Wrap Project Inc

Nonprofit profile at a glance

EIN
881193141
IRS 990 coverage
2023–2025
Forms available
Form 990 2025, Form 990-EZ 2022
Location
Tahlequah, OK, USA
Phone
9182014333
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Official website

Reported finances

Revenue
$2,126,844
Expenses
$2,079,596
Assets
$609,135
Liabilities
$448,738

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • TERRI GARRETT (EXECUTIVE DIRECTOR)
  • ARNOLD TODD RIGGS (PRESIDENT)
  • DOWER COMBS (VICE PRESIDENT)

Highest reported compensation

  • TERRI GARRETT (EXECUTIVE DIRECTOR): $85,115 total reported compensation
  • ARNOLD TODD RIGGS (PRESIDENT): $22,747 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Wrap project inc. Is dedicated to increasing access to transportation, healthy foods, health care, literacy, protective factors, culture, substance abuse prevention, education, training, career development, community resources, poverty, drug abuse, recovery, suicide prevention, k

What it reported doing in 2025

We serve around 250 in tahlequah and 200 in wagoner for the adult programs that increase access to transportation, healthy foods, healthcare, literacy, protection, culture, prevention, education, training, career dev, recovery, and community resources. We also serve 300 within our boys and girls programs.

Operating model

Revenue model
Grant-funded. 87% of the money available for current operations came from government grants.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 86
  • Accountability: 79
  • Sustainability: 26
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.9%; rating input score 93
  • Program expense ratio: 95%; rating input score 95
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 18th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.2%; rating input score 34; 34th percentile among comparable filings
  • Total-asset coverage ratio: 0.29; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 0.74; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 5.2%; rating input score 55; 55th percentile among comparable filings

Growth

  • Program expense growth: 58.6% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 67.4% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 45% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 92.9% of revenue deployed · 95% of spending went to programs
  • Governance: 5 of 5 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2M in reported program spending
  • Leadership: top reported pay $85K · 6 people listed
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 3 filing years from 2023 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Accountability: Governance controls: 4 of 8 not reported.
  • Moderate — Sustainability: Operating margin scored 34/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • Review — Sustainability: Officer compensation ratio scored 55/100.