OKMULGEE AREA DEVELOPMENT 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

1996

Legal Domicile

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

Program Service Accomplishments

Program 1

Expenses: $105,001 Revenue: $59,700

The Okmulgee Area Development Corporation (OADC) is a privately funded non-profit organization to promote economic development for the Okmulgee County area. Established in 1996 as a 501(c)3, our...

The Okmulgee Area Development Corporation (OADC) is a privately funded non-profit organization to promote economic development for the Okmulgee County area. Established in 1996 as a 501(c)3, our office serves as a "one-stop shop" for economic development by coordinating with the city, county, state and other governmental entities at the state & federal levels. This ensures a smooth and straight forward development process. The OADC also partners with other organizations in support of community development programs and projects and promotion of the area such as state and local government, educators, training providers, financial institutions and business. As the lead economic development entity in Okmulgee County, we facilitate the development of available properties--industrial, commercial and retail. One of our core competencies is assisting and building relationships with other development organizations in and around Okmulgee and in the state of Oklahoma. The OADC's mission is to retain existing jobs, encourage growth and expansion of current industrial companies, recruit new industrial businesses to invest in the community, support local education and higher education for workforce development.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$50,600

Key Employees

Highest Compensated

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