Is Oklahoma Workers Compensation Education Association Legit?
Quick charity verification for Oklahoma Workers Compensation Education Association (EIN: 204254639)
Verdict: Oklahoma Workers Compensation Education Association appears trustworthy
75/100Mission Score
$46KRevenue
$59KAssets
1Red Flags
4Strengths
Red Flags
Multiple years of operating deficits (e.g., 2022: $57,815 revenue vs. $62,898 expenses; 2021: $68,241 revenue vs. $72,868 expenses) prior to 2023.
Strengths
Consistent reporting of $0 liabilities across all filings, indicating strong financial solvency and no debt.
Recent significant financial recovery in 2023 with revenue ($92,762) substantially exceeding expenses ($46,163).
0% reported officer compensation, suggesting a highly efficient or volunteer-led leadership structure.
Clear alignment between organization name and NTEE code (S41 - Workers' Compensation & Disability).
Spending Breakdown
How Oklahoma Workers Compensation Education Association allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
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 Oklahoma Workers Compensation Education Association
Is Oklahoma Workers Compensation Education Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Oklahoma Workers Compensation Education Association (EIN: 204254639) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.
Is Oklahoma Workers Compensation Education Association a good charity to donate to?
Oklahoma Workers Compensation Education Association has a Mission Score of 75/100. Revenue: $46K. Assets: $59K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Oklahoma Workers Compensation Education Association?
The Employer Identification Number (EIN) for Oklahoma Workers Compensation Education Association is 204254639. 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 Oklahoma Workers Compensation Education Association spend its money?
Oklahoma Workers Compensation Education Association allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Oklahoma Workers Compensation Education Association's tax-exempt status?
You can verify Oklahoma Workers Compensation Education Association's tax-exempt status using EIN 204254639 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
The Oklahoma Workers Compensation Education Association demonstrates a generally stable financial position, with assets consistently exceeding liabilities, which have been reported as $0 across all available filings. This indicates strong financial solvency and a lack of debt. The organization's revenue and expenses have fluctuated over the past decade, with recent years showing a positive net income in 2023 ($92,762 revenue vs. $46,163 expenses) after several years of operating deficits. This recent improvement in financial performance is a positive sign. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-driven leadership or that compensation is not reported in a way that is easily discernible as officer compensation, which could be a point for further inquiry regarding transparency in leadership costs, though it generally indicates low overhead in this area. The organization's NTEE code S41 (Workers' Compensation & Disability) aligns with its name, suggesting a clear programmatic focus.