MIDTOWN REDEVELOPMENT CORP

EIN: 731489699 501(c)(3) Community Improvement

Oklahoma City, OK

Total Revenue
$228,649
Total Expenses
$266,680
Total Assets
$96,466
Net Assets
$59,024
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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
OK
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 MANAGE AND PROMOTE THE MIDTOWN DISTRICT AS A SHOPPING AND DINING

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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 (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

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Governance

Voting Members
19
Independent Members
19
Employees
N/A
Volunteers
19

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
3
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
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
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