THE OKLAHOMA UNITED METHODIST FOUN… - Form 990 Financial Data

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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

1944

Legal Domicile

Principal Officer

BILLY MEADE

Phone

4058965016

Tax Period

2024-01-01 to 2024-12-31

THE OKLAHOMA UNITED METHODIST FOUNDATION, founded in 1944, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.7M, a strong 29% operating margin.

Mission

To create and administer permanent charitable endowments to strengthen Methodist ministries in Oklahoma.

Program Service Accomplishments

Program 1

Expenses: $362,228

Support for United Methodist Churches and related ministries of the Oklahoma Annual Conference of the United Methodist Church.

Program 2

Expenses: $273,289

Provided seminary scholarships for future Oklahoma United Methodist pastors allowing them to begin their ministry career without the burden of student loan debt.

Program 3

Expenses: $181,208

Provided $144,000 funds to the Oklahoma United Methodist Circle of Care, Inc. to support foster care ministry and Pearls Hope Transitional Living Program for single mothers. Pearls Hope provides...

Provided $144,000 funds to the Oklahoma United Methodist Circle of Care, Inc. to support foster care ministry and Pearls Hope Transitional Living Program for single mothers. Pearls Hope provides financial, educational, and familial resources to secure and maintain housing on their own. Pearls Hope serves women who are working to improve their lives or the lives of their children after intervention by the OK Department of Human Services. Remaining funds were for general support.

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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 $1,059,666

Program Service Revenue $2,674,495

Investment Income $2,128,853

Other Revenue $107,247

TOTAL REVENUE $5,970,261

Expense Breakdown

Grants Paid $1,392,116

Salaries & Benefits $2,116,957

Fundraising Expenses $0

Program Expenses $3,292,869

Other Expenses $714,918

TOTAL EXPENSES $4,223,991

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,970,261	$5,133,220	+0.2%
Expenses	$4,223,991	$3,940,212	+0.1%
Net Income	$1,746,270	$1,193,008	+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

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

$765,565

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILLY MEADE	PRESIDENT	40.00	Officer	$261,933	$51,710	$313,643
DAVID BATTLES	EXECUTIVE VICE-PRESIDENT	40.00	Officer	$230,804	$53,714	$284,518
ALAN HERNDON	DIRECTOR OF GIFT PLANNING	40.00	Highest	$136,002	$43,423	$179,425
DARRELL CATES	CONFERENCE & CHURCH RELATIONS	40.00	Highest	$129,384	$46,085	$175,469
JACOB BUSSELL	CONTROLLER & TREASURER	40.00	Officer	$129,321	$38,083	$167,404
REV DERREK BELASE	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA BRAUGHT	BOARD CHAIRPERSON	1.00	Officer Director	$0	$0	$0
REV DAVID BURRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
REV CAROL COOK MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLEN EVANS	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
JOE HALL	BOARD VICE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DONALD KIM	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA LAMBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE LONG	BOARD MEMBER	1.00	Director	$0	$0	$0
REV TISH MALLOY	BOARD MEMBER	1.00	Director	$0	$0	$0
BISHOP LAURA MERRILL	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN ROBERTS	BOARD MEMBER	1.00	Director	$0	$0	$0
KIRK WASHBURN	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA BRINKWORTH	BOARD MEMBER	0.00	Director	$0	$0	$0
DOUG DOWLER	BOARD MEMBER	0.00	Director	$0	$0	$0
DB GREEN	BOARD MEMBER	0.00	Director	$0	$0	$0
JEFF HEDRICK	BOARD MEMBER	0.00	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	$5,970,261	$4,223,991	$480,116,754	$1,746,270
2023	$5,133,220	$3,940,212	$444,911,095	$1,193,008
2022	$5,185,917	$4,707,280	$410,959,651	$478,637
2021	$4,943,975	$4,019,177	$444,014,315	$924,798
2020	$4,589,928	$3,985,393	$399,007,183	$604,535

THE OKLAHOMA UNITED METHODIST FOUNDATION