BACONE COLLEGE DEVELOPMENT CORPORATION

EIN: 731288960 501(c)(3)

MUSKOGEE, OK

Total Revenue
$540
Total Expenses
N/A
Total Assets
$2,111,705
Net Assets
$2,021,533
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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
1986
Legal Domicile
OK
Principal Officer
DR NICKY MICHAEL
Phone
9187817216
Tax Period
2020-08-01 to 2021-07-31

BACONE COLLEGE DEVELOPMENT CORPORATION, founded in 1986, is a micro nonprofit that reported $540 in total revenue in fiscal year 2020. Revenue fell 66% from the prior year — a significant decline worth monitoring.

Mission

TO RECEIVE AND MAINTAIN A FUND OR FUNDS OF MONIES AND PROPERTY, REAL, PERSONAL OR MIXED AND THE PRINCIPAL THEREOF TO BE USED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND/OR EDUCATIONAL PURPOSES BY THE APPLICATION THEREOF TO THE USE AND FOR THE BENEFIT OF BACONE COLLEGE.

Program Service Accomplishments

Program 1

ENTITY HOLDS TITLE TO PROPERTY WITH ALL INCOME GOING TO BACONE COLLEGE FOR ITS EXEMPT PURPOSES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $540
Other Revenue $0
TOTAL REVENUE $540

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2020 2019 Change
Revenue $540 $1,586 -0.7%
Expenses N/A $4,432 -1.0%
Net Income N/A $-2,846 N/A
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
10
Independent Members
10
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
7
$339,444
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FERLIN CLARK PRESIDENT 40.0
Officer
$0 $22,642 $173,312
JEROME STEELE VICE PRESIDENT OF FINANCE/CFO 40.0
Officer
$0 $30,204 $94,841
LEROY THOMPSON VP OF ACADEMIC AFFAIRS 40.0
Officer
$0 $13,693 $71,291
QUINTON ROMAN NOSE CHAIR 1.0
Officer Director
$0 $0 $0
W RICHARD WEST JR VICE CHAIR 1.0
Officer Director
$0 $0 $0
joseph garcia treasurer 1.0
Officer Director
$0 $0 $0
lahoma schultz secretary 1.0
Officer Director
$0 $0 $0
JOe bunch member 1.0
Director
$0 $0 $0
MATTHEW KOMALTY member 1.0
Director
$0 $0 $0
john shotton member 1.0
Director
$0 $0 $0
geoffrey standing bear member 1.0
Director
$0 $0 $0
raymond redcorn designee 1.0
Director
$0 $0 $0
NEELY TSOODLE member 1.0
Director
$0 $0 $0
REGGIE WASSANA member 1.0
Director
$0 $0 $0
carrie whitlow designee 1.0
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
2021 $540 No data $2,111,705 No data
2020 $1,586 $4,432 $2,111,165 $-2,846
2019 $414,426 $154,973 $2,023,839 $259,453
2018 $369,690 $274,293 $3,286,774 $95,397
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