Arkoma Basin Oilfield Fishing Tournament Inc

Arkoma Basin Oilfield Fishing Tournament Inc. faces severe financial decline with zero assets and expenses far exceeding revenue in 2020.

EIN: 201951711 · Huntington, AR · NTEE: P20 · Updated: 2026-03-28

$7KRevenue

$0Assets

35/100Mission Score (Poor)

P20

About Arkoma Basin Oilfield Fishing Tournament Inc

Arkoma Basin Oilfield Fishing Tournament Inc (EIN: 201951711) is a nonprofit organization based in Huntington, AR, classified under NTEE code P20. The organization reported total revenue of $7K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arkoma Basin Oilfield Fishing Tournament Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

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.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Arkoma Basin Oilfield Fishing Tournament Inc with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Arkoma Basin Oilfield Fishing Tournament Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led organization. This suggests that no funds are being diverted to high salaries, which is positive for a small organization with declining revenue.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Arkoma Basin Oilfield Fishing Tournament Inc's IRS 990 filings:

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

The following positive indicators were identified for Arkoma Basin Oilfield Fishing Tournament Inc:

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.

Frequently Asked Questions about Arkoma Basin Oilfield Fishing Tournament Inc

Is Arkoma Basin Oilfield Fishing Tournament Inc. financially sustainable?

Based on the data, the organization's financial sustainability is highly questionable. Revenue has plummeted from nearly $200,000 in 2012 to $6,569 in 2020, while expenses often exceed revenue, leading to significant deficits and a complete depletion of assets to $0 in 2020.

What caused the drastic decline in revenue and assets?

The provided data does not specify the exact causes, but the consistent downward trend in revenue and the complete loss of assets suggest either a significant reduction in fundraising activities, a loss of major donors, or a change in the organization's operational model or scope.

How are the expenses being covered given the low revenue and zero assets?

In 2020, with revenue of $6,569 and expenses of $77,098, the organization incurred a deficit of over $70,000. With $0 in assets, it's unclear how these expenses were covered, potentially through new debt (though liabilities are reported as $0) or unrecorded contributions.

Filing History

IRS 990 filing history for Arkoma Basin Oilfield Fishing Tournament Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2020), Arkoma Basin Oilfield Fishing Tournament Inc's revenue has declined by 95%, moving from $132K to $7K. Total assets decreased by 100% over the same period, from $6K to $0. Total functional expenses fell by 41.9%, from $133K to $77K. In its most recent filing year (2020), Arkoma Basin Oilfield Fishing Tournament Inc reported a deficit of $71K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2020	$7K	$77K	$0	$0	—	View 990
2019	$26K	$32K	$71K	$0	—	View 990
2018	$30K	$32K	$76K	$0	—	View 990
2017	$33K	$40K	$78K	$0	—	View 990
2016	$49K	$51K	$85K	$0	—	View 990
2015	$70K	$103K	$87K	$0	—	View 990
2014	$98K	$102K	$120K	$0	—	View 990
2013	$198K	$156K	$124K	$0	—	View 990
2012	$199K	$124K	$82K	$0	—	View 990
2011	$132K	$133K	$6K	$0	—	View 990

Year-by-Year Financial Summary

2020: Revenue of $7K, expenses of $77K, and assets of $0 (revenue -75.0% year-over-year).
2019: Revenue of $26K, expenses of $32K, and assets of $71K (revenue -12.9% year-over-year).
2018: Revenue of $30K, expenses of $32K, and assets of $76K (revenue -7.2% year-over-year).
2017: Revenue of $33K, expenses of $40K, and assets of $78K (revenue -33.0% year-over-year).
2016: Revenue of $49K, expenses of $51K, and assets of $85K (revenue -30.4% year-over-year).
2015: Revenue of $70K, expenses of $103K, and assets of $87K (revenue -28.6% year-over-year).
2014: Revenue of $98K, expenses of $102K, and assets of $120K (revenue -50.7% year-over-year).
2013: Revenue of $198K, expenses of $156K, and assets of $124K (revenue -0.4% year-over-year).
2012: Revenue of $199K, expenses of $124K, and assets of $82K (revenue +50.8% year-over-year).
2011: Revenue of $132K, expenses of $133K, and assets of $6K.

Data Sources and Methodology

This transparency report for Arkoma Basin Oilfield Fishing Tournament Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.