Oklahoma Turnaround Fund

Nonprofit profile at a glance

EIN
832545172
IRS 990 coverage
2018–2019
Forms available
Form 990 2019
Location
Norman, OK, USA
Phone
4053645946
Rating confidence
Limited

Reported finances

Revenue
$-28,020
Expenses
$545,926
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

21 people listed

Highest reported compensation

  • AAMON ROSS (TREASURER/DIRECTOR): $5,000 total reported compensation
  • DONELLE HARDER (DIRECTOR): $3,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the corporation is to build a team that will work with governor-elect stitt to recruit oklahomans to serve in a stitt administration and to build out Oklahoma's turnaround transition team to include issue-centered advisory committees on education, economic growth, government efficiency, infrastructure, health, public safety, and native american partnerships. Further, this corporation will provide management and administration for the proper conduct of inaugural balls for the people of Oklahoma to celebrate the election of a new governor.

What it reported doing in 2019

Inaugural celebrations: the organization's first goal was to plan inaugural celebrations across Oklahoma that gave thousands of oklahomans the chance to participate in celebrating the election of a new governor. This included formal inaugural balls in tulsa and Oklahoma city attended by thousands, a children and family event, and a more informal event in lawton attended by hundreds. These events gave the governor and his family and staff the chance to meet with thousands of oklahomans across the state from a diverse background and gave those oklahomans the chance to meet the new governor and his family and key staff.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Hybrid. The nonprofit split its reported program spending across 63% for direct work, and 37% for grants.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 60
  • Accountability: 58
  • Sustainability: 4
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 68.3%; rating input score 68
  • Fundraising efficiency: $0 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 3.6%; rating input score 4; 39th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.5%; rating input score 90; 26th percentile among comparable filings
  • Governance controls: 1 of 9 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Limited
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -2,048.3%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 1.6%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: 153.4% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: -218.8% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -200% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 68.3% of spending went to programs
  • Governance: 19 of 21 board members independent · 1 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $373K in reported program spending
  • Leadership: top reported pay $5K · 21 people listed
  • Highest-paid contractors: 1 contractor listed · $173K reported
  • Consistency: 19 of 20 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 2 filing years from 2018 to 2019
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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: Fundraising efficiency scored 4/100.
  • High — Transparency & Controls: Grant itemization coverage scored 4/100.
  • High — Accountability: Governance controls: 6 of 7 not reported.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 21/100.