Villagesokc Inc

Nonprofit profile at a glance

EIN
823482834
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-EZ 2022
Location
Bethany, OK, USA
Phone
4058089211
Rating
35
Verdict
REVIEW
Rating confidence
Moderate
Sector
Supportive Housing for Older Adults

Reported finances

Revenue
$219,528
Expenses
$228,335
Assets
$14,898
Liabilities
$1,575

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

Leadership & pay

6 people listed

Executive titles in this filing

  • CHRIS BUCKELEW (PRESIDENT)

Highest reported compensation

  • MARILYN OLSON (EXECUTIVE DI): $26,400 total reported compensation

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

Overview

Mission

Villagesokc, inc is organized exclusively for educational and charitable purposes within the meaning of section 501 (c) (3) of the internal revenue code, or the corresponding section of any future federal tax code. More specifically, the corporation is organized to help mature adults age 50+ stay independent and in their homes as long as possible by providing appropriate education and services through volunteers, by helping senior adults and others find acceptable vendors to provide services to them and by providing or facilitating such other activities and programs which reduce vulnerability, isolation and empower the individual to make the best personal choices. Villages continues to empower adults to age with vitality and purpose by focusing on four keys: learn, plan, serve, & connect. Programming continues to be developed around these.

What it reported doing in 2024

Learning/planning/serving/connecting a.positive aging: in partnership with metro technology centers, villagesokc held two day long (10a-2p) educational events with presentations by local healthcare providers. Each event drew about 70 attendees and vendors. B.senior lifeskills learning seminars were held monthly. These free open to the public 90 minute seminars were offered at edmond's ymca mitch park and in north Oklahoma city at our lords lutheran church. Bi-monthly similar events were held at metro fit on the campus of metro technology springlake campus. These were free to attendees with an average attendance of 40 at each. C.iphone and android workshops were offered as monthly 90 minute workshop sessions for villagesokc members. Class size was limed to 12 -16 per session in order to offer individualized instruction. D.the gift workshop (gathering information for transitions) were hosted by businesses, retirement communities, insurance agencies and banks. Legend assisted living hosted gift workshops in three of their locations. We continued offering a local guest professional in each session allowing attendees to ask questions of the attorney, nurse, real estate or funeral professional. E.healthcare forms workshops were offered three times each year offering an opportunity for an attorney/nurse to explain the forms. Attendees, if they choose, can have the forms witness and notarized within the 90 minute session. F.navigating medicare - to provide needed information about medicare and social security, vokc partnered with the leading medicare educators in the metro, navigating medicare. They provided monthly education and a designated professional to meet with vokc members. G.empowering independence podcast began a series of podcasts with a mature adult host, a younger generation co-host interviewing a local guest. The purpose of the podcast was to educate and empower, providing resources to those 50+ and their families.

Operating model

Revenue model
Donor-supported. 73% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up and revenue has grown recently. 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: 4
  • Transparency & Controls: 90
  • Accountability: 12
  • Sustainability: 22
  • 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: $8.43 raised per $1 spent on fundraising; rating input score 35; 35th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: 0%; rating input score 0; 7th 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: -4%; rating input score 31; 31st percentile among comparable filings
  • Total-asset coverage ratio: 0.07; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 11.6%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: -200% per year; rating input score 0; 0th percentile among comparable filings
  • Revenue growth: 20.2% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: 3.3% per year; rating input score 100; 39th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 0 of 7 board members independent · 2 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $33K in reported program spending
  • Leadership: top reported pay $26K · 6 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 35/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 31/100.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.
  • High — Sustainability: Officer compensation ratio scored 27/100.