,757	$-75,000
2018	$164,887	$785,764	$2,513,035	$-620,877

OKLAHOMA CITY INNOVATION DISTRICT INC