CDFI Friendly Tulsa Inc
Nonprofit profile at a glance
- EIN
- 922468765
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024
- Location
- Tulsa, OK, USA
- Phone
- 9182715100
- Rating
- 54
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Public, Society Benefit N.E.C.
Reported finances
- Revenue
- $548,081
- Expenses
- $188,839
- Assets
- $359,243
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Isaiah Coleman (Executive Director)
- Joyce McClellan (Board President)
- Jonathan Butler (Vice President of the Board)
Highest reported compensation
- Isaiah Coleman (Executive Director): $120,191 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
CDFI Friendly Tulsa is bringing capital to Tulsa to address a range of unmet financing needs in communities of color.
What it reported doing in 2024
CDFI Friendly Tulsa (CFT) generated over $58 million in financing demand for small businesses, real estate, and affordable housing in Tulsa. Of prospective borrowers, 77% are BIPOC, 69% Black or African American, and 53% women. This reflected over 125 community engagements.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 20
- Transparency & Controls: 92
- Accountability: 74
- Sustainability: 75
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 13.4%; rating input score 13
- Program expense ratio: 39%; rating input score 39
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 65.5%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 1.9; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 63.6%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 13.4% of revenue deployed · 39% of spending went to programs
- Governance: 5 of 5 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $74K in reported program spending
- Leadership: top reported pay $120K · 10 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 13/100.
- Moderate — Financial Efficiency: Program expense ratio scored 39/100.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Sustainability: Officer compensation ratio scored 1/100.