TULSA SCOTTISH RITE CHARITABLE AND EDUCATIONAL FOUNDATION (EIN 736094994) - Form 990 Financial Analysis & Trantor Score

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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

1959

Legal Domicile

Principal Officer

MICHAEL FRITTS

Phone

9186227760

Tax Period

2024-01-01 to 2024-12-31

TULSA SCOTTISH RITE CHARITABLE AND EDUCATIONAL FOUNDATION, founded in 1959, is a small nonprofit in the Education sector that reported $128K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $284K exceeded revenue, resulting in a 121% operating deficit.

Mission

EDUCATIONAL AND CHARITABLE PURPOSES

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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 (2024)

Revenue Breakdown

Contributions & Grants $42,385

Program Service Revenue $0

Investment Income $27,970

Other Revenue $58,069

TOTAL REVENUE $128,424

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $8,201

Program Expenses $90,086

Other Expenses $283,908

TOTAL EXPENSES $283,908

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,424	$157,588	-0.2%
Expenses	$283,908	$248,170	+0.1%
Net Income	$-155,484	$-90,582	+0.7%

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

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

$70,540

Total Directors

$70,540

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID A CARPENTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDREW REES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MATTHEW CARGILL	SECRETARY	40.00	Officer Director	$0	$0	$70,540
STEPHEN RIDENOUR	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL D MAXEY	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD D SEWELL	TRUSTEE	1.00	Director	$0	$0	$0
DONALD H STANTON	TRUSTEE	1.00	Director	$0	$0	$0
LARRY ADAIR	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL FRITTS	TRUSTEE	1.00	Director	$0	$0	$0
JOE R MANNING JR	SGIG IN OKLAHOMA	1.00	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	$128,424	$283,908	$3,479,256	$-155,484
2023	$157,588	$248,170	$3,421,268	$-90,582
2022	$160,098	$240,972	$3,411,703	$-80,874
2021	$545,718	$231,157	$4,725,144	$314,561
2020	$201,918	$184,185	$4,854,484	$17,733
2019	$739,676	$172,438	$4,413,340	$567,238
2018	$248,847	$247,929	$3,992,628	$918

TULSA SCOTTISH RITE CHARITABLE AND EDUCATIONAL FOUNDATION