Okla Assisted Living Facilities Asn

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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

1997

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Okla Assisted Living Facilities Asn, founded in 1997, is a small nonprofit that reported $468K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $423K left a modest 10% surplus.

Mission

Assisted Living Providers Association provides information exchange between providers to promote best practices

Program Service Accomplishments

Program 1

Expenses: $215,709

Seminars on strategies for adminsitration by assisted living providers

Program 2

Expenses: $143,806

Assisting living providers adminstration, seminars addressing issues rerlating to providers education, training, insurance and legal issues

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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 $467,883

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $467,883

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,121

Fundraising Expenses $0

Program Expenses $359,515

Other Expenses $261,835

TOTAL EXPENSES $422,956

Year-over-Year Comparison

	2023	2022	Change
Revenue	$467,883	$380,789	+0.2%
Expenses	$422,956	$389,620	+0.1%
Net Income	$44,927	$-8,831	-6.1%

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

N/A

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
Gara Wise	Secretary	0.00	Officer	$0	$0	$0
Lori Morton	Chair	5.00	Officer	$0	$0	$0
Cindy Vann	Vice Chair	5.00	Officer	$0	$0	$0
Melissa Holland	Board President	40.00	Key Emp	$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	No data	No data	No data	No data
2023	$467,883	$422,956	$185,260	$44,927
2022	$380,789	$389,620	$134,861	$-8,831
2021	$350,322	$333,510	$140,308	$16,812
2020	$369,308	$300,974	$124,159	$68,334
2019	$376,904	$351,916	$40,683	$24,988