Civic Intelligence

Altus-Southwest Area Economic

EIN 73-1383156 • 501(c)6 • Altus, OK

Profile

To provide businesses, individuals, and organizations with information and assistance in starting a business in the Altus, Oklahoma area.

PO Box 518Altus, OK 73522

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2023

Liabilities / Revenue

1st percentile

-0.94x

Higher debt load relative to revenue than 1% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2023

Net Margin

6th percentile

-28%

Higher net margin than 6% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • $500k-$1M nonprofits • Source year 2023

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

75th percentile

19%

Faster revenue growth than 75% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$0

Down $686,932 (-100%) from 2022

Liabilities

Down

-$525,773

Down $527,273 (-35152%) from 2022

Net Assets

Down

$525,773

Down $159,659 (-23%) from 2022

Revenue

Up

$560,614

Up $87,598 (+19%) from 2022

Expenses

Up

$720,273

Up $277,170 (+63%) from 2022

Net Income

Down

-$159,659

Down $189,572 (-634%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500K-$1.0MAssets 2011: $275,569Liabilities 2011: $0Net Assets 2011: $275,5692011Assets 2012: $271,823Liabilities 2012: $0Net Assets 2012: $271,8232012Assets 2013: $430,786Liabilities 2013: $0Net Assets 2013: $430,7862013Assets 2014: $460,313Liabilities 2014: $0Net Assets 2014: $460,3132014Assets 2015: $588,162Liabilities 2015: $1Net Assets 2015: $588,1612015Assets 2016: $718,563Liabilities 2016: $0Net Assets 2016: $718,5632016Assets 2017: $800,360Liabilities 2017: $0Net Assets 2017: $800,3602017Assets 2018: $727,058Liabilities 2018: $12,900Net Assets 2018: $714,1582018Assets 2019: $629,977Liabilities 2019: $12,175Net Assets 2019: $617,8022019Assets 2020: $634,205Liabilities 2020: $1,503Net Assets 2020: $632,7022020Assets 2021: $667,019Liabilities 2021: $11,500Net Assets 2021: $655,5192021Assets 2022: $686,932Liabilities 2022: $1,500Net Assets 2022: $685,4322022Assets 2023: $0Liabilities 2023: -$525,773Net Assets 2023: $525,7732023

Highlighted filing

2023

Assets$0
Liabilities-$525,773
Net Assets$525,773

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $504,9682011Revenue 2012: $281,997Expenses 2012: $285,743Net Income 2012: -$3,7462012Expenses 2013: $371,9832013Revenue 2014: $442,182Expenses 2014: $412,655Net Income 2014: $29,5272014Revenue 2015: $547,229Expenses 2015: $419,381Net Income 2015: $127,8482015Revenue 2016: $549,479Expenses 2016: $419,077Net Income 2016: $130,4022016Revenue 2017: $554,635Expenses 2017: $472,838Net Income 2017: $81,7972017Revenue 2018: $678,461Expenses 2018: $764,663Net Income 2018: -$86,2022018Revenue 2019: $470,166Expenses 2019: $429,469Net Income 2019: $40,6972019Revenue 2020: $553,949Expenses 2020: $509,686Net Income 2020: $44,2632020Revenue 2021: $502,506Expenses 2021: $479,689Net Income 2021: $22,8172021Revenue 2022: $473,016Expenses 2022: $443,103Net Income 2022: $29,9132022Revenue 2023: $560,614Expenses 2023: $720,273Net Income 2023: -$159,6592023

Highlighted filing

2023

Revenue$560,614
Expenses$720,273
Net Income-$159,659

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 3, 2025
Return Version
2022v5.0
Gross Receipts
$560,614
Mission and Program Overview

Mission

To provide businesses, individuals and organizations with information andassistance to seek businesses to locate here.

To provide businesses, individuals, and organizations with information and assistance in starting a business in the Altus, Oklahoma area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$424,441$0▼ $424,441
Savings and Temporary Cash Investments$249,998$0▼ $249,998
Accounts Receivable$8,033$0▼ $8,033
Prepaid Expenses and Deferred Charges$4,356$0▼ $4,356
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$686,932$0▼ $686,932
Other Assets Total$104$0▼ $104
Liabilities
Accounts Payable and Accrued Expenses$1,500--
Other Liabilities-$-525,773-
Total Liabilities$1,500$-525,773▼ $527,273
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$685,432$525,773▼ $159,659
Total Net Assets Fund Balance$685,432$525,773▼ $159,659
Total Liabilities and Net Assets / Fund Balance$686,932$0▼ $686,932
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steve AlisonPresident
Charles DobbsVice President
Rodger KerrDirector
Dale LathamTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$551,201
Program Service Revenue
$0
Investment Income
$9,413
Other Revenue
$0
Change in Net Assets
$-159,659

Audited Revenue Reconciliation

Revenue per Audited Statements
$560,614
Total Revenue per Audited Statements
$560,614
Total Revenue per Form 990
$560,614
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$720,273
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$77,707--$77,707
Advertising-$6,763-$6,763
Fees for Services Accounting-$6,005-$6,005
Payment Travel Entrtnmnt Publicly Ofcl-$5,628-$5,628
All Other Expenses-$1,934-$1,934
Office Expenses-$687-$687
Total Functional Expenses$699,256$21,017$0$720,273

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$720,273
Total Expenses per Audited Statements$720,273
Total Expenses per Form 990$720,273
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payment to City of Altus$-525,773
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The executive director reviews the 990 and presents it to the board of directors for review and approval before the form is submitted to the Internal Revenue Service.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Altus-Southwest Area Economic
EIN
73-1383156
Phone
5804820211
Address
PO Box 518, Altus, OK 73522

Signing Officer

Name
Rodger Kerr
Title
CEO
Signed
2025-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rodger Kerr
Formed
1990
Legal Domicile
Ok
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Furrh & Associates Pc
Address
608 NW Ft Sill Blvd, LAWTON, OK 73507
Preparer
Kimberly A Furrh CPA
Phone
5803557100
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Rodger Kerr
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Altus-Southwest Area Economic
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Development Corporation
ReturnHeader/Filer/BusinessNameControlTxt0ALTU
ReturnHeader/Filer/EIN0731383156
ReturnHeader/Filer/PhoneNum05804820211
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 518
ReturnHeader/Filer/USAddress/CityNm0Altus
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd073522
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204181501
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FURRH & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0608 NW Ft Sill Blvd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAWTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd073507
ReturnHeader/PreparerPersonGrp/PhoneNum05803557100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kimberly A Furrh CPA
ReturnHeader/ReturnTs02025-02-03T18:05:03-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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