TULSA'S BACKYARD INITIATIVE FUND

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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

2020

Legal Domicile

Principal Officer

MITCH DRUMMOND

Phone

9187283915

Tax Period

2024-01-01 to 2024-12-31

TULSA'S BACKYARD INITIATIVE FUND, founded in 2020, is a small nonprofit in the Human Services sector that reported $205K in total revenue in fiscal year 2024. Expenses of $495K exceeded revenue, resulting in a 141% operating deficit.

Mission

THE CHARITABLE PURPOSES OF THE ORGANIZATION INCLUDE QUALIFYING AS A QUALIFIED ACTIVE LOW INCOME COMMUNITY BUSINESS TO HOLD, DEVELOP, OWN THE HERMAN AND KATE KAISER PROPERTY AND LEASE IT TO THE YMCA OF GREATER TULSA, AN OKLAHOMA NONPROFIT CORPORATION, AND TO PROVIDE FINANCIAL AND OTHER SUPPORT AND RESOURCES TO ASSIST THE TULSA YMCA IN THE ADMINISTRATION AND PROVISION OF ITS CHARITABLE PROGRAMS AND SERVICES.

Program Service Accomplishments

Program 1

Expenses: $473,992 Revenue: $200,000

HOLD, DEVELOP, AND OWN THE HERMAN AND KATE KAISER PROPERTY AND LEASE IT BACK TO THE YMCA OF GREATER TULSA, AN OKLAHOMA NONPROFIT CORPORATION, AND TO PROVIDE FINANCIAL AND OTHER SUPPORT AND RESOURCES TO ASSIST THE TULSA YMCA IN THE ADMINISTRATION AND PROVISION OF ITS CHARITABLE PROGRAMS AND SERVICES.

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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 $5,283

Program Service Revenue $200,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $205,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $473,992

Other Expenses $495,049

TOTAL EXPENSES $495,049

Year-over-Year Comparison

	2024	2023	Change
Revenue	$205,283	$204,883	+0.0%
Expenses	$495,049	$494,639	+0.0%
Net Income	$-289,766	$-289,756	+0.0%

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
MITCH DRUMMOND	PRESIDENT	0.50	Officer Director	$0	$0	$0
ANNE ADAMS	SECRETARY	0.50	Officer Director	$0	$0	$0
KELLY BERRY	DIRECTOR	0.50	Director	$0	$0	$0
TREY EAGLETON	DIRECTOR	0.50	Director	$0	$0	$0
PATTIE COLLINS	DIRECTOR	0.50	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	$205,283	$495,049	$11,626,454	$-289,766
2023	$204,883	$494,639	$11,916,220	$-289,756
2022	$205,063	$566,597	$12,205,976	$-361,534
2021	$4,145,845	$247,739	$12,567,510	$3,898,106
2020	$1,794,811	$125,407	$8,669,404	$1,669,404