Oklahoma Osteopathic Association EIN 73-0757525 Form 990 (PDF) Claim this org

Oklahoma Osteopathic Association

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Operates a state medical association for physicians. For fiscal year 2024 it reported $873K in revenue, $846K in expenses, and $772K in net assets.Pt I

Type
Business league / trade association · Nonprofit
Location
Oklahoma City, OK
Website
www.okoesteo.org
Filings
5 on file (2020–2024)
Revenue
$873KFY2024
Expenses
$846K
Net assets
$772K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  73-0757525 Business league / trade association Oklahoma City, OK
Form 990 (PDF)
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Size
$100K–1M
What they do
Operates a state medical association for physicians.
Leadership
Teresa Hardesty DO · Trustee
Money in and out
$873K revenue, $846K expenses
Bottom line
+3% operating surplus
Membership & operating revenue · FY2024
Total revenue
$873K
Pt VIII · Ln 12
Total expenses
$846K
Pt IX · Ln 25
Net assets
$772K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $27K
Where spending went · Part IX cols B–D
Program services $0.18 Management & general $0.82
Operating surplus
+3%
revenue over expenses▲ +136% vs prior filing year
Earned revenue
42%
of revenue from program services & dues▼ -0.9% vs prior filing year
Payroll share
34%
of spending is salaries & benefits▼ -7% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$873K
FY2024▼ -6%
Expenses
$846K
FY2024▼ -16%
Total assets
$1.0M
FY2024▲ +22%
Total liabilities
$251K
FY2024▼ -1.0%
Total revenue
$873K
Pt VIII · Ln 12
Total expenses
$846K
Pt IX · Ln 25
Net assets
$772K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$27K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B18%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COklahoma Osteopathic Association
EINHdr · item D73-0757525
Principal addressHdr · item COklahoma City, OK
WebsiteHdr · item Jwww.okoesteo.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOK
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1946

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $149K of program spending, described in the organization's own filed words · FY2023.
01

The organization utilizes a lobbyist to advocate on behalf of the organization. The organization advocates for the doctors and the profession.

$75Kprogram expense
02

The organiztion provides stethoscopes and white coats to support incoming physicians.

$46Kprogram expense
03

The Physician Fund is provided to help physicians with their rehabilitation with addiction.

$28Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$431K · 49%
Program service revenue$369K · 42%
Other revenue$62K · 7%
Investment income$11K · 1%
Contributions & grants49%$431K
Program service revenue42%$369K
Other revenue7%$62K
Investment income1%$11K
Total revenueLn 12$873K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.18 Management & general $0.82
Program services18%$149K
Management & general82%$697K
Total functional expensesLn 25$846K

Balance Sheet

Part X · end of year
CashLn 1$1.0M
Total assetsLn 16$1.0M
Total liabilitiesLn 26$251K
Total net assetsLn 32$772K
Months of cash on handcomputed14.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.0M · Operating expenses/yr $846K
14.5 months
Where the money goes
Program services
Program services $149K · Total expenses $846K
18%
Management & General
Management & general $697K · Total expenses $846K
82%
Fundraising
Fundraising — · Total expenses $846K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $431K · Total revenue $873K
49%
Government reliance
Government grants — · Total revenue $873K
Earned-income share
Program service revenue $369K · Total revenue $873K
42%
Investment reliance
Investment income $11K · Total revenue $873K
+1%
Program self-sufficiency
Program service revenue $369K · Total expenses $846K
44%
Growth & trend
Revenue growth (YoY)
This year $873K · Prior year $926K
-6%
Revenue CAGR
FY2019 $1.1M · FY2023 $873K
-7%
Net-asset trend (YoY)
End of year $772K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $873K · Expenses $846K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
Net-asset ratio
Net assets $772K · Total assets $1.0M
75%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Teresa Hardesty DO · Reported title Trustee · Highest reported compensation $0 · Total expenses $846K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $291K · Total expenses $846K
34%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 18%
Overhead ratio 82%
Fundraising cost ratio 0%
Revenue growth -6%
Investment management fee ratio 0.5%
Legal fee ratio 0.1%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$14K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$873K revenue · viewing · ⤓ 990 PDF
FY2023$926K revenue · ⤓ 990 PDF
FY2022$740K revenue · ⤓ 990 PDF
FY2021$1.0M revenue · ⤓ 990 PDF
FY2020$1.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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