HARWELDEN SOCIETY OF TULSA

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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

2019

Legal Domicile

Principal Officer

RONALD G CARLSON

Phone

9185214678

Tax Period

2021-01-01 to 2021-12-31

HARWELDEN SOCIETY OF TULSA, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $855K in total revenue in fiscal year 2021. Revenue surged 171% from the prior year, signaling strong growth momentum. The organization ran a surplus of $360K, a strong 42% operating margin.

Mission

THE MISSION OF THE HERITAGE SOCIETY OF TULSA IS TO RESEARCH, PRESERVE AND SHARE TULSA'S RICH HISTORY IN A MANNER THAT HONORS THE PAST, BUILDS A BRIDGE BETWEEN GENERATIONS AND LEAVES A LEGACY FOR THE FUTURE.

Program Service Accomplishments

Program 1

Expenses: $56,792 Revenue: $57,630

AFTERNOON TEA IS A RECURRING INTERNAL PROGRAM THAT AFFORDS MULTIPLE EDUCATIONAL OPPORTUNITIES FOR GUESTS. THE VERY ENGLISH TRADITION TEACHES PROPER TEA ETIQUETTE TO ADULTS AND CHILDREN. AN ENGLISH...

AFTERNOON TEA IS A RECURRING INTERNAL PROGRAM THAT AFFORDS MULTIPLE EDUCATIONAL OPPORTUNITIES FOR GUESTS. THE VERY ENGLISH TRADITION TEACHES PROPER TEA ETIQUETTE TO ADULTS AND CHILDREN. AN ENGLISH HOST SHARES THE TRADITION INCLUDING STORIES OF GROWING UP IN ENGLAND AND THE SIGNIFICANCE TO THE ENGLISH CULTURE. WITH THE HARWELDEN MANSION BEING AN "ENGLISH MANOR," THE TRADITION SHEDS LIGHT ON EARL AND MARY HARWELL'S ENGLISH ANCESTRY, THE ORIGINAL OWNERS, AS WELL AS WHAT TULSA IN THE 1920S WAS LIKE. WE HAVE ADDED A CHILDREN'S AFTERNOON TEA TO OUR PROGRAMMING.

Program 2

Expenses: $141,429 Revenue: $172,777

EACH BEDROOM SUITE IS THEMED HONORING THE HISTORY OF THE STATE OF OKLAHOMA, THE MANSION ITSELF, AND THE GARDENS OF THE HISTORIC PROPERTY. THE PRIMROSE SUITE, REDBUD SUITE, DOGWOOD SUITE, LILAC SUITE, SYCAMORE SUITE, AND THE MAGNOLIA SUITE. THE SUITES ALLOW US TO ACHIEVE THE OBJECTIVES OF THE MISSION THROUGH THEMES THAT DON'T END WITH AN EVENT, BUT CONTINUES THROUGH OVERNIGHT ACCOMMODATIONS. ADDITIONALLY, THE SUITES ARE DONATED TO AREA NONPROFITS AS CHARITY AUCTION ITEMS AND TO SUPPORT STAFF AND TEAMS WHEN FUNDRAISERS AND OTHER EVENTS REQUIRE LATE-NIGHT ACCOMMODATIONS. FINALLY; THE ROOMS ARE USED AS "GREEN ROOMS," PHOTOSHOOT BACKDROPS, AND MOBILE OFFICE SPACE.

Program 3

Expenses: $296,759 Revenue: $301,526

THE VENUE IS USED TO SUPPORT THE ARTS, CULTURE, AND PROGRAMMING OF THE MANSION. EACH VENUE RENTAL INCLUDES A HISTORIC TOUR OF THE MANSION AND GARDENS TO EDUCATE GUESTS ON TULSA'S RICH OIL HISTORY AND TO SHARE THE MANSION'S ARCHIVE AND COLLECTIONS THAT TELL THE HARWELL FAMILY STORY AND THE DETAILS OF THE ENGLISH TUDOR ARCHITECTURE. THE MANSION IS LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES AND IS CONSIDERED BY MANY TO BE THE "DOWNTON ABBEY" OF TULSA, OKLAHOMA.

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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 (2021)

Revenue Breakdown

Contributions & Grants $306,228

Program Service Revenue $531,933

Investment Income $0

Other Revenue $16,572

TOTAL REVENUE $854,733

Expense Breakdown

Grants Paid $100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $494,980

Other Expenses $494,880

TOTAL EXPENSES $494,980

Year-over-Year Comparison

	2021	2020	Change
Revenue	$854,733	$315,522	+1.7%
Expenses	$494,980	$241,239	+1.1%
Net Income	$359,753	$74,283	+3.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD G CARLSON	DIRECTOR	2.00	Officer Director	$0	$0	$0
VICKI MARINO	DIRECTOR	2.00	Officer Director	$0	$0	$0
DEBBIE WOLFE	DIRECTOR	2.00	Officer Director	$0	$0	$0
TERESA L KNOX	DIRECTOR	20.00	Officer Director	$0	$0	$0
IVAN ACOSTA	DIRECTOR	2.00	Officer 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
2021	$854,733	$494,980	$456,952	$359,753
2020	$315,522	$241,239	$85,305	$74,283