TULSA ROYALTIES COMPANY

EIN: 736101744 501(c)(3)

Shawnee, OK

Total Revenue
$2,085,068
Total Expenses
$2,084,929
Total Assets
$145
Net Assets
$145
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
OK
Principal Officer
Randy Smith
Phone
4055855130
Tax Period
2023-01-01 to 2023-12-31

TULSA ROYALTIES COMPANY, founded in 1951, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring.

Mission

Tulsa Royalties Company is a supporting organization, created to provide financial support for Oklahoma Baptist University, an exempt organization. Oklahoma Baptist University is a Christian liberal arts university which transforms lives by equipping students to pursue academic excellence, integrate faith with all areas of knowledge, engage a diverse world and live worthy of the high calling of God in Christ.

Program Service Accomplishments

Program 1
Expenses: $1,861,270 Revenue: $0

Contributions of financial support for Oklahoma Baptist University. Financial support funds special projects, including campus improvement projects, capital expenditures and retirement of debt.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $3,380
Other Revenue $2,081,688
TOTAL REVENUE $2,085,068

Expense Breakdown

Grants Paid $1,861,270
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,861,270
Other Expenses $223,659
TOTAL EXPENSES $2,084,929

Year-over-Year Comparison

2023 2022 Change
Revenue $2,085,068 $3,658,107 -0.4%
Expenses $2,084,929 $3,658,315 -0.4%
Net Income $139 $-208 -1.7%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
12

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
4
$586,232
Total Directors
10
$586,232
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Heath Thomas Vice President 0.50
Officer Director
$0 $58,497 $280,604
Randy L Smith Vice President for Operations/Treasurer 0.50
Officer Director
$0 $21,683 $175,911
Lester Kasterke Assistant Secretary 0.50
Officer Director
$0 $22,838 $129,717
Robert Morris President 0.5
Officer Director
$0 $0 $0
John Lee Director 0.5
Director
$0 $0 $0
Matt Brooks Director 0.5
Director
$0 $0 $0
Matt Brown Director 0.5
Director
$0 $0 $0
Aubrey Chapin Director 0.5
Director
$0 $0 $0
Steve Hall Director 0.5
Director
$0 $0 $0
Justin Sampler Director 0.5
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $2,085,068 $2,084,929 $145 $139
2022 $3,658,107 $3,658,315 $6 $-208
2021 $2,723,685 $2,723,573 $214 $112
2020 $1,080,360 $1,080,295 $102 $65
Explore More Nonprofits
→Top 100 Nonprofits in Oklahoma →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare TULSA ROYALTIES COMPANY with other nonprofits in Oklahoma and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.