TULSA TECHNOLOGY CENTER EDUCATION … - 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

1984

Legal Domicile

Principal Officer

STEVE HUNTER

Phone

9186880242

Tax Period

2024-01-01 to 2024-12-31

TULSA TECHNOLOGY CENTER EDUCATION FOUNDATION INC, founded in 1984, is a small nonprofit that reported $142K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $176K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE FOR FINANCIAL NEEDS NOT FEASIBLY FUNDED BY TAX DOLLARS. BY MAKING GRANTS AND/OR EMERGENCY LOANS, THE FOUNDATION PROVIDES ASSISTANCE TO STUDENTS IN PROGRAMS WHICH REQUIRE LONG TERM STUDY AND IN PROGRAMS OF STUDY WHICH ARE TOO SHORT IN LENGTH TO QUALIFY FOR FEDERAL STUDENT AID.THESE GRANTS AND EMERGENCY LOANS ENABLE STUDENTS TO CONTINUE THEIR EDUCATION BY PROVIDING FINANCIAL ASSISTANCE FOR SPECIAL NEEDS SUCH AS THOSE GENERATED BY TRANSPORTATION PROBLEMS, PERSONAL OR FAMILY ILLNESS AND LIVING EXPENSES INCURRED AS A RESULT OF GOING TO SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $165,476

THE TULSA TECHNOLOGY EDUCATION FOUNDATION (TTEF), A NON-PROFIT FOUNDED IN 1983, PROVIDES NEEDS-BASED GRANTS UP TO 350 FOR TULSA TECH STUDENTS REQUESTING ASSISTANCE WITH OUT-OF-POCKET ITEMS SUCH AS...

THE TULSA TECHNOLOGY EDUCATION FOUNDATION (TTEF), A NON-PROFIT FOUNDED IN 1983, PROVIDES NEEDS-BASED GRANTS UP TO 350 FOR TULSA TECH STUDENTS REQUESTING ASSISTANCE WITH OUT-OF-POCKET ITEMS SUCH AS UNIFORMS, SHOES, EQUIPMENT/TOOLS, TESTING AND CERTIFICATION, TUITION, AND COMPETITIONS (EXPENSES NOT TYPICALLY COVERED BY OTHER FINANCIAL AID). TTEF IS COMPRISED OF ONLY VOLUNTEERS (NO SALARIED STAFF), WHICH HELPS TTEF ACHIEVE RESULTS OF OVER 97% OF EVERY DOLLAR GOING TO SUPPORT TULSA TECH STUDENTS FINANCIALLY. MOST OF OUR BOARD OF TRUSTEES ARE FORMER TULSA TECH TEACHERS AND/OR STUDENTS, HELPING STUDENTS COMPLETE THEIR TULSA TECH PROGRAMS TO BECOME MORE EMPLOYABLE, PRODUCTIVE ADULTS.

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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 $76,055

Program Service Revenue $0

Investment Income $0

Other Revenue $65,842

TOTAL REVENUE $141,897

Expense Breakdown

Grants Paid $165,476

Salaries & Benefits $0

Fundraising Expenses $6,426

Program Expenses $165,476

Other Expenses $10,727

TOTAL EXPENSES $176,203

Year-over-Year Comparison

	2024	2023	Change
Revenue	$141,897	$214,636	-0.3%
Expenses	$176,203	$167,345	+0.1%
Net Income	$-34,306	$47,291	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
STEVE HUNTER	PRESIDENT	Officer Director	$0	$0	$0
STEPHANIE POMEROY	VICE PRESIDE	Officer Director	$0	$0	$0
JOSHUA BOWERS	SECRETARY	Officer Director	$0	$0	$0
TERRI ROUSH	TREASURER	Officer Director	$0	$0	$0
JEFF BAUM	BY LAWS CHAI	Director	$0	$0	$0
DEBBIE WAKEN	SCHOLARSHIP	Director	$0	$0	$0
VANESSA DAVIS	CORP SPONSOR	Director	$0	$0	$0
MARIAH KIMBALL	MEMBERSHIP C	Director	$0	$0	$0
RACHEL JACKSON	PR CHAIR	Director	$0	$0	$0
TERRI BRIMMER	CO-FUNDRAISI	Director	$0	$0	$0
DIANE MOORE	FRIENDS OF T	Director	$0	$0	$0
PAUL BRODSKY	FINANCE & PR	Director	$0	$0	$0
CHRISTOPHER BULLIS	DIRECTOR	Director	$0	$0	$0
PAUL KING	MEMBERSHIP C	Director	$0	$0	$0
MATT LAY	DIRECTOR	Director	$0	$0	$0
JULIE MARTIN	DIRECTOR	Director	$0	$0	$0
MATTHEW SCHONE	DIRECTOR	Director	$0	$0	$0
CHRISTIA SIMMONS	DIRECTOR	Director	$0	$0	$0
LOU STACKLER	DIRECTOR	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	$141,897	$176,203	$247,961	$-34,306
2023	$214,636	$167,345	$282,266	$47,291

TULSA TECHNOLOGY CENTER EDUCATION FOUNDATION INC