TULSA ECONOMIC DEVELOPMENT CORPORATION

EIN: 731084819 501(c)(3) Community Improvement

TULSA, OK

Total Revenue
$14,282,109
Total Expenses
$3,107,861
Total Assets
$41,534,822
Net Assets
$29,484,779
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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
OK
Principal Officer
ROSE WASHINGTON
Phone
9185858332
Tax Period
2023-10-01 to 2024-09-30

TULSA ECONOMIC DEVELOPMENT CORPORATION, founded in 1979, is a mid-sized nonprofit in the Community Improvement sector that reported $14.3M in total revenue in fiscal year 2023. Revenue surged 185% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.2M, a strong 78% operating margin.

Mission

TEDC WAS FOUNDED IN 1979 AS TULSA ECONOMIC DEVELOPMENT CORPORATION, AN ORGANIZATION CHARGED WITH PROMOTING AND SUSTAINING SMALL BUSINESS GROWTH IN TULSA.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,663,429
Program Service Revenue $553,715
Investment Income $958,631
Other Revenue $106,334
TOTAL REVENUE $14,282,109

Expense Breakdown

Grants Paid $169,780
Salaries & Benefits $1,182,054
Fundraising Expenses $0
Program Expenses $2,630,295
Other Expenses $1,756,027
TOTAL EXPENSES $3,107,861

Year-over-Year Comparison

2023 2022 Change
Revenue $14,282,109 $5,003,005 +1.9%
Expenses $3,107,861 $5,036,348 -0.4%
Net Income $11,174,248 $-33,343 -336.1%
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

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Governance

Voting Members
13
Independent Members
13
Employees
15
Volunteers
13

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
5
$168,062
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHELLA BOWLIN DIRECTOR 0.50
Director
$0 $0 $0
GILBERT GERST DIRECTOR 0.50
Director
$0 $0 $0
CASSIA CARR DIRECTOR 0.50
Director
$0 $0 $0
MARILYN MORRIS DIRECTOR 0.50
Director
$0 $0 $0
KENNETH QUIGLEY DIRECTOR 0.50
Director
$0 $0 $0
GIL EACRET DIRECTOR 0.50
Director
$0 $0 $0
JAVIER GAMARRA DIRECTOR 0.50
Director
$0 $0 $0
JOYCE MCCLELLAN DIRECTOR 0.50
Director
$0 $0 $0
DAVID EASTON DIRECTOR 0.50
Director
$0 $0 $0
MATT KING PRESIDENT 0.50
Officer Director
$0 $0 $0
JAMES SANCHEZ VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
SHANANN PASSLEY SECRETARY 0.50
Officer Director
$0 $0 $0
CINDY BAKER TREASURER 0.50
Officer Director
$0 $0 $0
ROSE WASHINGTON EXECUTIVE DIRECTOR 50.00
Officer
$153,875 $14,187 $168,062
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 $14,282,109 $3,107,861 $41,534,822 $11,174,248
2023 $5,003,005 $5,036,348 $30,345,955 $-33,343
2022 $6,170,732 $3,423,765 $38,001,915 $2,746,967
2021 $32,973,039 $55,444,671 $33,851,725 $-22,471,632
2020 $37,182,038 $7,107,438 $64,780,716 $30,074,600
2019 $1,840,403 $1,400,370 $15,422,908 $440,033
2018 $1,979,475 $1,426,304 $15,088,431 $553,171
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