GREENWOOD RISING INC (EIN 853774435) - 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

2020

Legal Domicile

Principal Officer

SAM COMBS

Phone

5398673173

Tax Period

2023-01-01 to 2023-12-31

GREENWOOD RISING INC, founded in 2020, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $1.3M, a strong 57% operating margin.

Mission

GREENWOOD RISING EDUCATES PEOPLE ABOUT TULSA'S HISTORIC GREENWOOD DISTRICT, THE BLACK WALL STREET MINDSET, AND AMERICA'S HARD RACIAL HISTORY TO INSPIRE THEM TOWARD SOCIAL JUSTICE AND RACIAL RECONCILIATION AT HOME AND BEYOND. THE HISTORY CENTER IS THE ICONIC DESTINATION TO EVOKE THOUGHT AND MOTIVATE CHANGE IN RACE RELATIONS FOR ALL GENERATIONS, BRINGING AN END TO RACIAL VIOLENCE AND CREATING GENERATIONAL WEALTH. GREENWOOD RISING INC. DBA GREENWOOD RISING IS THE LEGACY PROJECT OF THE 1921 TULSA RACE MASSACRE CENTENNIAL COMMISSION (THE "COMMISSION"). THE COMMISSION BEGAN IN 2015 UNDER THE LEADERSHIP OF SENATOR KEVIN MATHEWS, DEDICATED TO A VISION OF A STRONGER AND MORE JUST TULSA. THE COMMISSION SET OUT TO RAISE A TOTAL OF 30 MILLION FOR ITS PROJECTS AND WAS STRUCTURED AS A COMPONENT FUND OF THE TULSA COMMUNITY FOUNDATION ("TCF"), EIN 73- 1554474, A 501(C)(3) PUBLIC CHARITY. THE PRIVATE FUNDS RAISED BY THE COMMISSION WERE DEPOSITED BY TCF AND DISPERSED UNDER DIRECTION OF THE COMMISSION AN

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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 $1,712,171

Program Service Revenue $494,110

Investment Income $17,155

Other Revenue $39,508

TOTAL REVENUE $2,262,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $375,531

Fundraising Expenses $0

Program Expenses $545,541

Other Expenses $608,590

TOTAL EXPENSES $984,121

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,262,944	$2,647,063	-0.1%
Expenses	$984,121	$676,588	+0.5%
Net Income	$1,278,823	$1,970,475	-0.4%

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

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

$144,809

Total Directors

$144,809

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND DOSWELL	EXECUTIVE DI	40.00	Officer Director	$120,192	$0	$120,192
PHIL ARMSTRONG	EXECUTIVE DI	40.00	Officer Director	$24,617	$0	$24,617
BRENDA ALFORD	DIRECTOR	5.00	Director	$0	$0	$0
ALECIA BROWN	TREASURER	5.00	Officer Director	$0	$0	$0
SAM COMBS	DIRECTOR, CH	5.00	Officer Director	$0	$0	$0
DR DEBORAH GIST	DIRECTOR	5.00	Director	$0	$0	$0
MAGGIE HILLE-YAR	DIRECTOR, SE	5.00	Officer Director	$0	$0	$0
HANNIBAL B JOHNSON	DIRECTOR	5.00	Director	$0	$0	$0
JON LAWRENCE	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM LISSAU	DIRECTOR	5.00	Director	$0	$0	$0
JESSICA LOWE-BETTS	IMMEDIATE PA	5.00	Officer Director	$0	$0	$0
CINDY MCGHEE	DIRECTOR	5.00	Officer Director	$0	$0	$0
SANDRA QUINCE	DIRECTOR	5.00	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
2024	No data	No data	No data	No data
2023	$2,262,944	$984,121	$3,326,286	$1,278,823
2022	$2,647,063	$676,588	$2,074,169	$1,970,475

GREENWOOD RISING INC