HOUSING PARTNERS OF TULSA C/O HOUSING AUTH OF THE CITY OF TULSA (EIN 731397452) - Form 990 Financial Analysis & Trantor Score

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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

1991

Legal Domicile

Principal Officer

AARON DARDEN

Phone

9185820021

Tax Period

2024-01-01 to 2024-12-31

HOUSING PARTNERS OF TULSA C/O HOUSING AUTH OF THE CITY OF TULSA, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $6.9M in total revenue in fiscal year 2024. The organization ran a surplus of $6.7M, a strong 97% operating margin.

Mission

TO PROVIDE A WIDE-RANGE OF AFFORDABLE HOUSING OPTIONS FOR LOW AND MODERATE INCOME TULSANS.

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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 $6,700,200

Program Service Revenue $0

Investment Income $219,999

Other Revenue $9,450

TOTAL REVENUE $6,929,649

Expense Breakdown

Grants Paid $160,930

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $160,930

Other Expenses $67,845

TOTAL EXPENSES $228,775

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,929,649	$6,762,926	+0.0%
Expenses	$228,775	$145,950	+0.6%
Net Income	$6,700,874	$6,616,976	+0.0%

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

$1,375,858

Total Directors

$1,375,858

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON DARDEN	PRESIDENT	0.50	Officer Director	$0	$57,785	$403,455
DARIAN WALKER	VICE PRESIDENT	0.50	Officer Director	$0	$48,374	$273,199
MATTHEW LETZIG	TREASURER	0.50	Officer Director	$0	$33,943	$240,977
TERRI COLE	SECRETARY	0.08	Officer Director	$0	$52,410	$222,810
ERIK SOLIVAN	CHIEF OF STAFF	0.50	Officer Director	$0	$22,752	$235,417

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	$6,929,649	$228,775	$9,042,036	$6,700,874
2023	$6,762,926	$145,950	$5,409,890	$6,616,976
2022	$1,739,479	$175,979	$426,233	$1,563,500
2021	$490,848	$568,746	$407,334	$-77,898
2020	$1,165,884	$3,002,377	$406,820	$-1,836,493
2019	$4,576,876	$2,662,815	$2,221,119	$1,914,061
2018	$398,688	$181,491	$301,427	$217,197

HOUSING PARTNERS OF TULSA C/O HOUSING AUTH OF THE CITY OF TULSA