OKLAHOMA ASSOCIATION OF BROADCASTE… - 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

1988

Legal Domicile

Principal Officer

NANCY STRUBY

Phone

4058480771

Tax Period

2023-01-01 to 2023-12-31

OKLAHOMA ASSOCIATION OF BROADCASTERS EDUCATION FOUNDATION, founded in 1988, is a micro nonprofit that reported $54K in total revenue in fiscal year 2023. Revenue surged 303% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10K, a strong 19% operating margin.

Mission

TO FOSTER LEARNING IN BROADCASTING, BROADCAST JOURNALISM, FILM, SPEECH, ADVERTISING, BROADCAST ELECTRONICS, AND OTHER ARTS AND TECHNIQUES OF THE COMMUNICATIONS FIELD.

Program Service Accomplishments

Program 1

Expenses: $35,045

SCHOLARSHIPS AND FACULTY FELLOWSHIPS, STUDENT ASSISTANCE, STUDENT EXPENSES AT ANNUAL OAB CONFERENCE, CONTRIBUTIONS TO ONGOING OPERATIONS IN THE FIELDS OF JOURNALISM

Program 2

HOSTING THE STUDENT DAY CONFERENCE FOR ALL JOURNALISM STUDENTS ACROSS THE STATE OF OKLAHOMA TO FOSTER COMRADERY AND FELLOWSHIP BETWEEN STUDENTS.

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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 $1,618

Program Service Revenue $0

Investment Income $51,937

Other Revenue $0

TOTAL REVENUE $53,555

Expense Breakdown

Grants Paid $22,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,045

Other Expenses $21,484

TOTAL EXPENSES $43,484

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,555	$13,292	+3.0%
Expenses	$43,484	$38,544	+0.1%
Net Income	$10,071	$-25,252	-1.4%

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

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

$196,175

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT HENSLEY	PAST CHAIR	1.00	Officer Director	$0	$0	$0
AMY CALVERT	CHAIRMAN	1.00	Officer Director	$0	$0	$0
WES MILBOURN	TREASURER	1.00	Officer Director	$0	$0	$0
WILL PAYNE	DIRECTOR	1.00	Director	$0	$0	$0
FRED MORTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
BOB VILLONES	DIRECTOR	1.00	Director	$0	$0	$0
TERRY MONDAY	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN POTTER	DIRECTOR	1.00	Director	$0	$0	$0
TY TYLER	DIRECTOR	1.00	Director	$0	$0	$0
HESTON WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
VANCE HARRISON	PRESIDENT AND CEO AND SECR	40.00	Officer	$0	$0	$196,175

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	No data	No data	No data	No data
2023	$53,555	$43,484	$311,711	$10,071
2022	$13,292	$38,544	$308,251	$-25,252
2021	$20,718	$11,376	$400,938	$9,342
2020	$14,918	$23,877	$365,857	$-8,959
2019	$57,305	$31,430	$343,604	$25,875
2018	$31,739	$23,442	$305,752	$8,297

OKLAHOMA ASSOCIATION OF BROADCASTERS EDUCATION FOUNDATION