Jim Thorpe Association Inc

Nonprofit profile at a glance

EIN
731306116
IRS 990 coverage
2014–2023
Forms available
Form 990 2023
Location
Oklahoma City, OK, USA
Phone
4054271400
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$879,156
Expenses
$842,571
Assets
$3,764,235
Liabilities
$12,068

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • MICHAEL JAMES (PRESIDENT/EXECUTIVE DIRECTOR)

Highest reported compensation

  • MICHAEL JAMES (PRESIDENT/EXECUTIVE DIRECTOR): $126,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The jim thorpe association is a 501(c)(3) non-profit charitable organziation that encourages excellence in sports, academics, health and fitness; preserves our sports heritage and builds pride and positive lifestyles in the spirit of native american legend jim thorpe.

What it reported doing in 2023

Operation of the jim thorpe museum, Oklahoma sports hall of fame, in Oklahoma city. The museum preserves the history of jim thorpe both as an individual and as an athlete. It also focuses on the activities of the jim thorpe association. The central gallery of the museum is the hall of champions.

Operating model

Revenue model
Other-operating. 68% of the money available for current operations came from other operating revenue.
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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 85
  • Accountability: 60
  • Sustainability: 60
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 68.7%; rating input score 69
  • Program expense ratio: 70.5%; rating input score 70
  • Fundraising efficiency: $2.2 raised per $1 spent on fundraising; rating input score 6; 6th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 24th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 95.5%; rating input score 95; 25th percentile among comparable filings
  • Governance controls: 1 of 8 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 4.2%; rating input score 50; 50th percentile among comparable filings
  • Total-asset coverage ratio: 4.47; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 15%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: -2.7% per year; rating input score 0; 12th percentile among comparable filings
  • Revenue growth: 14.2% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: -13.2% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 68.7% of revenue deployed · 70.5% of spending went to programs
  • Governance: 21 of 22 board members independent · 1 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $594K in reported program spending
  • Leadership: top reported pay $126K · 22 people listed
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules
  • Filing history: 9 filing years from 2014 to 2023
  • 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 — Accountability: Governance controls: 6 of 7 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 6/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Operating margin scored 50/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.