Broken Arrow Economic Developmentcorporation
Broken Arrow Economic Developmentcorporation shows strong asset growth and zero reported officer compensation amidst volatile revenue.
EIN: 205872308 · Broken Arrow, OK · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $645K |
| Total Expenses | $979K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.6M |
| Transparency Score | 85/100 |
Is Broken Arrow Economic Developmentcorporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Broken Arrow Economic Developmentcorporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Broken Arrow Economic Developmentcorporation
Broken Arrow Economic Developmentcorporation (EIN: 205872308) is a nonprofit organization based in Broken Arrow, OK, classified under NTEE code S20. The organization reported total revenue of $645K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Broken Arrow Economic Developmentcorporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Broken Arrow Economic Developmentcorporation is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $979K |
| Surplus / Deficit | +$73K |
| Total Assets | $1.8M |
| Total Liabilities | $258K |
| Net Assets | $1.6M |
| Operating Margin | 6.9% |
| Debt-to-Asset Ratio | 14.2% |
| Months of Reserves | 22.3 months |
Financial Health Grade: A
In 2023, Broken Arrow Economic Developmentcorporation reported a surplus of $73K with revenue exceeding expenses, holds 22.3 months of operating reserves (strong position), has a debt-to-asset ratio of 14.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Broken Arrow Economic Developmentcorporation's revenue has grown at a compound annual growth rate (CAGR) of 9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -50.8% | +19.0% | +1.6% |
| 2022 | +237.3% | +30.1% | +583.9% |
| 2021 | -17.4% | -11.7% | +52.9% |
| 2020 | +161.2% | +136.0% | +42.2% |
| 2019 | -47.6% | -42.5% | -9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Broken Arrow Economic Developmentcorporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Broken Arrow Economic Developmentcorporation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $73K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or compensation structured in a way that is not reported under this specific line item on the IRS 990, which is highly unusual for an organization with over $1 million in annual 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 Broken Arrow Economic Developmentcorporation's IRS 990 filings:
- Highly volatile revenue streams, with a peak of $2,135,482 in 2022 dropping to $1,051,430 in 2023, which could indicate reliance on inconsistent funding.
- Consistent 0% officer compensation reported, which is unusual for an organization with over $1 million in revenue and warrants further investigation into executive compensation practices.
Strengths
The following positive indicators were identified for Broken Arrow Economic Developmentcorporation:
- Strong asset growth, increasing from $120,196 in 2019 to $1,816,043 in 2023, indicating effective financial management and accumulation.
- Consistent financial surpluses in recent years (e.g., $72,777 in 2023 and $1,312,974 in 2022), demonstrating fiscal responsibility.
- Low liabilities relative to assets, indicating a healthy balance sheet (e.g., $258,366 liabilities vs. $1,816,043 assets in 2023).
Frequently Asked Questions about Broken Arrow Economic Developmentcorporation
Is Broken Arrow Economic Developmentcorporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Broken Arrow Economic Developmentcorporation (EIN: 205872308) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Broken Arrow Economic Developmentcorporation spend its money?
Broken Arrow Economic Developmentcorporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Broken Arrow Economic Developmentcorporation tax-deductible?
Broken Arrow Economic Developmentcorporation is registered as a tax-exempt nonprofit (EIN: 205872308). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Broken Arrow Economic Developmentcorporation CEO make?
Broken Arrow Economic Developmentcorporation's highest-compensated officer earns $1 annually. The organization reported $645K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Broken Arrow Economic Developmentcorporation's spending goes to programs?
Broken Arrow Economic Developmentcorporation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Broken Arrow Economic Developmentcorporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Broken Arrow Economic Developmentcorporation is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Broken Arrow Economic Developmentcorporation located?
Broken Arrow Economic Developmentcorporation is headquartered in Broken Arrow, Oklahoma and files with the IRS under EIN 205872308. It is classified under NTEE code S20.
How many years of IRS 990 filings does Broken Arrow Economic Developmentcorporation have?
Broken Arrow Economic Developmentcorporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $645K in total revenue.
