MIDTOWN REDEVELOPMENT CORP

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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

1995

Legal Domicile

Principal Officer

LEE PEOPLES

Phone

4052353500

Tax Period

2023-10-01 to 2024-09-30

MIDTOWN REDEVELOPMENT CORP, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $229K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $267K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE CORPORATIONS PURPOSE IS TO ENCOURAGE THE CIVIC, SOCIAL, RESIDENTIAL AND COMMERCIAL REVITALIZATION OF MIDTOWN THROUGH THE INVOLVEMENT, COOPERATION, COORDINATION AND ACTION OF PROPERTY OWNERS, TENANTS, AND INTERESTED PARTIES AIMED AT IMPLEMENTING AND PROMULGATING

Program Service Accomplishments

Program 1

Expenses: $184,767 Revenue: $221,959

BID PROGRAMS - THE CORPORATION REPRESENTS A GEOGRAPHICAL AREA OF PROPERTIES WITHIN THE DOWNTOWN BUSINESS IMPROVEMENT DISTRICT BID AND AS SUCH, MANAGES THE BID PROGRAM FUNDS RELATED TO THE BID...

BID PROGRAMS - THE CORPORATION REPRESENTS A GEOGRAPHICAL AREA OF PROPERTIES WITHIN THE DOWNTOWN BUSINESS IMPROVEMENT DISTRICT BID AND AS SUCH, MANAGES THE BID PROGRAM FUNDS RELATED TO THE BID CONTRACT BETWEEN DOWNTOWN OKLAHOMA CITY PARTNERSHIP AND THE CITY OF OKC. BID FUNDS ARE ALLOCATED AND OVERSEEN BY THE CORPORATION TO FURTHER THE MISSION OF THE ORGANIZATION AND COMPLEMENT DISTRICTWIDE BID PROGRAMMING. EVENTS AND PROJECTS THAT OCCURRED DURING THE 2023 FISCAL YEAR ARE MIDTOWN WALKABOUT, MIDTOWN TREE GRANT, MERRY MIDTOWN AND 10 BUCK LUNCH.

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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 $6,690

Program Service Revenue $221,959

Investment Income $0

Other Revenue $0

TOTAL REVENUE $228,649

Expense Breakdown

Grants Paid $28,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $184,767

Other Expenses $238,680

TOTAL EXPENSES $266,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$228,649	$271,749	-0.2%
Expenses	$266,680	$232,067	+0.1%
Net Income	$-38,031	$39,682	-2.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEA MORGAN	CHAIR	000.50	Officer Director	$0	$0	$0
MARVA ELLARD	AT LARGE	000.50	Officer Director	$0	$0	$0
JOY BARESEL	DIRECTOR	000.50	Director	$0	$0	$0
CLAY FARHA	DIRECTOR	000.50	Director	$0	$0	$0
BRIAN FITZSIMMONS	DIRECTOR	000.50	Director	$0	$0	$0
STEVE MASON	DIRECTOR	000.50	Director	$0	$0	$0
LEE PEOPLES	VICE CHAIR	000.50	Officer Director	$0	$0	$0
ANDEN BULL	DIRECTOR	000.50	Director	$0	$0	$0
JASON CLARK	SECRETARY/TREASURE	000.50	Director	$0	$0	$0
MOLLY GRENIER	DIRECTOR	000.50	Director	$0	$0	$0
ANDREW HARROZ	DIRECTOR	000.50	Director	$0	$0	$0
ELENA HUGHES	DIRECTOR	000.50	Director	$0	$0	$0
KATIE MCQUEEN	VICE CHAIR	000.50	Director	$0	$0	$0
JUAN AGUILAR	DIRECTOR	000.50	Director	$0	$0	$0
CANDACE BAITZ	DIRECTOR	000.50	Director	$0	$0	$0
CHRISTINA CARTER	DIRECTOR	000.50	Director	$0	$0	$0
MEGAN CARTER	DIRECTOR	000.50	Director	$0	$0	$0
DESHAWN HEISEL	DIRECTOR	000.50	Director	$0	$0	$0
LEE MARTIN	VICE CHAIR	000.50	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	$228,649	$266,680	$96,466	$-38,031
2023	$271,749	$232,067	$113,037	$39,682
2022	$215,863	$202,055	$72,440	$13,808
2018	$287,275	$463,173	$45,703	$-175,898