TULSA ROYALTIES COMPANY (EIN 736101744) - 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

1951

Legal Domicile

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

To provide financial support for Oklahoma Baptist University, an exempt organization providing Christian higher education to approximately 1,400 students from all over the United States and many other countries.

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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 $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

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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

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

$586,232

Total Directors

$586,232

Key Employees

Highest Compensated

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

TULSA ROYALTIES COMPANY