GREENWOOD CULTURAL CENTER INC

EIN: 731436295 501(c)(3) Human Services

TULSA, OK

Total Revenue
$367,428
Total Expenses
$576,455
Total Assets
$1,243,018
Net Assets
$1,216,941
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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
OK
Phone
9185961020
Tax Period
2024-07-01 to 2025-06-30

GREENWOOD CULTURAL CENTER INC, founded in 1991, is a small nonprofit in the Human Services sector that reported $367K in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $576K exceeded revenue, resulting in a 57% operating deficit.

Mission

To capture, preserve, and teach African-American culture and heritage. To present educational and cultural experiences to foster intercultural exchange and promote cultural tourism.

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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 (2024)

Revenue Breakdown

Contributions & Grants $337,478
Program Service Revenue $0
Investment Income $51,926
Other Revenue $-21,976
TOTAL REVENUE $367,428

Expense Breakdown

Grants Paid $0
Salaries & Benefits $258,566
Fundraising Expenses $63,360
Program Expenses $393,648
Other Expenses $317,889
TOTAL EXPENSES $576,455

Year-over-Year Comparison

2024 2023 Change
Revenue $367,428 $1,300,875 -0.7%
Expenses $576,455 $659,181 -0.1%
Net Income $-209,027 $641,694 -1.3%
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
28
Volunteers
45

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
$0
Total Directors
13
$0
Key Employees
1
$97,830
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rev Martin Lavanhar Member 0.00
Director
$0 $0 $0
Retired Judge Jesse Harris Member 0.00
Director
$0 $0 $0
Stanley Stephens Member 0.00
Director
$0 $0 $0
Frances Jordan Rakestraw Executive Director 40.00
Key Emp Highest
$97,830 $0 $97,830
Dr Anne A Ghost Bear Secretary 0.00
Officer Director
$0 $0 $0
Wesley Mitchell Board Chair 0.00
Director
$0 $0 $0
Edward Ross Member 0.00
Director
$0 $0 $0
Dr Art S Williams Member 0.00
Director
$0 $0 $0
Mike Duvarney Member 0.00
Director
$0 $0 $0
Rocky Bright Member 0.00
Director
$0 $0 $0
Francisco J Trevino Member 0.00
Director
$0 $0 $0
Shelly Triplett Member 0.00
Director
$0 $0 $0
Obum Ukabam Member 0.00
Director
$0 $0 $0
La Verne Wimberly Member 0.00
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
2025 $367,428 $576,455 $1,243,018 $-209,027
2024 No data No data No data No data
2023 $581,558 $681,520 $695,037 $-99,962
2021 $782,749 $565,476 $500,716 $217,273
2020 $415,973 $390,149 $242,348 $25,824
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