Skiatook Foundation

Nonprofit profile at a glance

EIN
731604693
IRS 990 coverage
2012–2024
Forms available
Form 990 2024, Form 990-N 2023
Location
Skiatook, OK, USA
Phone
9183963702
Rating
50
Verdict
MIXED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$74,188
Expenses
$32,207
Assets
$139,948
Liabilities
$95,236

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

Leadership & pay

16 people listed

Executive titles in this filing

  • GEOFF MCGOFFIN (PRESIDENT)
  • OMAR BAYOUTH (VICE PRESIDENT)
  • SARA HERREN (EXECUTIVE DIRECTOR)

People named in this filing

  • GEOFF MCGOFFIN (PRESIDENT)
  • OMAR BAYOUTH (VICE PRESIDENT)
  • ANDREA HUDSON (SECRETARY)

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

To promote economic development and good will among their members and the surrounding communities.

What it reported doing in 2024

Skiatook foundation helps the chamber as it conducts an auction each year of items donated by chanber of commerce members & community leaders. The proceeds of this auction are used to assists community organizations be more productive. Produce economic development materials promoting the skiatook area, provide educational materials about skiatook. Skiatook foundation & skiatook chamber of commerce sponsor pioneer days in skiatook each year. This festival attracts around 10-12,000 people from surrounding communites. There is no charge for the attendence. Food and craft vendors along with local merchants are invited to display and sell merchandise during this on day event. Skiatook foundation & skiatook chamber of commerce in other events each year. Things like the christmas parade and the chambers banquet and many other activies.

Operating model

Revenue model
Affiliate-supported. 100% of the money available for current operations came from contributions from related organizations.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - 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 a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Accountability: 70
  • Sustainability: 64
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • 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; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 56.6%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 4.35; rating input score 47; 47th percentile among comparable filings
  • Liabilities to assets ratio: 0.68; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 44.2% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 44.1% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 16 of 16 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 16 people listed
  • Consistency: 13 of 13 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2012 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.