Oklahoma Defense Industry Associat… - Form 990 Financial Data

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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

Allyson Carson

Tax Period

2024-01-01 to 2024-12-31

Oklahoma Defense Industry Association, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $217K in total revenue in fiscal year 2024. Revenue surged 214% from the prior year, signaling strong growth momentum. The organization ran a surplus of $107K, a strong 49% operating margin.

Mission

To associate the defense contractors and defense communities for their mutual advantage to foster cooperation for the improvement of defense industry in Oklahoma.

Program Service Accomplishments

Program 1

Expenses: $23,769 Revenue: $70,715

Industry Networking and Ecosystem Building

Program 2

Expenses: $5,799 Revenue: $22,510

Advocacy and Policy Engagment

Program 3

Expenses: $10,037 Revenue: $28,000

Workforce Development and Education

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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 $170,033

Program Service Revenue $0

Investment Income $0

Other Revenue $46,946

TOTAL REVENUE $216,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,605

Other Expenses $110,253

TOTAL EXPENSES $110,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$216,979	$68,994	+2.1%
Expenses	$110,253	N/A	N/A
Net Income	$106,726	$68,994	+0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLYSON CARSON	Executive Director	20.00	Officer	$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
2024	$216,979	$110,253	No data	$106,726
2021	$241,943	$165,012	$76,931	$76,931

Oklahoma Defense Industry Association