REI Oklahoma
Legal name: Rei Capital Access Fund Inc
Nonprofit profile at a glance
- EIN
- 874562958
- IRS 990 coverage
- 2022–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Durant, OK, USA
- Phone
- (800) 658-2823
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Rural Economic Development
Reported finances
- Revenue
- $292,647
- Expenses
- $119,912
- Assets
- $4,901,279
- Liabilities
- $38,025
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- SCOTT DEWALD (PRESIDENT)
Highest reported compensation
- SCOTT DEWALD (PRESIDENT): $530,042 total reported compensation
- SHERRY HARLIN (EXEC. VP & ASSISTANT SECRETARY): $359,122 total reported compensation
- DEBBIE PARTIN (VP & SECRETARY): $286,933 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
REI Oklahoma expands economic opportunities for Oklahomans by providing flexible financing and development to individuals, businesses and entrepreneurs with limited access to resources. Our Board of Directors brings together dedicated leaders who help guide our mission and shape our future. Together, they provide oversight, vision and support for the work we do every day. Brian Alford Chair. In the early 1980s, two organizations were created to drive economic development in southeastern Oklahoma — the Industrial Technology Research and Development Center (ITRAD) in 1980 and the Rural Enterprises Development Corporation (REDC) in 1982. These efforts set the stage for building a stronger support system for local businesses. 1980–1982 1984.
What it reported doing in 2024
Business lending - providing flexible financing and development services to businesses and entrepreneurs with limited access to resources.
Operating model
- Revenue model
- Earned-program. 62% of the money available for current operations came from fees and other program 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 most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 47
- Transparency & Controls: 67
- Accountability: 88
- Sustainability: 79
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 25.4%; rating input score 25
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 80%; rating input score 80; 21st percentile among comparable filings
- Governance controls: 9 of 9 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: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 59%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 40.87; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 100.9%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 84.5% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: 71.7% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: 7% per year; rating input score 100; 55th percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 25.4% of revenue deployed · 100% of spending went to programs
- Governance: 4 of 5 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $120K in reported program spending
- Leadership: top reported pay $530K · 8 people listed · 0 of 6 pay-setting controls reported
- Consistency: 12 of 12 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 2 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 — Financial Efficiency: Mission deployment rate scored 25/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Officer compensation ratio scored 1/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 47/100.