Oklahoma Native Assets Coalition Inc
Nonprofit profile at a glance
- EIN
- 465103221
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024, Form 990-EZ 2015
- Location
- Oklahoma City, OK, USA
- Phone
- 4054017873
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Coalitions
Reported finances
- Revenue
- $1,245,260
- Expenses
- $902,187
- Assets
- $3,152,592
- Liabilities
- $7,479
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- ANNA KNIGHT (VICE PRESIDENT)
- CHRISTINA FINSEL (PRESIDENT & EXECUTIVE DIRECTOR)
Highest reported compensation
- CHRISTINA FINSEL (PRESIDENT & EXECUTIVE DIRECTOR): $199,541 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization assists in the development and support of a network of native people who are dedicated to increasing the self-sufficiency and prosperity of their communities. This is being accomplished through comprehensive financial initiatives.
What it reported doing in 2024
The organization administers seven programs: 1) asset-builder professional development and program development (including national conference, native bank on onac/national get banked indian country campaign, financial education train-the-trainers, national child tax credit outreach, asset-building research, the national native eitc/vita network, and funding of bank on accounts, co-chairing project reach subcommittee), 2) mini grants and larger grants to fund asset-building projects, 3) establishing and funding educational savings accounts for american indian and Alaska native children, 4) funding emergency savings accounts, 5) incentives for those building and repairing credit and completing homebuyer education course, 6) one-on-one financial coaching, and 7) down payment assistance. In 2024, the organization served an estimated 13,495 constituents with the asset-builder professional development program, mini grants which supported native vita programs in the country, children's savings accounts, emergency savings accounts, incentive payments, financial coaching, and down payment assistance.
Operating model
- Revenue model
- Donor-supported. 93% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 67% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 83
- Accountability: 100
- Sustainability: 72
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60.3%; rating input score 60
- Program expense ratio: 79.8%; rating input score 80
- Fundraising efficiency: $99.1 raised per $1 spent on fundraising; rating input score 86; 86th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 19th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 93.9%; rating input score 94; 41st percentile among comparable filings
- 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: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 27.6%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 3.49; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 22.1%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: 19.2% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: 21.8% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 29.8% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 60.3% of revenue deployed · 79.8% of spending went to programs
- Governance: 5 of 5 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $720K in reported program spending
- Leadership: top reported pay $200K · 5 people listed · 4 of 6 pay-setting controls reported
- Consistency: 29 of 30 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors, grants, and executive pay
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 19 filed money-flow records
- Related organizations: 18 filed related-organization links
- 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 — Sustainability: Officer compensation ratio scored 12/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.