PFA Holdings Inc

Nonprofit profile at a glance

EIN
933390170
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
Perry, OK, USA
Phone
5803364241
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$831,361
Expenses
$441,043
Assets
$8,499,756
Liabilities
$8,140,982

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

People named in this filing

  • Lawrence Wortham (Director / Pres)
  • Derek Coldiron (Director / VP)
  • Kristen McCaul (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

PFA Holdings, Inc., an Oklahoma not for profit corporation (the "Corporation") was formed to assist the Perry Facilities Authority, an Oklahoma public trust ("PFA"), to carry out its purpose of providing health care services to residents of Perry, Oklahoma and the surrounding areas. The Corporation is formed and incorporated as a not for profit corporation. PFA is formed as a public trust under the laws of the state of Oklahoma and functions as a subdivision thereof and is accordingly exempt pursuant to Section 115 of the Internal Revenue Code. Nonetheless, PFA is described in Section 170(b)(1)(A)(iii) of the Internal Revenue Code and, accordingly, is a valid supported organization pursuant to Section 509(a)(3)(A). A majority of the Board of the Corporation is elected by the Board of Trustees of PFA. The Corporation is organized and intended to be operated as a Type I supporting organization for PFA.The Corporation will enter into a financing arrangement utilizing federal New Market Ta

What it reported doing in 2024

Construction of health care faciltiy

Operating model

Revenue model
Affiliate-supported. 100% of the money available for current operations came from contributions from related organizations.
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 total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 90
  • Accountability: 76
  • Sustainability: 81
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 53.1%; rating input score 53
  • Program expense ratio: 100%; rating input score 100
  • 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 46.9%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 19.27; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.96; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: -71% per year; rating input score 0; 0th percentile among comparable filings
  • Revenue growth: -78% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: 6.1% per year; rating input score 100; 44th percentile among comparable filings

Details

  • Where the money goes: 53.1% of revenue deployed · 100% of spending went to programs
  • Governance: 3 of 3 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $441K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 53/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.