Verdict: Arkoma Basin Oilfield Fishing Tournament Inc has notable concerns
35/100Mission Score
$7KRevenue
$0Assets
4Red Flags
3Strengths
Red Flags
Severe and consistent decline in revenue over the past decade, from $199,187 in 2012 to $6,569 in 2020.
Expenses significantly exceeding revenue in multiple recent periods, notably $77,098 in expenses against $6,569 in revenue in 2020.
Complete depletion of assets from a peak of $123,935 in 2013 to $0 in 2020.
Lack of clear explanation for how large deficits are being funded, especially with zero reported liabilities and assets.
Strengths
Consistent filing of IRS Form 990, demonstrating a commitment to public transparency.
Zero officer compensation reported across all filings, indicating a volunteer-led structure and no executive salary burden.
Historically managed to accumulate assets, though these have since been depleted.
Spending Breakdown
How Arkoma Basin Oilfield Fishing Tournament Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Arkoma Basin Oilfield Fishing Tournament Inc
Is Arkoma Basin Oilfield Fishing Tournament Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Arkoma Basin Oilfield Fishing Tournament Inc (EIN: 201951711) has notable concerns. Mission Score: 35/100. 4 red flags identified, 3 strengths noted.
Is Arkoma Basin Oilfield Fishing Tournament Inc a good charity to donate to?
Arkoma Basin Oilfield Fishing Tournament Inc has a Mission Score of 35/100. Revenue: $7K. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Arkoma Basin Oilfield Fishing Tournament Inc?
The Employer Identification Number (EIN) for Arkoma Basin Oilfield Fishing Tournament Inc is 201951711. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Arkoma Basin Oilfield Fishing Tournament Inc spend its money?
Arkoma Basin Oilfield Fishing Tournament Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Arkoma Basin Oilfield Fishing Tournament Inc's tax-exempt status?
You can verify Arkoma Basin Oilfield Fishing Tournament Inc's tax-exempt status using EIN 201951711 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Arkoma Basin Oilfield Fishing Tournament Inc. exhibits a concerning trend of declining financial health, with its latest reported revenue of $6,569 in 2020 being significantly lower than its peak of $199,187 in 2012. The organization also reported expenses of $77,098 in 2020, far exceeding its revenue and resulting in a substantial deficit. This pattern of expenses consistently outpacing revenue, particularly in recent years, raises questions about its long-term sustainability. The organization's assets have also diminished from a high of $123,935 in 2013 to $0 in 2020, indicating a complete depletion of reserves.
Regarding spending efficiency, without a detailed breakdown of expenses into program, administrative, and fundraising costs, it's difficult to fully assess. However, the large deficit in 2020, where expenses were over eleven times revenue, suggests significant operational inefficiencies or a major shift in activities. The consistent reporting of zero officer compensation across all filings indicates a volunteer-led structure, which can be a positive for efficiency if other costs are managed well. However, the overall financial trajectory points to challenges in managing resources effectively.
In terms of transparency, the organization consistently files its IRS Form 990, which is a positive indicator. The consistent reporting of $0 officer compensation is also transparent. However, the lack of detailed expense breakdowns in the provided data limits a deeper analysis of how funds are being allocated, which is crucial for a comprehensive understanding of its financial practices.