Oklahoma Workers Compensation Education Association
Oklahoma Workers Compensation Education Association shows recent financial recovery after several years of operating deficits, maintaining zero liabilities.
EIN: 204254639 · Oklahoma City, OK · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $46K |
| Total Expenses | $46K |
| Program Spending | 80% |
| Net Assets | $85K |
| Transparency Score | 75/100 |
Is Oklahoma Workers Compensation Education Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Oklahoma Workers Compensation Education Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Oklahoma Workers Compensation Education Association
Oklahoma Workers Compensation Education Association (EIN: 204254639) is a nonprofit organization based in Oklahoma City, OK, classified under NTEE code S41. The organization reported total revenue of $46K and total assets of $59K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oklahoma Workers Compensation Education Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Oklahoma Workers Compensation Education Association is a micro nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2000–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $93K |
| Total Expenses | $46K |
| Surplus / Deficit | +$47K |
| Total Assets | $85K |
| Net Assets | $85K |
| Operating Margin | 50.2% |
| Months of Reserves | 22.1 months |
Financial Health Grade: A
In 2023, Oklahoma Workers Compensation Education Association reported a surplus of $47K with revenue exceeding expenses, holds 22.1 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2000–2023), Oklahoma Workers Compensation Education Association's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +60.4% | -26.6% | +29.8% |
| 2022 | -15.3% | -13.7% | -7.2% |
| 2021 | +23.3% | +14.2% | -8.2% |
| 2020 | -22.0% | -19.8% | -9.9% |
| 2019 | -14.3% | -2.6% | -9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 Oklahoma Workers Compensation Education Association with a Mission Score of 75 out of 100 (Good). 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, Oklahoma Workers Compensation Education Association 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 $47K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through means not categorized as officer compensation, suggesting very low direct leadership overhead.
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 Oklahoma Workers Compensation Education Association's IRS 990 filings:
- 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
The following positive indicators were identified for Oklahoma Workers Compensation Education Association:
- 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).
Frequently Asked Questions about Oklahoma Workers Compensation Education Association
Is Oklahoma Workers Compensation Education Association a legitimate charity?
Oklahoma Workers Compensation Education Association (EIN: 204254639) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $46K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Oklahoma Workers Compensation Education Association spend its money?
Oklahoma Workers Compensation Education Association directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Oklahoma Workers Compensation Education Association tax-deductible?
Oklahoma Workers Compensation Education Association is registered as a tax-exempt nonprofit (EIN: 204254639). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Oklahoma Workers Compensation Education Association's spending goes to programs?
Oklahoma Workers Compensation Education Association directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Oklahoma Workers Compensation Education Association compare to similar nonprofits?
With a transparency score of 75/100 (Good), Oklahoma Workers Compensation Education Association is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Oklahoma Workers Compensation Education Association located?
Oklahoma Workers Compensation Education Association is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 204254639. It is classified under NTEE code S41.
How many years of IRS 990 filings does Oklahoma Workers Compensation Education Association have?
Oklahoma Workers Compensation Education Association has 14 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 $46K in total revenue.
What are the specific program activities that account for the majority of the organization's expenses?
While the filings show total expenses, a detailed breakdown of program activities is not provided in the summary data. Given the name, it likely involves education and advocacy related to workers' compensation.
How does the organization sustain its operations with 0% reported officer compensation?
This suggests a highly volunteer-driven model or that compensation for key personnel is categorized differently, such as through contractor fees, which would require further investigation of detailed expense schedules.
What caused the significant increase in revenue in 2023 to $92,762, leading to a positive net income?
The provided data does not specify the source of the revenue increase, but it marks a positive shift from previous years' deficits and warrants further examination of their funding streams.
Filing History
IRS 990 filing history for Oklahoma Workers Compensation Education Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2000–2023), Oklahoma Workers Compensation Education Association's revenue has grown by 24.4%, moving from $75K to $93K. Total assets decreased by 9.1% over the same period, from $94K to $85K. Total functional expenses fell by 42.7%, from $81K to $46K. In its most recent filing year (2023), Oklahoma Workers Compensation Education Association reported a surplus of $47K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $93K | $46K | $85K | $0 | — | View 990 |
| 2022 | $58K | $63K | $66K | $0 | — | View 990 |
| 2021 | $68K | $73K | $71K | $0 | — | View 990 |
| 2020 | $55K | $64K | $77K | $0 | — | View 990 |
| 2019 | $71K | $80K | $86K | $0 | — | View 990 |
| 2018 | $83K | $82K | $94K | $0 | — | View 990 |
| 2017 | $77K | $78K | $93K | $0 | — | View 990 |
| 2016 | $77K | $77K | $93K | $0 | — | View 990 |
| 2015 | $75K | $81K | $94K | $0 | — | — |
| 2014 | $50K | $65K | $100K | $0 | — | View 990 |
| 2013 | $98K | $87K | $114K | $0 | — | View 990 |
| 2012 | $83K | $101K | $103K | $0 | — | View 990 |
| 2011 | $108K | $99K | $121K | $0 | — | View 990 |
| 2000 | $75K | $81K | $94K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $93K, expenses of $46K, and assets of $85K (revenue +60.4% year-over-year).
- 2022: Revenue of $58K, expenses of $63K, and assets of $66K (revenue -15.3% year-over-year).
- 2021: Revenue of $68K, expenses of $73K, and assets of $71K (revenue +23.3% year-over-year).
- 2020: Revenue of $55K, expenses of $64K, and assets of $77K (revenue -22.0% year-over-year).
- 2019: Revenue of $71K, expenses of $80K, and assets of $86K (revenue -14.3% year-over-year).
- 2018: Revenue of $83K, expenses of $82K, and assets of $94K (revenue +7.1% year-over-year).
- 2017: Revenue of $77K, expenses of $78K, and assets of $93K (revenue +0.7% year-over-year).
- 2016: Revenue of $77K, expenses of $77K, and assets of $93K (revenue +3.0% year-over-year).
- 2015: Revenue of $75K, expenses of $81K, and assets of $94K (revenue +47.8% year-over-year).
- 2014: Revenue of $50K, expenses of $65K, and assets of $100K (revenue -48.4% year-over-year).
- 2013: Revenue of $98K, expenses of $87K, and assets of $114K (revenue +17.4% year-over-year).
- 2012: Revenue of $83K, expenses of $101K, and assets of $103K (revenue -23.0% year-over-year).
- 2011: Revenue of $108K, expenses of $99K, and assets of $121K (revenue +45.2% year-over-year).
- 2000: Revenue of $75K, expenses of $81K, and assets of $94K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Oklahoma Workers Compensation Education Association:
Data Sources and Methodology
This transparency report for Oklahoma Workers Compensation Education Association 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.