Carl Albert State College Developm… - 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

1979

Legal Domicile

Principal Officer

Mandy Roberts

Phone

9186471200

Tax Period

2023-07-01 to 2024-06-30

Carl Albert State College Development Fo, founded in 1979, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 50% operating margin.

Mission

The Foundation's mission is to build a residential campus, to create an endowment fund for scholarships, and to establish a program for academic enrichment. This is accomplished by providing educational opportunities through scholarships to students at Carl Albert State College and facility grants to support the building and campuses of the college.

Program Service Accomplishments

Program 1

Expenses: $610,946

To provide educational opportunities through scholarships to students at Carl Albert State College and facility grants to support the buildings and campuses of Carl Albert State College.

Program 2

Expenses: $417,106 Revenue: $1,513,044

To provide dormitory facilities to support the students of Carl Albert State College.

Program 3

Expenses: $68,232

To provide funds to enrich academic programs.

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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 $791,223

Program Service Revenue $278,513

Investment Income $1,234,531

Other Revenue $0

TOTAL REVENUE $2,304,267

Expense Breakdown

Grants Paid $610,946

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,096,284

Other Expenses $549,960

TOTAL EXPENSES $1,160,906

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,304,267	$1,307,179	+0.8%
Expenses	$1,160,906	$912,989	+0.3%
Net Income	$1,143,361	$394,190	+1.9%

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

N/A

Independent Members

N/A

Employees

N/A

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
Steve Holton	Chairman	1.00	Officer Director	$0	$0	$0
Ty Barrett	Vice Chairman	1.00	Officer Director	$0	$0	$0
James Smith	Secretary	1.00	Officer Director	$0	$0	$0
Belva Barber	Regent Representative	1.00	Officer Director	$0	$0	$0
Deanna Reed	Regent Representative	1.00	Officer Director	$0	$0	$0
Marley Abell	Trustee	1.00	Director	$0	$0	$0
Ryan Adams	Trustee	1.00	Director	$0	$0	$0
David Alexander	Trustee	1.00	Director	$0	$0	$0
Nikki Allen	Trustee	1.00	Director	$0	$0	$0
Dennis Carter	Trustee	1.00	Director	$0	$0	$0
Jerry Caughman	Trustee	1.00	Director	$0	$0	$0
Heather Chavez	Trustee	1.00	Director	$0	$0	$0
Jose Chavez	Trustee	1.00	Director	$0	$0	$0
Whitney Chavez	Trustee	1.00	Director	$0	$0	$0
Vickie Conn Beasley	Trustee	1.00	Director	$0	$0	$0
Jim Cook	Trustee	1.00	Director	$0	$0	$0
Chris Fenton	Trustee	1.00	Director	$0	$0	$0
Charles Garrett	Trustee	1.00	Director	$0	$0	$0
Sam Gentry	Trustee	1.00	Director	$0	$0	$0
Amanda Grant	Trustee	1.00	Director	$0	$0	$0
Ron Hall	Trustee	1.00	Director	$0	$0	$0
John Hamilton	Trustee	1.00	Director	$0	$0	$0
Jim Harris	Trustee	1.00	Director	$0	$0	$0
Georgia Hetherington	Trustee	1.00	Director	$0	$0	$0
Jarret Hetherington	Trustee	1.00	Director	$0	$0	$0
Teri Hetherington	Trustee	1.00	Director	$0	$0	$0
Billy Ray Hoffman	Trustee	1.00	Director	$0	$0	$0
Kim Hoffman-Wilson	Trustee	1.00	Director	$0	$0	$0
WD Hoffman	Trustee	1.00	Director	$0	$0	$0
Linda Holton	Trustee	1.00	Director	$0	$0	$0
Sally Hutchison	Trustee	1.00	Director	$0	$0	$0
Sarah Jordan	Trustee	1.00	Director	$0	$0	$0
Lundy Kiger	Trustee	1.00	Director	$0	$0	$0
Todd Martin	Trustee	1.00	Director	$0	$0	$0
Robin Marquez	Trustee	1.00	Director	$0	$0	$0
Matt McBee	Alternative Member	1.00	Director	$0	$0	$0
Garon McClure	Trustee	1.00	Director	$0	$0	$0
Kerry McClure	Trustee	1.00	Director	$0	$0	$0
Beverly McMillan Reid	Trustee	1.00	Director	$0	$0	$0
Kelly Mitchell	Trustee	1.00	Director	$0	$0	$0
Darali Mixon	Trustee	1.00	Director	$0	$0	$0
Dan Ollie	Trustee	1.00	Director	$0	$0	$0
Mary Parham	Trustee	1.00	Director	$0	$0	$0
Jarrod Ridenour	Trustee	1.00	Director	$0	$0	$0
Brian Roberts	Trustee	1.00	Director	$0	$0	$0
Phyllis Roberts	Trustee	1.00	Director	$0	$0	$0
Stacey Roberts	Trustee	1.00	Director	$0	$0	$0
Gary Schaefer	Alternative Member	1.00	Director	$0	$0	$0
Ted Sheets	Trustee	1.00	Director	$0	$0	$0
Carol Smith	Trustee	1.00	Director	$0	$0	$0
Tom Stites	Trustee	1.00	Director	$0	$0	$0
Mick Thompson	Trustee	1.00	Director	$0	$0	$0
Scott Thompson	Trustee	1.00	Director	$0	$0	$0
Darlene Webb	Trustee	1.00	Director	$0	$0	$0
Matt Webb	Trustee	1.00	Director	$0	$0	$0
Donna Wilson	Trustee	1.00	Director	$0	$0	$0
Kendra Yandell	Trustee	1.00	Director	$0	$0	$0
Vicki White	Trustee	1.00	Director	$0	$0	$0
Joe E White Jr	Trustee	1.00	Director	$0	$0	$0
Michael Taylor	Trustee	1.00	Director	$0	$0	$0
Mike Hall	Trustee	1.00	Director	$0	$0	$0
Jeramy O'Berry	Trustee	1.00	Director	$0	$0	$0
Sandy Blake	Trustee	1.00	Director	$0	$0	$0
Danny Bosco	Trustee	1.00	Director	$0	$0	$0
Michael Carpenter	Trustee	1.00	Director	$0	$0	$0
Henry Dwayne Leonard	Trustee	1.00	Director	$0	$0	$0
Jay Neugin	Trustee	1.00	Director	$0	$0	$0
Chris Ward	Trustee	1.00	Director	$0	$0	$0
Vanda Watson	Trustee	1.00	Director	$0	$0	$0
Kate White	Trustee	1.00	Director	$0	$0	$0
N/A	Executive Director	40.00		$0	$0	$93,597

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	$2,304,267	$1,160,906	$13,167,585	$1,143,361
2023	$1,307,179	$912,989	$12,014,174	$394,190
2022	$1,237,919	$1,115,594	$11,178,078	$122,325
2021	$955,018	$757,437	$12,030,799	$197,581
2020	$1,623,424	$976,376	$10,663,945	$647,048
2019	$1,225,968	$915,927	$9,836,726	$310,041
2018	$1,099,409	$687,524	$9,402,415	$411,885

Carl Albert State College Development Fo