OKMULGEE AREA DEVELOPMENT CORP

EIN: 731495059 501(c)(3) Community Improvement

OKMULGEE, OK

Total Revenue
$354,623
Total Expenses
$127,598
Total Assets
$1,335,492
Net Assets
$1,334,163
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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
1996
Legal Domicile
OK
Phone
9189380970
Tax Period
2023-07-01 to 2024-06-30

OKMULGEE AREA DEVELOPMENT CORP, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $355K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $227K, a strong 64% operating margin.

Mission

ECONOMIC DEVELOPMENT IN OKMULGEE COUNTY

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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 $344,663
Program Service Revenue $0
Investment Income $9,960
Other Revenue $0
TOTAL REVENUE $354,623

Expense Breakdown

Grants Paid $0
Salaries & Benefits $87,842
Fundraising Expenses $0
Program Expenses $105,001
Other Expenses $39,756
TOTAL EXPENSES $127,598

Year-over-Year Comparison

2023 2022 Change
Revenue $354,623 $400,596 -0.1%
Expenses $127,598 $168,067 -0.2%
Net Income $227,025 $232,529 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

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Governance

Voting Members
13
Independent Members
13
Employees
2
Volunteers
13

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
12
$50,600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COURT NEWKIRK Former Exec Dir 40.00
Director
$25,600 $0 $25,600
DEB MARSHALL Executive Dir. 40.00
Director
$25,000 $0 $25,000
MARK MABREY Board Member 0.00
Director
$0 $0 $0
FRED HARLAN Board Member 0.00
Director
$0 $0 $0
KYLE POWELL Board Member 0.00
Director
$0 $0 $0
CHRIS BENGE Board Member 0.00
Director
$0 $0 $0
ZECHARIAH HARJO Board Member 0.00
Director
$0 $0 $0
TIM SMITH Board Member 0.00
Director
$0 $0 $0
SERGIO HANS ANDRE Board Member 0.00
Director
$0 $0 $0
MELISSA PARCHMAN Board Member 0.00
Director
$0 $0 $0
JOHN NEAL Board Member 0.00
Director
$0 $0 $0
DAVID DYKES Board Member 0.00
Director
$0 $0 $0
CHRISTIE BALDRIDGE Secretary/Treas 0.00
Officer
$0 $0 $0
ROGER KING Board Chair 0.00
Officer
$0 $0 $0
RON GOEDECKE Vice Chairman 0.00
Officer
$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 No data No data No data No data
2024 $354,623 $127,598 $1,335,492 $227,025
2023 $400,596 $168,067 $1,109,743 $232,529
2022 $132,053 $184,175 $877,048 $-52,122
2021 $144,588 $161,733 $928,549 $-17,145
2020 $383,195 $418,896 $968,101 $-35,701
2019 $186,157 $104,823 $983,094 $81,334
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