PEARL M & JULIA J HARMON FOUNDATION INC

EIN: 736117523

TULSA, OK

Total Revenue
$1,966,265
Total Expenses
$1,966,265
Total Assets
$2,795,993
Net Assets
$2,795,993
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
OK
Principal Officer
CK Owens
Phone
9187436191
Tax Period
2023-06-01 to 2024-05-31

PEARL M & JULIA J HARMON FOUNDATION INC, founded in 1968, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023.

Mission

Exists solely to hold record title to oil & gas minerals interests of the Pearl M. & Julia J. Harmon Foundation. This entity is passive all income flows through directly to Foundation. No expenses are charged to this entity.

Program Service Accomplishments

Program 1
Expenses: $1,966,265 Revenue: $1,966,265

Received and passed through oil and gas revenue. NOTE: As the purpose of this entity is to hold record title all depletion of the underlying mineral interests was claimed by the Foundation Trust...

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Received and passed through oil and gas revenue. NOTE: As the purpose of this entity is to hold record title all depletion of the underlying mineral interests was claimed by the Foundation Trust. These properties are fully depleted for tax cost basis.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $1,966,265
TOTAL REVENUE $1,966,265

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,966,265
Other Expenses $1,966,265
TOTAL EXPENSES $1,966,265

Year-over-Year Comparison

2023 2022 Change
Revenue $1,966,265 $2,054,125 0.0%
Expenses $1,966,265 $2,054,125 0.0%
Net Income $0 $0 N/A
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

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Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
5
Independent Members
N/A
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
3
$292,217
Total Directors
5
$298,817
Key Employees
3
$292,217
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CK OWENS PRESIDENT 20.00
Officer Director Key Emp
$0 $17,061 $86,527
GL HANGS SEC-TREAS 5.00
Officer Director Key Emp Highest
$0 $16,348 $101,258
JULIA HANGS VP 20.00
Officer Director Key Emp
$0 $35,774 $104,432
CH FREDERICK DIRECTOR 0.10
Director
$0 $0 $3,300
GE HOLMES DIRECTOR 0.10
Director
$0 $0 $3,300
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 $1,966,265 $1,966,265 $2,795,993 No data
2023 $2,054,125 $2,054,125 $2,795,993 No data
2022 $1,512,484 $1,512,484 $2,795,993 No data
2021 $1,047,037 $1,047,037 $2,795,993 No data
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