Is Broken Arrow Economic Developmentcorporation a good charity?
Based on the available IRS 990 data, the organization demonstrates strong financial health with significant asset growth and a consistent surplus in recent years. The 0% officer compensation is a notable positive for efficiency and transparency, though it warrants further inquiry to understand the full compensation structure. Its mission focus on economic development, combined with efficient spending, suggests it is likely a good charity, but a deeper dive into program outcomes would provide a more complete picture.
Why is officer compensation consistently 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size and revenue. This could indicate that executive leadership is entirely volunteer-based, or that compensation is paid through a related entity, or categorized differently on the 990 (e.g., as general salaries rather than officer compensation). Further investigation into their specific operational structure and compensation policies would be needed to fully understand this.
What caused the significant increase in assets from 2021 to 2022?
The organization's assets jumped from $261,269 in 2021 to $1,786,898 in 2022. This substantial increase likely indicates a major capital acquisition, a significant grant, or a large influx of donations or investments during that period. Without more detailed financial statements, the exact cause cannot be determined from the summary 990 data.
Filing History
IRS 990 filing history for Broken Arrow Economic Developmentcorporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Broken Arrow Economic Developmentcorporation's revenue has grown by 184.4%, moving from $370K to $1.1M. Total assets increased by 839% over the same period, from $193K to $1.8M. Total functional expenses rose by 164.6%, from $370K to $979K. In its most recent filing year (2023), Broken Arrow Economic Developmentcorporation reported a surplus of $73K, with revenue exceeding expenses. The organization holds $258K in liabilities against $1.8M in assets (debt-to-asset ratio: 14.2%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $979K | $1.8M | $258K | — | — |
| 2022 | $2.1M | $823K | $1.8M | $302K | — | — |
| 2021 | $633K | $632K | $261K | $89K | — | View 990 |
| 2020 | $766K | $715K | $171K | $50 | — | — |
| 2019 | $293K | $303K | $120K | $0 | — | View 990 |
| 2018 | $560K | $528K | $133K | $3K | — | View 990 |
| 2017 | $622K | $663K | $123K | $0 | — | View 990 |
| 2016 | $628K | $613K | $168K | $4K | — | View 990 |
| 2015 | $606K | $561K | $151K | $2K | — | View 990 |
| 2014 | $568K | $583K | $112K | $9K | — | View 990 |
| 2013 | $582K | $653K | $126K | $8K | — | View 990 |
| 2012 | $600K | $598K | $207K | $18K | — | View 990 |
| 2011 | $370K | $370K | $193K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $979K, and assets of $1.8M (revenue -50.8% year-over-year).
- 2022: Revenue of $2.1M, expenses of $823K, and assets of $1.8M (revenue +237.3% year-over-year).
- 2021: Revenue of $633K, expenses of $632K, and assets of $261K (revenue -17.4% year-over-year).
- 2020: Revenue of $766K, expenses of $715K, and assets of $171K (revenue +161.2% year-over-year).
- 2019: Revenue of $293K, expenses of $303K, and assets of $120K (revenue -47.6% year-over-year).
- 2018: Revenue of $560K, expenses of $528K, and assets of $133K (revenue -9.9% year-over-year).
- 2017: Revenue of $622K, expenses of $663K, and assets of $123K (revenue -1.1% year-over-year).
- 2016: Revenue of $628K, expenses of $613K, and assets of $168K (revenue +3.6% year-over-year).
- 2015: Revenue of $606K, expenses of $561K, and assets of $151K (revenue +6.6% year-over-year).
- 2014: Revenue of $568K, expenses of $583K, and assets of $112K (revenue -2.3% year-over-year).
- 2013: Revenue of $582K, expenses of $653K, and assets of $126K (revenue -3.0% year-over-year).
- 2012: Revenue of $600K, expenses of $598K, and assets of $207K (revenue +62.2% year-over-year).
- 2011: Revenue of $370K, expenses of $370K, and assets of $193K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Broken Arrow Economic Developmentcorporation:
Data Sources and Methodology
This transparency report for Broken Arrow Economic Developmentcorporation 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.